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$40,000
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Property Description
Prime vacant lot ready for new construction or long-term investment. Motivated seller offering owner financing and willing to collaborate on the right project. Bring your plans and explore creative possibilities.
Full Property Details
Full Property Details for 1518 S Homan Ave
General
- Price: $40,000
- Taxes: $777 (2023)
- Status: Active
- Type: Lots/Land
- Source: MRED
- MLS ID: 12681525
- Updated: 6/23/2026
- Added to Site: 19 day(s) ago
Location
- Area: CHI - North Lawndale
- County: Cook
- Township: West Chicago
- Driving Directions: Take Roosevelt Rd. to Homan Ave., then head south on Homan Ave. to the property.
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: 25 x 125
- Frontage: City Street
- Frontage Feet: 23 ft
- Street/Road Desc.: Asphalt
Financial Considerations
- Tax Amount: $777
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: Contact Agent about Title
- Property ID: 16232250280000
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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 ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Tax History
Tax History for 1518 S Homan Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$777
—
$4,531
23%
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# 12681525) 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 June 17, 2026. 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.

