Land for Sale in Chicago, Illinois
1355 W 16th St, Chicago, IL 60608
Unlock immediate development potential in the highly sought-after Pilsen neighborhood! This exceptional 110' x 25' lot boasts a prime location with unparalleled access to Pilsen's vibrant attractions, including convenient transportation, diverse dining, thriving art galleries, and rich culture. Already up-zoned to RM 4.5, this shovel-ready site comes with approved designs and permits for a lucrative 3-unit apartment/condo building, recently appraised at $1.2 million. Imagine breaking ground immediately and capitalizing on this prime Chicago location. Even better, explore the opportunity to develop 4 units, maximizing your investment potentially. Seller financing is available to further facilitate your success, making this an unmissable chance to establish a significant residential presence in one of Chicago's most dynamic communities. Don't miss out on this rare Pilsen development gem!
Location
- Street address
- 1355 W 16th St
- County
- Cook County
- Community
- CHI - Lower West Side
- Elevation
- 600 feet
Directions
16Th St East Of Ashland To Property
Property details
- Lot size
- 0.064 acres2,788 sq ft
- MLS #
- MRED 12372696
- Posted
Property taxes
- 2023
- $7,191
Parcels
- 17203040020000
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Dec 4, 2025 | Under contract | $259,500 | — | MRED |
| Oct 21, 2025 | Back on market | $259,500 | — | MRED |
| Sept 29, 2025 | Under contract | $259,500 | — | MRED |
| May 22, 2025 | New listing | $259,500 | — | MRED |