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Investment Highlights

  • -Near the prestigious University of Chicago & Medical District
  • -Recreation, Historic Culture & World-class Museum
  • -Seamless commuting and located neat CTA Green Line

Executive Summary

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.

Financial Summary (Actual - 2025)

Annual (CAD) Annual Per AC (CAD)
Taxes $8,756 $42,381.09
Operating Expenses - -
Total Expenses $8,756 $42,381.09

Financial Summary (Actual - 2025)

Taxes (CAD)
Annual $8,756
Annual Per AC $42,381.09
Operating Expenses (CAD)
Annual -
Annual Per AC -
Total Expenses (CAD)
Annual $8,756
Annual Per AC $42,381.09

Property Facts

Price $310,201 CAD
Sale Type Investment or Owner User
Sale Condition Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Multifamily
  • Apartment Units
  • Apartment Units - Condo
  • Apartment Units - Dorms
  • Apartment Units - Senior
Total Lot Size 0.21 AC
Opportunity Zone Yes
Zoning RS-3, RT-4, RM-5 - Single-family residential district allowing detached homes, two-flats, townhomes and upzoning allowing higher-density multi-unit building.

1 Lot Available

Lot

Price $310,201 CAD
Price Per AC $1,501,368.48 CAD
Lot Size 0.21 AC

Prime Bronzeville double lot, 50x180 (approx. 9,147 SF), zoned RS-3 with ADU potential and possible up-zoning for greater density. Surrounded by new construction, strong growth, transit, parks, and Hyde Park amenities-an outstanding development.

Moderately walkable
70/100
Very drivable
80/100
Strong public transit
80/100
Exceptionally bikeable
90/100

Property Taxes

Property Taxes

Parcel Number
20-10-315-003-0000
Land Assessment
$43,627 CAD
Improvements Assessment
$0 CAD
Total Assessment
$43,627 CAD
Annual Taxes
$8,756 CAD
Tax Year
2025
  • Listing ID: 40095753

  • Date on Market: 2026-04-09

  • Last Updated:

  • Address: 5415 Prairie Ave, Chicago, IL 60615

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