Prime development opportunity on Chicago's West Side! This vacant lot offers 3125 sq ft of land with excellent visibility along Madison Street. Zoned M-1, allowing for mixed-use, commercial, or multi-unit residential development (buyer to verify). Surrounded by ongoing revitalization, new businesses, parks, public transit, and neighborhood amenities. Perfect for investors, builders, or owners looking to create long-term value in an emerging corridor. Drive by and explore the potential-this is your chance to build in a growing area with strong future upside.
Active
Price increase: $30K (5/29)
$30,000
4716 W Madison St, Chicago, IL 60644
--beds
--baths
3,125Square Feet
Unimproved Land
Built in ----
3,125 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 226 days |
- 21 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
Michael Tanzillo 847-381-9500,
Keller Williams Success Realty
Source: MRED as distributed by MLS GRID,MLS#: 12523877
Facts & features
Property
Features
- Frontage length: 25
Lot
- Size: 3,125 Square Feet
- Dimensions: 25x125
Details
- Parcel number: 16103280330000
- Zoning: COMMR
- Special conditions: None
Utilities & green energy
- Utilities for property: Electricity Nearby, Natural Gas Nearby
Community & HOA
Location
- Region: Chicago
Financial & listing details
- Tax assessed value: $48,910
- Annual tax amount: $516
- Date on market: 1/8/2026
- Ownership: Fee Simple
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
$1,759/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/29/2026 | Price change | $30,000 |
Source:  MRED as distributed by MLS GRID #12523877 Report a problem | ||
| 4/30/2026 | Price change | -- |
Source: MRED as distributed by MLS GRID #12523877 Report a problem | ||
| 4/23/2026 | Price change | $30,000-78.6% |
Source: MRED as distributed by MLS GRID #12523877 Report a problem | ||
| 1/8/2026 | Listed for sale | $140,000-53.3% |
Source: MRED as distributed by MLS GRID #12523877 Report a problem | ||
| 9/8/2005 | Sold | $300,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $983 +90.5% | $4,891 +100% |
| 2023 | $516 +2.6% | $2,445 |
| 2022 | $503 +2.3% | $2,445 |
| 2021 | $492 -9.7% | $2,445 |
| 2020 | $545 +10.9% | $2,445 |
| 2019 | $491 +1.7% | $2,445 |
| 2018 | $483 +8.4% | $2,445 +18.2% |
| 2017 | $445 +7.5% | $2,069 |
| 2016 | $414 +9.3% | $2,069 |
| 2015 | $379 -1.2% | $2,069 |
| 2014 | $384 +2% | $2,069 |
| 2013 | $376 | $2,069 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: West Garfield Park
Nearby schools
GreatSchools rating
- 3/10Spencer Technology Acad Elementary SchoolGrades: PK-8Distance: 0.5 mi
- NAManley Career Academy High SchoolGrades: 9-12Distance: 2.3 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.
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A local agent can set up tours, give advice and negotiate with sellers.
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