Recently Listed New Construction 5415 S Prairie Avenue
Chicago, IL, 60615 $ 225,000
Baths0.0 Monthly Estimate*
$ 1,385
An Exceptional Double Lot Opportunity in the Heart of Bronzeville! Positioned along one of Chicago's most historically rich corridors, 5415 S. Prairie Avenue presents a rare opportunity to shape the future of Bronzeville with a 50 x 180 double lot (approx. 9,147 sq ft) zoned RS-3-perfectly suited for a custom single-family residence with allowed ADU units, thoughtfully designed modern two-flats or upzoning to RT-4 or RM-5 if aiming for 3+ units. Set within the vibrant Bronzeville/Grand Boulevard community, this oversized parcel is surrounded by a dynamic blend of classic Chicago greystones and striking new construction, reflecting the neighborhood's continued growth and strong investment appeal. King Drive anchors the area with a rich mix of local restaurants, cafes, and neighborhood staples, creating a lifestyle rooted in culture, history, and convenience. Location is everything-and this one delivers. Just minutes away, you'll find Washington Park, offering expansive green space, walking trails, and recreational amenities, along with the renowned DuSable Black History Museum and Education Center, a cornerstone of Chicago's cultural legacy. Enjoy easy access to the lakefront with 57th Street Beach, perfect for summer days, bike rides, and scenic relaxation. Daily conveniences are just around the corner, including Whole Foods Market and Trader Joe's, along with the popular dining and shopping corridor along 53rd Street in Hyde Park, known for its vibrant restaurant scene and local boutiques. The property is also ideally located near the prestigious University of Chicago, as well as the world-class Museum of Science and Industry and Chicago's iconic Museum Campus, home to the Field Museum, Shedd Aquarium, and Adler Planetarium. Commuting is seamless with nearby access to the CTA Green Line (43rd & 47th Street stations) and the Red Line via Sox/35th, along with multiple CTA bus routes including #3 King Drive and #47 47th Street. For drivers, proximity to Lake Shore Drive and I-90/94 (Dan Ryan Expressway) ensures quick travel throughout the city. This is more than just land-it's an opportunity to build in a location that connects history, culture, education, recreation, and modern living. Whether you envision a timeless residence or a standout new construction project, 5415 S. Prairie Avenue offers the scale, setting, and accessibility to bring your vision to life.
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Lots and Land ActiveCondominium,Multi-Family,Single Family
FeaturesGeneralUtilities None
Possession Closing Immediate
Zoning MULTI
Township Hyde Park
Tax Year 2024
Current Use Condominium Multi-Family Single Family
Ownership Fee Simple
County Cook
Property Type Land Land
Possible Use Condominium Multi-Family Single Family
Status Active
Directions Exit at Garfield Blvd (55th Street) and head west. Continue for about 1 mile. Turn right (north) onto Prairie Avenue. The property will be just ahead on the right.
City Chicago
High School District 299
MLS Area CHI - Washington Park
Tax Annual Amount 6351.79
Additional Parcels Y/N N
Virtual Tour https://bit.ly/4t92c9Y
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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ExteriorTotal Parking 0
Lot Dimensions 50X180
Road Surface Type Concrete
Frontage Length 50
Frontage Type City Street Interstate Public Road Signal Intersection US Highway Alley Access
Waterfront Y/N N
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* Excluded FeaturesList ByColdwell Banker RealtyBroker
paulette.edwards@cbexchange.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $1,385
- Monthly Property Taxes
- $529
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% 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.
Learn more about how to save NearbyLots and land listings in Chicago, IL
Average List Price $307,145
Percent of Sale Price 37%
About Chicago, IL 2,755,380 Population
-4% Since 2002
$ 53,088 Median Income
36.07 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 3/27/2026 | $225,000 | | Listed Price |