5415 S Prairie Ave Chicago, IL 60615
Washington Park NeighborhoodEstimated payment $1,570/month
About This Lot
Prime Development Opportunity in Washington Park!Discover the potential of this vacant 0.21-acre lot (approx. 9,148 sq ft) located at 5415 S Prairie Ave in the rapidly developing Washington Park area. Zoned RM-5, this oversized lot offers an excellent opportunity for developers, investors, or future homeowners looking to build a multi-unit residential building or a spacious single-family home.Nestled on a tree-lined street just minutes from the University of Chicago, Washington Park, and the Green Line, this lot provides convenient access to downtown, Hyde Park, and major expressways. New construction and revitalization projects are already underway throughout the neighborhood-be part of the momentum.Whether you're looking to build new, expand your portfolio, or hold for long-term investment, this is a can't-miss opportunity in one of Chicago's most promising areas. Drive by and envision the possibilities-bring your ideas and make them reality.
Property Details
Property Type
- Land
Est. Annual Taxes
- $3,239
Lot Details
- 9,148 Sq Ft Lot
Map
Home Values in the Area
Average Home Value in this Area
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 | $3,239 | $31,500 | $31,500 | -- |
| 2023 | $3,157 | $15,300 | $15,300 | -- |
| 2022 | $3,157 | $15,300 | $15,300 | $0 |
| 2021 | $3,086 | $15,300 | $15,300 | $0 |
| 2020 | $3,408 | $15,300 | $15,300 | $0 |
| 2019 | $3,074 | $15,300 | $15,300 | $0 |
| 2018 | $3,022 | $15,300 | $15,300 | $0 |
| 2017 | $2,712 | $12,600 | $12,600 | $0 |
| 2016 | $2,524 | $12,600 | $12,600 | $0 |
| 2015 | $2,309 | $12,600 | $12,600 | $0 |
| 2014 | $2,004 | $10,800 | $10,800 | $0 |
| 2013 | $1,964 | $10,800 | $10,800 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/04/2025 08/04/25 | Price Changed | $237,500 | -5.0% | -- |
| 04/08/2025 04/08/25 | For Sale | $250,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $300,000 | Cti | |
| Warranty Deed | $138,000 | -- | |
| Warranty Deed | $13,500 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $270,000 | Credit Line Revolving | |
| Previous Owner | $124,200 | No Value Available |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12333229
APN: 20-10-315-003-0000
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