Rare opportunity to acquire a 48' x 108.5' vacant lot in the heart of Chicago's vibrant North Lawndale community. Zoned B3-2 Community Shopping District, this site offers exceptional flexibility for commercial, mixed-use, and residential development opportunities. B3-2 zoning permits a wide range of retail, service, office, and commercial uses, while also allowing residential units above ground-floor commercial space, making it ideal for investors, developers, and owner-users seeking a live/work or income-producing project. Situated on a high-visibility corridor with convenient access to public transportation, major thoroughfares, neighborhood amenities, and a strong residential customer base, this property is well-positioned for future growth and redevelopment. Whether you're planning retail storefronts, professional offices, mixed-use apartments, or a custom commercial project, this oversized lot provides the space and zoning flexibility to bring your vision to life. Adjacent lot located at 4118 W 16th St is also for sale. Don't miss this exceptional opportunity to invest in one of Chicago's most active and evolving neighborhoods
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Zillow last checked:
Listing updated:
Listed by:
Nima Shams312-520-7855,
Realistic Realty LLC
Source: MRED as distributed by MLS GRID,MLS#: 12684399
Facts & features
Property
Features
Frontage length: 48
Lot
Size: 5,208 Square Feet
Dimensions: 48x108.5
Details
Parcel number: 16222280380000
Special conditions: None
Utilities & green energy
Utilities for property: Unknown (verify)
Community & HOA
Location
Region: Chicago
Financial & listing details
Tax assessed value: $68,020
Annual tax amount: $1,371
Date on market: 6/22/2026
Ownership: Fee Simple
Road surface type: Asphalt
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
$1,323/mo
Price history
Date
Event
Price
6/22/2026
Listed for sale
$70,000
Source: MRED as distributed by MLS GRID #12684399Report a problem
10/17/2024
Listing removed
$70,000
Source: MRED as distributed by MLS GRID #12186071Report a problem
10/11/2024
Listed for sale
$70,000-6.7%
Source: MRED as distributed by MLS GRID #12186071Report a problem
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.