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Mixed-Use Land for Sale in Chicago, Illinois

4118 W 16th St, Chicago, IL 60623

$70,000
0.12 acres
Active sale
ago
Est $586/mo

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.

Location

Street address
4118 W 16th St
Zip code
60623
Community
CHI - North Lawndale
Elevation
602 feet
Coordinates
41.8591, -87.7282

Directions

PULASKI TO 16TH STREET WEST TO PROPERTY

Property details

Lot size
0.119 acres5,184 sq ft
MLS #
MRED 12684425
Posted

Property taxes

2024
$1,372

Parcels

  • 16222280370000

Details and features

Listing

Type
Land
Franchise
ERA Real Estate

Listing history

DateEventPriceChangeSource
June 22, 2026New listing$70,000MRED
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This 0.119-acre property is located at 4118 W 16th St in Chicago, IL 60623. The land is available for sale, priced at $70,000.

Listed by Realistic Realty, (773) 671-6857

Checked 1 hour agoUpdated Source

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