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Development Opportunity in Washington Park
For Sale
$125,000

5630 S Wabash Avenue, Chicago, IL 60637

Land, Chicago, IL

Property SizeContact for details
Lot Size0.09 Acres
Days on Market299

Property Features for 5630 S Wabash Avenue

General Information

Property type Land
Property subtype Other
Elementary school district 299
Middle school district 299
High school district 299
Directions North, south, east or west to 5630.
Subdivision CHI - Washington Park
Standard status Active
APN 20151070390000
Lot size 0.09 Acres

Taxes and HOA fees

Tax Year 2023
Tax Annual Amount 2910

Utilities

Utilities Natural Gas Available
Listing Agency: RE/MAX 10 in the Park · RE/MAX International
Listed By: Irena Soprych · License #475122739
Added: Oct 26, 2025 Changed: Aug 20 Last Checked: Aug 20 at 11:06PM
MLS# 12504161

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.

This property presents a development opportunity in the Washington Park neighborhood. The land is zoned RT-4. The location offers convenient public transportation with access to 90/94. Nearby amenities include the University of Chicago Green line, Performing Arts Center, Artist Residences apartment complex, Park Supper Club, and XS Tennis. The lot size is approximately 0.09 acres. Additional lots for sale are listed under MLS numbers 12504162 and 12504160.

Key Highlights

  • Excellent development opportunity in the hot Washington Park neighborhood.
  • Convenient access to public transportation and 90/94.
  • Close proximity to the University of Chicago, Green line, and Performing Arts Center.

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Law Firm Building Supply HVAC Service Computer & Electronic Repair (Bike/Boat/Book/etc) Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

771
Businesses Nearby

Demographics for 60637, IL

53,555
Population
26,717
Households
2
Avg Household Size
31
Median Age
37%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
11,901
Density / Sq Mi
$42,080
Median Household Income
$33,227
Median Earnings
$1,170
Median Rent
$243,700
Median Home Value
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Commercial land - Land in up-and-coming Chicago neighborhood near transportation and amenities.
Where is this commercial land located?
The property is located at 5630 S Wabash Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: Excellent development opportunity in the hot Washington Park neighborhood.; Convenient access to public transportation and 90/94.; Close proximity to the University of Chicago, Green line, and Performing Arts Center.
More about this property
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