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$78,000

1556 S Homan Ave, Chicago, IL 60623

--beds

--baths

0.26Acres

Unimproved Land

Built in ----

0.26 Acres Lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Great opportunity for builders and investors. This standard 25x125 lot offers strong redevelopment potential in a neighborhood seeing steady revitalization. Motivated seller is open to creative concepts and project partnerships. Bring your plans and take advantage of this value-priced site.

45 days

17

4

Facts & features

Property

Features

Frontage length: 51FT

Lot

Size: 0.26 Acres
Dimensions: 50X225

Details

Parcel number: 16232250420000
Special conditions: Contact Agent about Title

Utilities & green energy

Utilities for property: Electricity Nearby, Natural Gas Nearby, Water Nearby

Community & HOA

Location

Region: Chicago

Financial & listing details

Tax assessed value: $78,000
Annual tax amount: $2,541
Date on market: 6/18/2026
Ownership: Fee Simple
Road surface type: Concrete, Gravel

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
6/18/2026	Listed for sale	$78,000
Source: MRED as distributed by MLS GRID #12681565 Report a problem
3/10/2026	Listing removed	$78,000
Source: EXIT Realty broker feed #12529468 Report a problem
12/8/2025	Listed for sale	$78,000
Source: MRED as distributed by MLS GRID #12529468 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$1,573 -38.1%	$7,800 -35%
2023	$2,541 +2.6%	$12,000
2022	$2,477 +2.3%	$12,000
2021	$2,421 -9.7%	$12,000
2020	$2,682 +10.9%	$12,000
2019	$2,419 +1.7%	$12,000
2018	$2,378 +7.9%	$12,000 +17.6%
2017	$2,203 +7.8%	$10,200
2016	$2,043 +9.3%	$10,200
2015	$1,869 -1.2%	$10,200
2014	$1,892 +2%	$10,200
2013	$1,855	$10,200

Find assessor info on the county website

Monthly payment

Estimated monthly payment$1,822

Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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Climate risks

Neighborhood: Lawndale

Getting around

74 / 100

Very Walkable

66 / 100

Good Transit

72 / 100

Very Bikeable

Nearby schools

GreatSchools rating

4/10
Johnson Elementary School
Grades: PK-8Distance: 0.4 mi
NA
Manley Career Academy High School
Grades: 9-12Distance: 0.9 mi

Schools provided by the listing agent

District: 299

Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.