Seller's Agent in 2025
Michael Applegate
Straight-A Realty, LLC
(630) 288-2446
1 in this area
83 Total Sales
5165 S Michigan Ave Chicago, IL 60615
Stateway Gardens Neighborhood
0.19
Acre
$1,047,368
Price per Acre
8,276
Sq Ft Lot
About This Lot
As of August 2025Attention residential developers! Don't miss this exceptional opportunity to acquire a 0.19-acre lot in Chicago's thriving Washington Park neighborhood. Located at 5165 S Michigan Ave, this RM-5 zoned lot offers flexibility for various residential projects in an area experiencing rapid revitalization. With ample space to build an 8-unit residential building or two 4-unit buildings, this site presents a fantastic investment in a neighborhood seeing a surge in new construction. The property's prime location on Michigan Ave places it near key amenities, including Washington Park, Provident Hospital, and major transit routes, making it highly attractive to future residents. Whether you envision a boutique condo development or a rental property, the potential for strong returns is undeniable. With ongoing redevelopment efforts in the area, this lot is perfectly positioned for a profitable project-secure your stake in Washington Park's transformation today!
Last Agent to Sell the Property
Straight-A Realty, LLC License #471020131 Listed on: 03/27/2025
Last Buyer's Agent
Straight-A Realty, LLC License #471020131 Listed on: 03/27/2025
Property Details
Property Type
- Land
Est. Annual Taxes
- $3,013
Lot Details
- 8,276 Sq Ft Lot
- Lot Dimensions are 52x161
- Property is zoned MULTI
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 18, 2014
Sold by
First National Acquisitions Llc
Bought by
The Chicago Trust Company N A
Purchase Details
Closed on
Nov 25, 2013
Sold by
County Of Cook Illinois
Bought by
First National Acquisitions Llc
Purchase Details
Closed on
May 11, 2006
Sold by
Terrapin Investments Llc
Bought by
Us Bank and Trust #7323
Purchase Details
Closed on
Oct 28, 2003
Sold by
Orr David D
Bought by
Terrapin Investments Llc
Purchase Details
Closed on
Dec 19, 2000
Sold by
Lasalle Bank National Assn
Bought by
Firstar Trust Company and Trust #7323
Purchase Details
Closed on
Nov 17, 1999
Sold by
Donnel
Bought by
American National Bk & Tr Co Of Chicago and Trust #600584-01
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $19,000 | None Available | |
| Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes | -- | None Available | |
| Special Warranty Deed | -- | None Available | |
| Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes | -- | -- | |
| Deed | $7,000 | -- | |
| Legal Action Court Order | $18,500 | -- |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/14/2025 08/14/25 | Sold | $199,000 | -20.4% | -- |
| 04/24/2025 04/24/25 | Pending | -- | -- | -- |
| 04/08/2025 04/08/25 | For Sale | $250,000 | 0.0% | -- |
| 03/27/2025 03/27/25 | Pending | -- | -- | -- |
| 03/27/2025 03/27/25 | For Sale | $250,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $3,013 | $29,302 | $29,302 | -- |
| 2023 | $2,936 | $14,232 | $14,232 | -- |
| 2022 | $2,936 | $14,232 | $14,232 | $0 |
| 2021 | $2,870 | $14,232 | $14,232 | $0 |
| 2020 | $3,170 | $14,232 | $14,232 | $0 |
| 2019 | $2,859 | $14,232 | $14,232 | $0 |
| 2018 | $2,811 | $14,232 | $14,232 | $0 |
| 2017 | $2,523 | $11,720 | $11,720 | $0 |
| 2016 | $2,347 | $11,720 | $11,720 | $0 |
| 2015 | $2,148 | $11,720 | $11,720 | $0 |
| 2014 | $1,864 | $10,046 | $10,046 | $0 |
| 2013 | $1,827 | $10,046 | $10,046 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Applegate
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12322600
APN: 20-10-302-013-0000
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