Description
Exceptional development opportunity in the heart of **Chicago's Little Village** corridor. This vacant lot at 4044 W 16th St is zoned B32, one of the most versatile and desirable zoning classifications for mixeduse projects. The zoning allows for a wide range of commercial and residential uses, making it ideal for developers looking to build retail with residential units above, office space, or a fully mixeduse investment property. Located on a strong commercial corridor with consistent foot traffic, the site offers excellent visibility and access to public transportation, neighborhood retail, and dense residential housing. The B3 zoning designation supports higherintensity commercial activity and mixeduse density, creating strong upside potential for both rental income and longterm appreciation.
Details
| MLS # | 12711540 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 38 |
| Listing Provided By | eXp Realty | Alison Aviles |
Features
Interior
| Laundry Features | None |
|---|
Utilities
| Utilities | Electric to Site, Natural Gas Available, Water Available |
|---|
Taxes
| Tax Year | 2023 |
|---|---|
| Tax Annual Amount | 651 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60623 |
| Area | CHI North Lawndale |
| Listing VS Median (in 60623) | |
Price: $175,000 low | high Med: $237,500 On site: 38 low | high Med: 24.5 | |
Market Activity 60623
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60623 |
| Area | CHI North Lawndale |
| Listing VS Median (in 60623) | |
Price: $175,000 low | high Med: $237,500 On site: 38 low | high Med: 24.5 | |
