5731-41 S State Street Chicago, IL ^$ 225,000

5731-41 S State Street

^$ 225,000

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New Construction

5731-41 S State Street

Chicago, IL, 60621

^$ 225,000

Studio Baths0.0

Monthly Estimate*

^$ 1,404

5731-41 S State Street, Chicago, IL 60621 - Image 1

5731-41 S State Street, Chicago, IL 60621 - Image 2

5731-41 S State Street, Chicago, IL 60621 - Image 3

5731-41 S State Street, Chicago, IL 60621 - Image 4

Studio

Lots and Land for sale in Chicago, IL

for $225,000.

Discover the potential of two adjacent city lots (totaling approx. 8,050 sq ft) located on State Street in the Washington Park community. This property offers a rare chance to build ground-up new construction or develop multi-family housing in a neighborhood seeing steady revitalization. Lot Size: 8,050 sq ft (combined) Location: Easy access to I-94, public transit, shopping, and schools Development Potential: Ideal for multi-unit, town homes, or custom single-family residences Surrounded by ongoing redevelopment and investment, these lots present a strategic opportunity for builders, developers, and investors looking to create value in one of Chicago's historic neighborhoods. Bring your vision - this property is ready for its next chapter.

Lots and Land Active

Price

^$ 225,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 12,706

Style

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12481106

Features

General

Utilities None

Possession Closing

Township Hyde Park

Tax Year 2023

Ownership Fee Simple

Additional Parcels Description 20151130120000

County Cook

Property Type Land Land

Possible Use Commercial Development Multi-Family Single Family

Status Active

Directions take State to 5713-15 S State

City Chicago

High School District 299

MLS Area CHI - Washington Park

Tax Annual Amount 12706

Additional Parcels Y/N Y

Standard Status Active

Middle/Junior School District 299

Elementary School District 299

Interior

Basement None

Laundry Features None

Total Baths 0

Exterior

Total Parking 0

Lot Dimensions 25 x 178.45

Road Surface Type Asphalt

Frontage Length 0

Frontage Type City Street

Waterfront Y/N N

* Excluded Features

List By

Re-Chrg Inc

Broker

chicagohomes@saninaellison.com;chicagohomes@saninaellison.com

Affordability Calculator

$2,463

Per Month

Monthly Principal & Interest: $1,404
Monthly Property Taxes: $1,059
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Lots and land listings in Chicago, IL

Average List Price ^$321,131

Percent of Sale Price 43%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

566059 Elementary School

566846 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/1/2025	$225,000		Listed Price

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5731-41 S State Street, Chicago, IL, 60621 is a Lots and Land for sale at $225,000. 5731-41 S State Street is a studio with 0.0 baths. The property's zip code is 60621 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 12/9/2025.

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5731-41 S State Street

Lots and Land for sale in Chicago, IL

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