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Active
    • $70,000

    4118 W 16th St, Chicago, IL 60623

    --beds
    --baths
    5,232Square Feet
    Unimproved Land
    Built in ----
    5,232 Square Feet Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Strategically located vacant lot
    Unlock the potential of this strategically located vacant lot in Chicago's thriving North Lawndale neighborhood. Zoned B3-2 Community Shopping District, this property offers tremendous flexibility for a variety of commercial, mixed-use, and residential development opportunities. Whether you're an investor, developer, or business owner, this site provides the ideal foundation for your next project. The B3-2 zoning designation supports retail, office, service, and commercial uses, while also allowing residential units above commercial space, making it well-suited for mixed-use development. Situated along a busy commercial corridor with excellent visibility, strong neighborhood demographics, and convenient access to public transportation and major roadways, this property benefits from consistent foot and vehicle traffic. Take advantage of the area's ongoing growth and revitalization while securing a valuable piece of real estate in one of Chicago's most active neighborhoods. Ideal for retail storefronts, professional offices, multi-unit residential development, or a custom mixed-use investment. Also, the adjacent lot 4112 W 16th Street is for sale. An exceptional opportunity to build and invest in the future of North Lawndale.
    16 days
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    45
    |
    8
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    Zillow last checked:

    Listing updated:

    Listed by:

    Nima Shams 312-520-7855,

    Realistic Realty LLC

    Source: MRED as distributed by MLS GRID,MLS#: 12684425MLS Logo

      Facts & features

      Property

      Features
      • Frontage length: 48
      Lot
      • Size: 5,232 Square Feet
      • Dimensions: 48x109
      Details
      • Parcel number: 16222280370000
      • 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

        Not available

        Estimated sales range

        Not available

        $1,323/mo

        Price history

        DateEventPrice
        6/22/2026Listed for sale$70,000
        Source: MRED as distributed by MLS GRID #12684425 Report a problem
        10/17/2024Listing removed$70,000
        Source: MRED as distributed by MLS GRID #12186065 Report a problem
        10/11/2024Listed for sale$70,000-6.7%
        Source: MRED as distributed by MLS GRID #12186065 Report a problem
        4/22/2022Listing removed--
        Source: My State MLS Report a problem
        10/4/2021Price change$75,000+30.4%
        Source: My State MLS #10920511 Report a problem
        10/1/2021Listed for sale$57,500+19.8%
        Source: My State MLS #10920511 Report a problem
        7/4/2020Listing removed$48,000
        Source: New York Statewide MLS #10574183 Report a problem
        3/27/2018Listed for sale$48,000
        Source: CENTURY 21 Universal Real Estate #09116391 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024-- $6,802 -35%
        2023$2,215 +2.6%$10,464
        2022$2,160 +2.3%$10,464
        2021$2,111 -9.7%$10,464
        2020$2,339 +10.9%$10,464
        2019$2,109 +1.7%$10,464
        2018$2,074 +7.9%$10,464 +17.7%
        2017$1,921 +7.8%$8,894
        2016$1,781 +9.3%$8,894
        2015$1,630 -1.2%$8,894
        2014$1,650 +2%$8,894
        2013$1,618 $8,894

        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        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.
        See how much you could borrow to make a competitive offer.
        Get pre-qualified

        Climate risks

        Neighborhood: Lawndale

        Getting around

        67 / 100
        Somewhat Walkable
        64 / 100
        Good Transit
        56 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        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.

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