B3-2 Commercial Development
For Sale
$50,000
4118 W 16th Street, Chicago, IL 60623
Land, Chicago, IL
Property SizeContact for details
Days on Market8
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
2025
Tax Annual Amount
1418
Listing Agency:
Realistic Realty LLC · ERA Real Estate
(773) 671-6857
Listed By:
Nima Shams · License #475178819
(312) 520-7855
Added: Sep 17
Last Checked: Sep 24 at 5:06PM
MLS# 12763215
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 vacant commercial land parcel is located at 4118 W 16th Street in Chicago’s North Lawndale neighborhood. The site carries B3-2 Community Shopping District zoning, with the source information identifying retail, office, service, commercial, and mixed-use development possibilities, including residential units above commercial space.
The property sits along a commercial corridor with access to public transportation and major roadways. Its stated development applications include retail storefronts, professional offices, multi-unit residential construction, and custom mixed-use projects. The adjacent lot at 4112 W 16th Street is also offered for sale, providing a separately available neighboring parcel for consideration.
The property sits along a commercial corridor with access to public transportation and major roadways. Its stated development applications include retail storefronts, professional offices, multi-unit residential construction, and custom mixed-use projects. The adjacent lot at 4112 W 16th Street is also offered for sale, providing a separately available neighboring parcel for consideration.
Key Highlights
- B3‑2 Community Shopping District zoning
- Vacant commercial land at 4118 W 16th Street, Chicago, IL 60623
- Retail, office, service, commercial, and mixed‑use development possibilities
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,124
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
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Frequently Asked Questions
What type of property is this?
Commercial land - Vacant B3-2 site along a commercial corridor with access to public transportation and major roadways.
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 $50,000.
What are key features of this property?
This property features: B3‑2 Community Shopping District zoning; Vacant commercial land at 4118 W 16th Street, Chicago, IL 60623; Retail, office, service, commercial, and mixed‑use development possibilities
