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    1116 W 18Th St Chicago, IL 60608

    For Sale
    $482,000

    Land - Chicago, IL

    Days on Market:
    75
    Last Refresh:
    Dec 7 at 2:06 am

    Property Features for 1116 W 18Th St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    17204010510000

    Building Details

    Architectural style
    Other

    REMAX Premier (312) 656-4584 [email protected]

    Listing agent Brenda Martinez (773) 435-1600 License #475199536

    Listing date Sep 24, 2025

    MLS# 12476410 Listing URL

    Copyright © 2025 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.

    Overview

    Pilsen Vacant Lot For Sale

    This vacant lot, measuring 25x125, is available for sale in the Pilsen neighborhood of Chicago. The property is zoned C1-2, which allows for a mix of uses, including commercial, retail, and apartments. The location is near the UIC, Medical District, and Halsted Street Art Galleries. It is also near Taylor Street Restaurants and a 15-minute walk to the Pink Line. The C1-2 zoning permits a range of businesses not allowed in B zone districts, such as liquor stores, warehouses, and auto shops. The seller may consider selling the lot next door.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Daycare Center Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6542327
    Latitude
    41.8582196

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    FAQs

    What type of property is this?
    Land - Vacant lot in Pilsen ready for development, zoned C1-2.
    Where is this land located?
    The property is located at 1116 W 18Th St Chicago, IL.
    What is the asking price?
    The asking price for this property is $482,000.
    What are key features of this property?
    This property features: - Prime location on 18th Street in Pilsen, a culturally rich Chicago neighborhood.; - Zoned C1-2, allowing for mixed-use development: commercial, retail, or apartments.; - Vacant 25X125 lot ready for immediate development.
    (773) 435-1600
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    Chicago, IL 60608
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1116 W 18Th St Chicago, IL 60608
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