
Mixed-Use Land for Sale in Chicago, Illinois
4118 W 16th St, Chicago, IL 60623
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
- County
- Cook County
- Zip code
- 60623
- Community
- CHI - North Lawndale
- Elevation
- 602 feet
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
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| June 22, 2026 | New listing | $70,000 | — | MRED |