Prime development opportunity on Chicago's West Side! This vacant lot offers 4987 sq ft of land with excellent visibility along Madison Street. Zoned B3-2, 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
$30,000
4718 W Madison St, Chicago, IL 60644
--beds
--baths
4,988Square Feet
Unimproved Land
Built in ----
4,988 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 272 days
- 10
- 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#: 12523940
Facts & features
Property
Features
- Frontage type: Paved
- Frontage length: 29
Lot
- Size: 4,988 Square Feet
- Dimensions: 29x172
Details
- Parcel number: 16103280320000
- 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: $64,830
- Annual tax amount: $1,236
- Date on market: 1/8/2026
- Ownership: Fee Simple
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/29/2026 | Price change | $30,000 |
Source:  MRED as distributed by MLS GRID #12523940 Report a problem | ||
| 4/30/2026 | Price change | -- |
Source: MRED as distributed by MLS GRID #12523940 Report a problem | ||
| 4/23/2026 | Price change | $30,000-78.6% |
Source: MRED as distributed by MLS GRID #12523940 Report a problem | ||
| 1/8/2026 | Listed for sale | $140,000+300% |
Source: MRED as distributed by MLS GRID #12523940 Report a problem | ||
| 6/9/2023 | Listing removed | -- |
Source: MRED as distributed by MLS GRID #11732560 Report a problem | ||
| 3/7/2023 | Listed for sale | $35,000 |
Source: MRED as distributed by MLS GRID #11732560 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,302 +5.4% | $6,483 +10.7% |
| 2023 | $1,236 +2.6% | $5,859 |
| 2022 | $1,205 +2.3% | $5,859 |
| 2021 | $1,178 -9.7% | $5,859 |
| 2020 | $1,305 +10.9% | $5,859 |
| 2019 | $1,177 +1.7% | $5,859 |
| 2018 | $1,157 +2.7% | $5,859 +11.9% |
| 2017 | $1,127 +7.5% | $5,236 |
| 2016 | $1,049 +9.3% | $5,236 |
| 2015 | $959 +3.7% | $5,236 +5% |
| 2014 | $925 -20.5% | $4,987 -22.1% |
| 2013 | $1,164 +1.4% | $6,401 |
| 2012 | $1,149 -16.9% | $6,401 -25% |
| 2011 | $1,383 -0.4% | $8,532 |
| 2010 | $1,388 +4.4% | $8,532 |
| 2009 | $1,330 -61.6% | $8,532 -64.7% |
| 2008 | $3,465 +1% | $24,153 |
| 2007 | $3,430 -1.1% | $24,153 |
| 2006 | $3,467 +66.3% | $24,153 +53.9% |
| 2005 | $2,085 +90.7% | $15,689 |
| 2004 | $1,093 +2.7% | $15,689 |
| 2003 | $1,065 +5.5% | $15,689 +73.7% |
| 2002 | $1,009 -1% | $9,034 |
| 2001 | $1,019 +67.5% | $9,034 |
| 2000 | $608 | $9,034 +51% |
| 1999 | -- | $5,981 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: West Garfield Park
Nearby schools
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