Date
Details
Price
Change
Source
11/24/2025
Listed
$639,999
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$639,999
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Property Description
Well-maintained mixed-use investment opportunity in North Lawndale! This property features a fully operational restaurant on the main level and three residential units above. Two of the three 2-bedroom units are currently occupied, generating income from day one, with the third ready for lease or updates as needed. The building offers solid interior and exterior condition, functional systems, and a layout ideal for long-term rental or portfolio expansion. Conveniently located near neighborhood amenities, transit, and local business corridors. Property is being sold with tenants' rights respected.
Full Property Details
Full Property Details for 3602 W 16th St
General
- Price: $639,999
- Taxes: $4,436 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12522997
- Updated: 1/11/2026
- Added to Site: 53 day(s) ago
Rental Information
- Lease Terms: 06/26
Additional Information
- Security/Safety: Smoke or Fire Protectors
Location
- Area: CHI - North Lawndale
- County: Cook
- Township: West Chicago
- Driving Directions: Central Park to 16th Street
- Location Details: Chicago West, Mixed-Use Area
Heating & Cooling
- Cooling Type: None
- Heating Type: Forced Air
Utilities
- Trash: 1836
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Roof: Tar/Gravel
- Stories/Levels: 2
- Square Feet: 3,726
- # of Stores: 1
- Year Built: 1911
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 2,500
- Lot Dimensions: 25 x 99.8
- Frontage: City Street
- Potential Use: Commercial
Financial Considerations
- Insurance Fee: $497
- Other Fee: $1,860
- Security Deposit: Smoke or Fire Protectors
- Assessment Year: 1911
- Tax Amount: $4,436.32
- Tax Year: 2024
- Tenant Pays: All Utilities
- Pays Electric: 5854
- Pays Trash: 1836
Disclosures and Reports
- Property ID: 16231290410000
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.
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Schools
Schools serving 3602 W 16th St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Dvorak Technology Acad Elementary School 3615 West 16th Street, Chicago, IL 60623 | K-8 | 0 mi |
Farragut Career Academy High School 2345 South Christiana Avenue, Chicago, IL 60623 | 9-11 | 0.8 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 3602 W 16th St
Tax History
Tax History for 3602 W 16th St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$2,011
3%
$9,499
—
2022
$1,960
2%
$9,499
—
2021
$1,916
-21%
$9,499
-13%
2020
$2,433
-4%
$10,884
-13%
2019
$2,522
227%
$12,511
221%
2018
$772
-18%
$3,894
-10%
2017
$936
8%
$4,331
—
2016
$867
9%
$4,331
—
2015
$794
4%
$4,331
5%
2014
$762
2%
$4,106
—
2013
$747
-78%
$4,106
-78%
2012
$3,331
—
$18,560
—
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 3602 W 16th St
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- Condo / Townhouse
- Active
- Updated 2 days ago
- 2Beds
- 1Total Bath
- 1,100Sq. Ft.
- Single Family
- Active
- Updated 11 hours ago
- 6Beds
- 2Total Baths
- 1,400Sq. Ft.
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3602 W 16th Street, Chicago, IL 60623 (MLS# 12522997) is a Commercial property. 3602 W 16th Street is currently listed for $639,999 and was received on November 24, 2025. This property is listed by Anthony Kirkland from our Oak Lawn Office.Want to learn more about 3602 W 16th Street? Do you have questions about finding other Commercial 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.