Zoned Commercial Land for
For Sale
$70,000
4118 W 16th Street, Chicago, IL 60623
LAND - Chicago, IL
Property SizeContact for details
Days on Market49
Property Features for 4118 W 16th Street
General Information
Property type
Land
Property subtype
Other
Elementary school district
299
Middle school district
299
High school district
299
Directions
PULASKI TO 16TH STREET WEST TO PROPERTY
Subdivision
CHI - North Lawndale
Standard status
Active
APN
16222280370000
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
1372
Listing Agency:
Realistic Realty LLC · ERA Real Estate
(773) 671-6857
Listed By:
Nima Shams · License #475178819
(773) 671-6857
Added: Jun 22
Last Checked: Aug 9 at 10:06PM
MLS# 12684425
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This offering is a vacant commercial lot at 4118 W 16th Street in Chicago, IL 60623. The property is zoned B3-2 Community Shopping District, providing flexibility for a variety of development concepts. The B3-2 designation supports multiple commercial uses and also allows residential units above commercial space, which can support mixed-use planning.
The site is positioned along a busy commercial corridor with visibility and convenient access to public transportation and major roadways, supporting both pedestrian and vehicle activity.
For buyers and developers, the B3-2 zoning makes the land suitable for concepts that combine ground-floor commercial activity with potential residential use above. It may also be considered for retail, office, service, or other commercial development consistent with the B3-2 Community Shopping District zoning framework. An adjacent lot at 4112 W 16th Street is also for sale, which may allow for expanded assemblage depending on the buyer’s plans.
The site is positioned along a busy commercial corridor with visibility and convenient access to public transportation and major roadways, supporting both pedestrian and vehicle activity.
For buyers and developers, the B3-2 zoning makes the land suitable for concepts that combine ground-floor commercial activity with potential residential use above. It may also be considered for retail, office, service, or other commercial development consistent with the B3-2 Community Shopping District zoning framework. An adjacent lot at 4112 W 16th Street is also for sale, which may allow for expanded assemblage depending on the buyer’s plans.
Key Highlights
- Vacant lot in Chicago’s North Lawndale neighborhood, suitable for new development
- Zoned B3‑2 Community Shopping District, supporting retail, office, service, and commercial uses
- B3‑2 zoning also allows residential units above commercial space for mixed‑use development
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,190
Businesses Nearby
Explore this area
Business Placement
Demographics for 60623, IL
87,649
Population
31,300
Households
2.8
Avg Household Size
32
Median Age
14%
College-Educated
69%
High-School Grad
5.4 sq mi
ZIP Area
16,231
Density / Sq Mi
$44,040
Median Household Income
$32,642
Median Earnings
$1,054
Median Rent
$221,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Vacant lot in Chicago zoned B3-2, supporting a range of commercial and mixed-use development options.
Where is this commercial land located?
The property is located at 4118 W 16th Street Chicago, IL.
What is the asking price?
The asking price for this property is $70,000.
What are key features of this property?
This property features: Vacant lot in Chicago’s North Lawndale neighborhood, suitable for new development; Zoned B3‑2 Community Shopping District, supporting retail, office, service, and commercial uses; B3‑2 zoning also allows residential units above commercial space for mixed‑use development
