4118 W 16th St Chicago, IL 60623
North Lawndale NeighborhoodEstimated payment $495/month
About This Lot
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
Property Type
- Land
Est. Annual Taxes
- $1,372
Lot Details
- Lot Dimensions are 48x109
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,215 | $6,802 | $6,802 | |
| 2024 | $2,215 | $6,802 | $6,802 | |
| 2023 | $2,160 | $10,464 | $10,464 | |
| 2022 | $2,160 | $10,464 | $10,464 | $0 |
| 2021 | $2,111 | $10,464 | $10,464 | $0 |
| 2020 | $2,339 | $10,464 | $10,464 | $0 |
| 2019 | $2,109 | $10,464 | $10,464 | $0 |
| 2018 | $2,074 | $10,464 | $10,464 | $0 |
| 2017 | $1,921 | $8,894 | $8,894 | $0 |
| 2016 | $1,781 | $8,894 | $8,894 | $0 |
| 2015 | $1,630 | $8,894 | $8,894 | $0 |
| 2014 | $1,650 | $8,894 | $8,894 | $0 |
| 2013 | $1,618 | $8,894 | $8,894 | $0 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/22/2026 06/22/26 | For Sale | $70,000 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document | |
| Quit Claim Deed | -- | None Available | |
| Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12684425
APN: 16-22-228-037-0000
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Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
- 4112 W 16th St
- 4044 W 16th St
- 1622 S Karlov Ave
- 1629 S Karlov Ave
- 1511 S Karlov Ave
- 1638 S Karlov Ave
- 1616 S Komensky Ave
- 1642 S Karlov Ave
- 4019 W 16th St
- 1615 S Komensky Ave
- 1505 S Tripp Ave
- 1433 S Keeler Ave
- 1419 S Kedvale Ave
- 1431 S Tripp Ave
- 1401 S Kedvale Ave
- 1837 S Komensky Ave
- 1430 S Harding Ave
- 4337 W 16th St
- 1825 S Komensky Ave
- 1855 S Komensky Ave
- 1620 S Kedvale Ave Unit 2
- 1511 S Keeler Ave
- 1521 S Komensky Ave
- 1823 S Karlov Ave Unit 1
- 1400 S Karlov Ave Unit 1
- 1531 S Harding Ave Unit 2
- 4222 W Cullerton St
- 3911 W 14th St Unit 1
- 1426 S Avers Ave Unit 2
- 4259 W 21st St Unit 2
- 1826 S Hamlin Ave Unit G
- 1404 S Hamlin Ave Unit G
- 1249 S Kolin Ave Unit 2
- 1249 S Kolin Ave Unit GRDN
- 1621 S Lawndale Ave Unit 2-2
- 1621 S Lawndale Ave Unit 2-3
- 1621 S Lawndale Ave Unit 3-3
- 1621 S Lawndale Ave Unit 3-1
- 1621 S Lawndale Ave Unit 3-2
- 1621 S Lawndale Ave Unit 2-1
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