Zoned B3-2 Vacant Development
For Sale
$70,000
4112 W 16th Street, Chicago, IL 60623
LAND - Chicago, IL
Property SizeContact for details
Lot Size0.12 Acres
Days on Market49
Property Features for 4112 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
16222280380000
Lot size
0.12 Acres
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
Changed: Jun 23
Last Checked: Aug 9 at 11:06PM
MLS# 12684399
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 measuring 48' x 108.5', presented for development in the B3-2 Community Shopping District. The property is specifically positioned for flexibility in design and use, including the ability to support residential units above ground-floor commercial space alongside retail, service, office, and other commercial uses.
Located in Chicago’s North Lawndale community, the site is described as being on a high-visibility corridor with convenient access to public transportation and major thoroughfares. The listing also notes nearby neighborhood amenities and a strong residential customer base.
For tenants, developers, or owner-users looking for a live-work or mixed-use format, the B3-2 zoning framework can accommodate projects that pair ground-floor commercial activity with residential above. The owner also indicates an adjacent lot at 4118 W 16th St is available for purchase as well, which may support larger site planning if you are considering a combined development strategy.
Located in Chicago’s North Lawndale community, the site is described as being on a high-visibility corridor with convenient access to public transportation and major thoroughfares. The listing also notes nearby neighborhood amenities and a strong residential customer base.
For tenants, developers, or owner-users looking for a live-work or mixed-use format, the B3-2 zoning framework can accommodate projects that pair ground-floor commercial activity with residential above. The owner also indicates an adjacent lot at 4118 W 16th St is available for purchase as well, which may support larger site planning if you are considering a combined development strategy.
Key Highlights
- 48' x 108.5' vacant lot in Chicago’s North Lawndale community
- Zoned B3‑2 Community Shopping District
- B3‑2 zoning supports a wide range of retail, service, office, and commercial uses
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 parcel in a B3-2 Community Shopping District with zoning flexibility for commercial or mixed-use development.
Where is this commercial land located?
The property is located at 4112 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: 48' x 108.5' vacant lot in Chicago’s North Lawndale community; Zoned B3‑2 Community Shopping District; B3‑2 zoning supports a wide range of retail, service, office, and commercial uses
