About This Home

This land at 4118 W 16th Street in Chicago, IL is listed for $50,000 (N/A).

Listing Description

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

4118 W 16th Street

Chicago, IL 60623

Questions & Answers

This 0-bedroom, 0-bathroom land at 4118 W 16th Street is listed at $50,000. The estimated monthly payment is $268 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

This property is listed by Nima Shams.

NS

Nima Shams

Agent at Realistic Realty LLC

Listed by Realistic Realty LLC · Broker phone: (773) 671-6857 · View on Broker Site · Broker website

MLS# 12763215· Source: Midwest Real Estate Data, LLC· 41 days on PropertySimple

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

4118 W 16th Street, Chicago, IL 60623

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