5755 Calumet Ave 0.28 Acres of Residential Land Offered at $175,000 in Chicago, IL 60637

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.