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Land · Chicago, IL
$70,000
beds · baths
4118 W 16th Street, Chicago, IL, 60623
A brick-and-mortar place to make your own — room to make it home.
Active

What’s special

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.
— the listing agent’s description

The home

Lot 48x109
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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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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