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$40,000
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Property Description
vacant lot in a redeveloping pocket of North Lawndale. Ideal for new construction or investment. Motivated seller and open to collaboration on development projects. Drive by and bring your ideas.
Full Property Details
Full Property Details for 1518 S Homan Ave
General
- Price: $40,000
- Taxes: $777 (2024)
- Status: Active
- Type: Lots/Land
- Source: MRED
- MLS ID: 12529425
- Updated: 12/14/2025
- Added to Site: 40 day(s) ago
Location
- Area: CHI - North Lawndale
- County: Cook
- Township: West Chicago
- Driving Directions: Homan Ave south of 16th St to property. Lot is on the west side of the street.
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
Utilities
- Onsite: Electricity Nearby, Natural Gas Nearby, Water Nearby
Structural Information
- Current Bldg. Use: Multi-Family, Single Family
Lot Features
- Lot Size (Sq. Ft.): 3,125
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 0 x 0
- Frontage: City Street
- Frontage Feet: 23 ft
- Street/Road Desc.: Asphalt
Financial Considerations
- Tax Amount: $777
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 16232250280000
Listed by Exit Strategy Realty
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Schools
Schools serving 1518 S Homan Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Johnson Elementary School, Chicago, IL 1420 South Albany Avenue, Chicago, IL 60623 | PK-8 | 0.4 mi |
Manley Career Academy High School 2935 West Polk Street, Chicago, IL 60612 | 12-11 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1518 S Homan Ave
Date
Details
Price
Change
Source
12/08/2025
Listed
$40,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1518 S Homan Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$777
3%
$3,671
—
2022
$758
2%
$3,671
—
2021
$741
-10%
$3,671
—
2020
$820
11%
$3,671
—
2019
$740
2%
$3,671
—
2018
$728
3%
$3,671
12%
2017
$709
8%
$3,281
—
2016
$657
9%
$3,281
—
2015
$601
4%
$3,281
5%
2014
$580
2%
$3,125
—
2013
$568
1%
$3,125
—
2012
$561
—
$3,125
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1518 S Homan Ave
1518 S Homan Avenue, Chicago, IL 60623 (MLS# 12529425) is a Lots/Land property with a lot size of acres. 1518 S Homan Avenue is currently listed for $40,000 and was received on December 08, 2025. Want to learn more about 1518 S Homan Avenue? Do you have questions about finding other Lots/Land real estate for sale in North Lawndale? You can browse all North Lawndale real estate or contact a Coldwell Banker agent to request more information.

