5031 S Michigan Avenue Chicago, IL ^$ 299,000

5031 S Michigan Avenue

^$ 299,000

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Recently Listed

5031 S Michigan Avenue

Chicago, IL, 60615

^$ 299,000

Studio Baths0.0

Monthly Estimate*

^$ 1,888

5031 S Michigan Avenue, Chicago, IL 60615 - Image 1

5031 S Michigan Avenue, Chicago, IL 60615 - Image 2

Studio

Lots and Land for sale in Chicago, IL

for $299,000.

Prime residential lot in the desirable Bronzeville neighborhood. Spacious parcel with excellent development potential, surrounded by mature trees and established homes. Conveniently located near parks, public transportation, expressways, and downtown Chicago. Ideal opportunity for builders, investors, or a custom home project.

Lots and Land Active

Price

^$ 299,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 3,490

Style

Single Family

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12713871

Features

General

Utilities Electric to Site Natural Gas Available Sewer Nearby

Possession Closing

Township South Chicago

Tax Year 2023

Current Use Single Family

Ownership Fee Simple

County Cook

Property Type Land Land

Status New

Directions Dan Ryan Expy to 51st St east to Michigan Ave north to property.

City Chicago

High School District 299

MLS Area CHI - Grand Boulevard

Tax Annual Amount 3490

Standard Status Active

Middle/Junior School District 299

Elementary School District 299

Exterior

Water Source Municipal Water

Total Parking 0

Lot Dimensions 60X160

Road Surface Type Asphalt

Frontage Length 80

Frontage Type City Street

Waterfront Y/N N

Interior

Total Baths 0

* Excluded Features

List By

Real Broker, Llc

Broker

landonkalyle@gmail.com

Affordability Calculator

$2,179

Per Month

Monthly Principal & Interest: $1,888
Monthly Property Taxes: $291
Monthly Home Insurance: --

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Loan Term

Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% 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 ^$239,811

Percent of Sale Price 20%

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
7/23/2026	$299,000		Listed Price

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5031 S Michigan Avenue, Chicago, IL, 60615 is a Lots and Land for sale at $299,000. 5031 S Michigan Avenue is a studio with 0.0 baths. The property's zip code is 60615 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% 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 7/24/2026.

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5031 S Michigan Avenue

Lots and Land for sale in Chicago, IL

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