Washington Park Redevelopment
For Sale
$550,000
5930 South King Drive, Chicago, IL 60637
RM-5 zoned property with park-front exposure, redevelopment potential.
Property Size8,000 SF
Price / SF$68.75
Days on Market219
Property Features for 5930 South King Drive
General Information
Standard status
Active
Size
8,000 SF
Total Parking Spaces
3
Property subtype
Two to Four Units / Multi Family 5+-Other
Zoning
MULTI
Taxes and HOA fees
Annual Taxes
$11,696
Building Details
Year Built
1894
Stories
4
Listing Agency:
Real Broker LLC
(773) 516-1111
Listed By:
Rafay Qamar · License #475158420
(773) 516-1111
Source:
Compass
Added: Jan 2
Changed: Aug 8
Last Checked: Jul 16 at 5:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real Broker LLC
Investment Insights
Based on property information with market context.
This property presents a prime development opportunity in Washington Park, offering scale, flexibility, and park-front exposure. Zoned RM-5, the site includes an approximately 8,000 sq ft main building and a coach house, along with three on-site garage spaces. The property has the potential for 6-9 residential units, although verification by the buyer is required. The main building has been fully gutted and is ready for redevelopment. The design allows for bright garden-level units, with first-, second-, and third-floor units overlooking Washington Park. Architectural plans for a 6-unit configuration are available, and the seller is willing to share these plans with qualified buyers. The surrounding area features ongoing new construction and redevelopment. This property is suitable for developers or investors seeking a value-add or repositioning project in a growing corridor with convenient access to transportation and neighborhood amenities. The property is sold as-is.
Key Highlights
- Prime Washington Park location with park‑front exposure.
- RM‑5 zoning allows for potential development of 6‑9 residential units (buyer to verify).
- Approximately 8,000 sq ft main building plus coach house with three garage spaces.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
557
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - RM-5 zoned property with park-front exposure, redevelopment potential.
Where is this residential land & home lot located?
The property is located at 5930 South King Drive Chicago, IL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Prime Washington Park location with park‑front exposure.; RM‑5 zoning allows for potential development of 6‑9 residential units (buyer to verify).; Approximately 8,000 sq ft main building plus coach house with three garage spaces.
