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Land · Chicago, IL
$70,000
beds · baths
4112 W 16th Street, Chicago, IL, 60623
A brick-and-mortar place to make your own — room to make it home.
Active

What’s special

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
— the listing agent’s description

The home

Lot 48x108.5
Land

What it’ll cost

$1,372 taxes / yr
No HOA
7 days on dwello

Estimated monthly payment

$506/mo
Principal & interest$372
Property taxes$114
Homeowners insurance$20
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Estimate only — not a loan offer. Example rate; taxes and insurance estimated; your actual rate, payment, taxes, and insurance will vary. dwello is not a lender. Equal Housing Opportunity.
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Tour this home

In person, on your schedule — a dwello agent meets you there.
WED
Jun 3
THU
Jun 4
FRI
Jun 5
SAT
Jun 6
11:00 am
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7 days on dwello
Price history
Listed for sale
Jun 22, 2026
$70,000
Property taxes
2025
Annual tax bill (MLS)
$1,372/yr
Assessed value
2025
County assessor
$6,802
2024
$6,802
2023
$10,464
2022
$10,464
2021
$10,464
2020
$10,464
2019
$10,464
2018
$10,464
Assessed value from the Cook County Assessor (open records). Estimated market ≈ assessed × 10 for residential; not an appraisal — verify with the assessor.
Neighborhood
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Nearby places via OpenStreetMap — approximate; verify what matters to you. Map © Mapbox © OpenStreetMap.
MLS listing dataMRED
Listed by Nima Shams · Realistic Realty LLC
Listing last updated Jun 28, 2026 · data refreshed from the MLS Jun 28, 2026, 5:07 AM CT
Based on information submitted to the MLS GRID as of Jun 28, 2026, 5:07 AM CT. Listing data © MRED LLC, distributed by MLS GRID — deemed reliable but not guaranteed; independently verify. Anything shown below this point is not MLS listing data.
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