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.
Active
$50,000
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
- 20 days
- 52
- 6
Zillow last checked:
Listing updated:
Listed by:
Nima Shams 312-520-7855,
Realistic Realty LLC
Source: MRED as distributed by MLS GRID,MLS#: 12763215
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: $1,417
- Date on market: 9/18/2026
- Ownership: Fee Simple
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/18/2026 | Listed for sale | $50,000-28.6% |
Source: | ||
| 9/18/2026 | Listing removed | $70,000 |
Source: | ||
| 6/22/2026 | Listed for sale | $70,000 |
Source: | ||
| 10/17/2024 | Listing removed | $70,000 |
Source: | ||
| 10/11/2024 | Listed for sale | $70,000-6.7% |
Source: | ||
| 4/22/2022 | Listing removed | -- |
Source: | ||
| 10/4/2021 | Price change | $75,000+30.4% |
Source: | ||
| 10/1/2021 | Listed for sale | $57,500+19.8% |
Source: | ||
| 7/4/2020 | Listing removed | $48,000 |
Source: New York Statewide MLS #10574183 Report a problem | ||
| 3/27/2018 | Listed for sale | $48,000 |
Source: CENTURY 21 Universal Real Estate #09116391 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,372 -38.1% | $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



