5755 South Calumet Avenue

Chicago IL 60637

Land

Last sold for $127,000

Cyrus Seraj, last sold this property on 12 December 2025 after 140 days on market.

Overview

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.

Features

Land

Estimated Value

Based on this property and similar land plots sold in Chicago over the last 12 months, the estimated median property value of 5755 South Calumet Avenue is $65k.

Median value

$65k

Estimated value range

$12k - $195k

Median days on market

Estimated value trend

30%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Chicago. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 5755 South Calumet Avenue

2025

Sold

$127,000

12 Dec 2025 by Cyrus Seraj, of Compass

Happy sellers in Chicago

We have insufficient information to provide an overview of customer satisfaction for Chicago. Viewing the agent profiles, reviews and sales for Chicago can provide insights for this location.