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Listing provided courtesy of eXp RealtyMREDas Distributed by MLSGrid- MLS# 12586985MLS Provider

4044 W 16th StreetChicago, IL 60623

Vacant Land
$175,000 Active

4044 W 16th Street Overview

Time on Site:
113 days
Visits:
0

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.

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4044 W 16th Street Facts & Features

  • Type Vacant Land

Details

General

School Information

  • School District: 299

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - North Lawndale
  • Township: Hyde Park

Tax Information

  • Tax Annual Amount: $651.00
  • Tax Year: 2023

General Information

  • Ownership: Fee Simple
  • Parcel Number: 16222290390000
  • Property Type: Land
  • Special Listing Conditions: None

Interior

Beds/Baths

  • Bathrooms Total: 0

General Information

  • Basement: None
  • Laundry Features: None

Exterior

Parking Information

  • Parking Total: 0

Lot Information

  • Frontage Length: 24
  • Frontage Type: City Street
  • Lot Size Dimensions: 24X108.5X24X108.5
  • Road Surface Type: Asphalt

Waterfront/View

  • Waterfront: No

General Information

  • Utilities: Electric to Site,Natural Gas Available,Water Available

4044 W 16th Street Neighborhood

Community

60623 (Chicago) Demographics

33
Median Age
14,242
Population Density (per sq. mile)
17%
College Educated
$34,714
Estimated Median Income
9,269
Estimated Total Home Owners
16,477
Estimated Total Renters
36% / 64%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

4044 W 16th Street Monthly Cost

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Randall Fowlkes
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

4044 W 16th Street Market Data

Based on the last 30 days in this zip code

$338,047
Average List Price
$199
Average Price per Square Foot
6
Properties Sold
76
Average Days on Market
25
Properties for Sale
Calculations provided by Reliance Network

4044 W 16th Street History

Date Event Value Agent
3/14/2026Source: MRED Status Change
Active
3/9/2026Source: MRED Added to Database
March 09, 2026