5755 S Calumet Ave Chicago, IL 60637
Washington Park NeighborhoodEstimated payment $1,428/month
Total Views
49,662
0
Acre
--
Price per Acre
0
Sq Ft Lot
Highlights
- Property is near a park
- Corner Lot
- 3-minute walk to King Drive Station
About This Lot
Prime development opportunity in one of Chicago's fastest-appreciating neighborhoods, this oversized 12,068 SF corner parcel offers rare scale, prime positioning, and optimal RM-5 zoning that allows for a wide range of residential uses. Its premier corner location provides outstanding visibility, natural light, and design flexibility. Uniquely wide, the lot offers over 67 feet of frontage on Calumet Avenue and stretches nearly 180 feet deep, providing ample space for creative development with virtually every residential configuration on the table. Permitting up to 26,549 buildable square feet and 30 dwelling units by right, RM-5 zoning enables meaningful density and architectural flexibility. Just steps from Washington Park, one of the city's most iconic and expansive green spaces, the property offers a rare setting for nature lovers, outdoor enthusiasts, and cultural explorers alike. Spanning nearly 370 acres, the park features lush walking and biking trails, serene lagoons, tennis courts, athletic fields, and cultural landmarks like the DuSable Black History Museum. It's an ideal environment for recreation, connection, and inspiration - and just a short walk or bike ride through the park connects you directly to the University of Chicago campus. Convenient access to the nearby CTA Green Line further enhances the location's appeal. This property presents a rare opportunity to capitalize on a prime location with strong fundamentals and long-term upside.
Property Details
Property Type
- Land
Est. Annual Taxes
- $4,343
Lot Details
- Lot Dimensions are 67.42 x 179
- Corner Lot
- Property is zoned MULTI
Location
- Property is near a park
Schools
- Carter Elementary School
- Phillips Academy High School
Map
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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 | $4,343 | $42,238 | $42,238 | -- |
| 2023 | $4,233 | $20,516 | $20,516 | -- |
| 2022 | $4,233 | $20,516 | $20,516 | $0 |
| 2021 | $4,138 | $20,515 | $20,515 | $0 |
| 2020 | $4,570 | $20,515 | $20,515 | $0 |
| 2019 | $4,122 | $20,515 | $20,515 | $0 |
| 2018 | $4,052 | $20,515 | $20,515 | $0 |
| 2017 | $2,598 | $12,068 | $12,068 | $0 |
| 2016 | $3,384 | $16,895 | $16,895 | $0 |
| 2015 | $3,096 | $16,895 | $16,895 | $0 |
| 2014 | $1,679 | $9,051 | $9,051 | $0 |
| 2013 | $1,646 | $9,051 | $9,051 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/24/2025 07/24/25 | For Sale | $200,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Attorney | |
| Interfamily Deed Transfer | -- | Attorney | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $90,000 | Unknown |
Source: Public Records
About the Listing Agent
Cyrus joined Compass in 2024. He was born and raised in Chicago and the Northwest suburbs, and spent much of his childhood alongside his father rehabbing apartment buildings and single family homes. Cyrus graduated with a Bachelor of Science from Loyola University Chicago and later attained a JD from Loyola’s School of Law with a focus in real estate. Coupled with over 20 years of commercial and residential sales, leasing and management experience alongside 10 years of experience as a loan
Cyrus' Other Listings
Source: Midwest Real Estate Data (MRED)
MLS Number: 12427141
APN: 20-15-118-023-0000
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