Unlock the potential of this strategically located vacant lot in Chicago’s thriving North Lawndale neighborhood. Zoned B3-2 Community Shopping District, this property offers tremendous flexibility for a variety of commercial, mixed-use, and residential development opportunities. Whether you’re an investor, developer, or business owner, this site provides the ideal foundation for your next project. The B3-2 zoning designation supports retail, office, service, and commercial uses, while also allowing residential units above commercial space, making it well-suited for mixed-use development. Situated along a busy commercial corridor with excellent visibility, strong neighborhood demographics, and convenient access to public transportation and major roadways, this property benefits from consistent foot and vehicle traffic. Take advantage of the area’s ongoing growth and revitalization while securing a valuable piece of real estate in one of Chicago’s most active neighborhoods. Ideal for retail storefronts, professional offices, multi-unit residential development, or a custom mixed-use investment. Also, the adjacent lot 4112 W 16th Street is for sale. An exceptional opportunity to build and invest in the future of North Lawndale.
Property Details
Price:
$50,000
MLS #:
MRD12763215
Status:
Active
Beds:
0
Baths:
0
Type:
Land
Neighborhood:
chinorthlawndale
Listed Date:
Sep 17, 2026
See this Listing
Schools
School District:
299
Interior
Exterior
Financial
Tax Year
2025
Taxes
$1,418
Map
Community
- Address4118 W 16th Street Chicago IL
- CityChicago
- CountyCook
- Zip Code60623
Market Summary
Property Summary
- 4118 W 16th Street Chicago IL is a Land for sale in Chicago, IL, 60623. It is listed for $50,000 and features 0 acres.
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4118 W 16th Street
Chicago, IL


