Prime South Side Development Opportunity: Unlock the potential at 5647 S. Peoria. This 4,500 sq ft vacant lot offers a rare opportunity for builders, developers, and forward-thinking investors ready to capitalize on Chicago's ongoing growth and revitalization. Positioned in an established South Side corridor, this parcel provides the flexibility to bring new construction to life-whether you're planning a single-family residence, investment build, or long-term hold strategy. With a generous lot footprint and strong development upside, this property presents a clear path for value creation. Located near major transportation routes, neighborhood amenities, and ongoing area improvements, the lot sits in a community where demand for quality housing continues to grow. Utilities and infrastructure are accessible within the surrounding area, making this an ideal candidate for your next project. Vacant land in Chicago with this type of development potential does not stay available for long. Secure your position, design your vision, and build with confidence. Drive by today and imagine the possibilities-then submit your offer.
Active
$40,000
5647 S Peoria St, Chicago, IL 60621
--beds
--baths
4,500Square Feet
Unimproved Land
Built in ----
4,500 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 225 days
- 11
- 1
Zillow last checked:
Listing updated:
Listed by:
Elijah Reese, ABR,MRP,PSA,SRS 312-848-2947,
Serene Realty, Inc.,
Vadie Reese, BPOR,SFR,SRES,SRS,
Serene Realty, Inc.
Source: MRED as distributed by MLS GRID,MLS#: 12576652
Facts & features
Interior
Appliances
- Laundry: None
Features
- Basement: None
Property
Features
- Frontage length: 36
Lot
- Size: 4,500 Square Feet
Details
- Parcel number: 20172140140000
- Special conditions: None
Utilities & green energy
- Utilities for property: None
Community & HOA
Location
- Region: Chicago
Financial & listing details
- Tax assessed value: $13,500
- Annual tax amount: $617
- Date on market: 2/25/2026
- Ownership: Fee Simple
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 2/25/2026 | Listed for sale | $40,000+207.7% |
Source: | ||
| 9/9/2004 | Sold | $13,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $271 -56.1% | $1,350 -53.8% |
| 2023 | $617 +2.6% | $2,925 |
| 2022 | $602 +2.3% | $2,925 |
| 2021 | $588 -9.7% | $2,925 |
| 2020 | $652 +10.9% | $2,925 |
| 2019 | $588 +1.7% | $2,925 |
| 2018 | $578 -0.6% | $2,925 +8.3% |
| 2017 | $581 +7.5% | $2,700 |
| 2016 | $541 +9.3% | $2,700 |
| 2015 | $495 +7.7% | $2,700 +9.1% |
| 2014 | $459 +2% | $2,475 |
| 2013 | $450 | $2,475 |
Find assessor info on the county website



