4118 W 16th Street, Chicago, IL 60623

Listing agent Nima Shams License #475178819 Show Phone

Listing office Realistic Realty LLC E***@gmail.com 4450 N Central Ave., Chicago, IL Show Phone

Listing date Jun 22, 2026

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MLS# 12684425 Listing URL

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.

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Overview

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.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

Location Insight

• Map
• Local Demand

City

Chicago

County

Cook

State

Illinois

Longitude

-87.728241

Latitude

41.859058

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FAQs

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