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    1518 S Homan Ave Chicago, IL 60623

    Sponsored
    Picture of Land at S Homan Ave 1518, Chicago, IL
    For Sale
    $40,000

    LAND - Chicago, IL

    Days on Market:
    26
    Last Refresh:
    Jan 8 at 3:06 pm

    Property Features for 1518 S Homan Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    16232250280000

    Exit Strategy Realty (312) 493-0920 [email protected]

    Listing agent Bridget Johnson (312) 671-8554

    Listing date Dec 14, 2025

    MLS# 12529425 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

    Vacant Lot in North Lawndale

    This vacant lot is located in a redeveloping area of North Lawndale in Chicago, Illinois. The property is suitable for new construction or investment purposes. The seller is motivated and open to collaboration on development projects.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.710716
    Latitude
    41.860251

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    FAQs

    What type of property is this?
    Land - Vacant land ideal for new construction or investment.
    Where is this land located?
    The property is located at 1518 S Homan Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $40,000.
    What are key features of this property?
    This property features: - Vacant lot ideal for new construction.; - Located in a redeveloping area of North Lawndale.; - Investment opportunity.
    (312) 671-8554
    Request Owner's contact information
    1518 S Homan Ave Chicago, IL 60623
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    Chicago, IL 60623
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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
    1518 S Homan Ave Chicago, IL 60623
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