Vacant Commercial Lot with B3-2
For Sale
$70,000
4118 West 16th Street, Chicago, IL 60623
Vacant lot zoned B3-2, supporting commercial uses and residential units above commercial space.
Property SizeContact for details
Days on Market64
Property Features for 4118 West 16th Street
General Information
Standard status
Active
Property subtype
Land
Taxes and HOA fees
Annual Taxes
$1,372
Listing Agency:
Realistic Realty LLC
(312) 520-7855
Listed By:
Nima Shams · License #475178819
(312) 520-7855
Source:
Compass
Added: Jun 7
Changed: Aug 8
Last Checked: Jul 12 at 2:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realistic Realty LLC
Investment Insights
Based on property information with market context.
This vacant commercial lot is positioned for development under B3-2 Community Shopping District zoning. The zoning supports a range of commercial uses, including retail, office, and service uses, and it also allows residential units above commercial space for mixed-use projects.
The property is located along a commercial corridor and is described as having convenient access to public transportation and major roadways.
The seller also notes that the adjacent lot at 4112 W 16th Street is for sale, which may support an expanded development footprint depending on the buyer’s plan.
The property is located along a commercial corridor and is described as having convenient access to public transportation and major roadways.
The seller also notes that the adjacent lot at 4112 W 16th Street is for sale, which may support an expanded development footprint depending on the buyer’s plan.
Key Highlights
- Vacant lot in Chicago’s North Lawndale neighborhood.
- Zoned B3‑2 Community Shopping District for commercial uses and residential units above commercial space.
- Suitable for retail storefronts, professional offices, service uses, or mixed‑use development.
Property Analytics
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 zoned B3-2, supporting commercial uses and residential units above commercial space.
Where is this commercial land located?
The property is located at 4118 West 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.; Zoned B3‑2 Community Shopping District for commercial uses and residential units above commercial space.; Suitable for retail storefronts, professional offices, service uses, or mixed‑use development.
