Chicago Land Development
For Sale
$225,000
5731-41 S State Street, Chicago, IL 60621
Land, Chicago, IL
Property SizeContact for details
Days on Market324
Property Features for 5731-41 S State Street
General Information
Property type
Land
Property subtype
Other
Elementary school district
299
Middle school district
299
High school district
299
Directions
take State to 5713-15 S State
Subdivision
CHI - Washington Park
Standard status
Active
APN
20151130110000
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
12706
Listing Agency:
Re-CHRG Inc
(877) 445-4192
Listed By:
Sanina Ellison · License #471018328
(772) 495-2144
Added: Oct 1, 2025
Changed: Aug 19
Last Checked: Aug 20 at 11:06PM
MLS# 12481106
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located on State Street in Chicago's Washington Park community, this property features two adjacent city lots totaling approximately 8,050 square feet. The site is suitable for ground-up new construction or multi-family housing development in a neighborhood undergoing revitalization. The location provides convenient access to I-94, public transit, shopping, and schools. The lots are ideally suited for multi-unit dwellings, townhomes, or custom single-family residences. Surrounded by ongoing redevelopment and investment, these lots offer a strategic opportunity for builders, developers, and investors to create value in one of Chicago's historic neighborhoods.
Key Highlights
- Large combined lot size (approx. 8,050 sq ft) suitable for various development projects.
- Prime location in the revitalizing Washington Park community.
- Ideal for new construction, including multi‑family housing, townhomes, or single‑family residences.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
743
Businesses Nearby
Explore this area
Business Placement
Demographics for 60621, IL
29,570
Population
15,348
Households
1.9
Avg Household Size
36
Median Age
12%
College-Educated
78%
High-School Grad
3.8 sq mi
ZIP Area
7,782
Density / Sq Mi
$33,235
Median Household Income
$29,961
Median Earnings
$1,017
Median Rent
$161,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Land - Two adjacent lots ideal for new construction or multi-family housing.
Where is this land located?
The property is located at 5731-41 S State Street Chicago, IL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Large combined lot size (approx. 8,050 sq ft) suitable for various development projects.; Prime location in the revitalizing Washington Park community.; Ideal for new construction, including multi‑family housing, townhomes, or single‑family residences.
