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$70,000
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Property 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.
Full Property Details
Full Property Details for 4118 W 16th St
General
- Price: $70,000
- Taxes: $1,371 (2024)
- Status: Active
- Type: Lots/Land
- Source: MRED
- MLS ID: 12684425
- Updated: 6/28/2026
- Added to Site: 14 day(s) ago
Additional Information
- Other Features: School Bus Service, Commuter Bus, Commuter Train, Interstate Access
Location
- Area: CHI - North Lawndale
- County: Cook
- Township: West Chicago
- Driving Directions: PULASKI TO 16TH STREET WEST TO PROPERTY
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
Utilities
- Onsite: Unknown (verify)
Lot Features
- Lot Size (Sq. Ft.): 5,232
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 48 x 109
- Frontage: City Street
- Frontage Feet: 48
- Street/Road Desc.: Asphalt
Financial Considerations
- Tax Amount: $1,371.61
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 16222280370000
Listed by Realistic Realty LLC
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Schools
Schools serving 4118 W 16th St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Mason Elementary School 4217 West 18th Street, Chicago, IL 60623 | PK-8 | 0.2 mi |
Infinity Math Science & Tech High School 3120 South Kostner Avenue, Chicago, IL 60623 | 9-12 | 1.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4118 W 16th St
Date
Details
Price
Change
Source
6/22/2026
Listed
$70,000
—
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 4118 W 16th St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$2,215
—
$6,802
-35%
2023
$2,215
3%
$10,464
—
2022
$2,160
2%
$10,464
—
2021
$2,111
-10%
$10,464
—
2020
$2,339
11%
$10,464
—
2019
$2,109
2%
$10,464
—
2018
$2,074
8%
$10,464
18%
2017
$1,921
8%
$8,894
—
2016
$1,781
9%
$8,894
—
2015
$1,630
-1%
$8,894
—
2014
$1,650
2%
$8,894
—
2013
$1,618
1%
$8,894
—
2012
$1,596
—
$8,894
—
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 4118 W 16th St
4118 W 16th Street, Chicago, IL 60623 (MLS# 12684425) is a Lots/Land property with a lot size of acres. 4118 W 16th Street is currently listed for $70,000 and was received on June 22, 2026. Want to learn more about 4118 W 16th Street? 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.

