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$ 259,500
Est. payment /mo
Active
1355 W 16th Street Chicago, IL 60608
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12372696
Annual Tax Amount $7,191
Tax Year 2023
Lot Dimensions 25X110
Property Sub-Type Land
Property Description
Unlock immediate development potential in the highly sought-after Pilsen neighborhood! This exceptional 110' x 25' lot boasts a prime location with unparalleled access to Pilsen's vibrant attractions, including convenient transportation, diverse dining, thriving art galleries, and rich culture. Already up-zoned to RM 4.5, this shovel-ready site comes with approved designs and permits for a lucrative 3-unit apartment/condo building, recently appraised at $1.2 million. Imagine breaking ground immediately and capitalizing on this prime Chicago location. Even better, explore the opportunity to develop 4 units, maximizing your investment potentially. Seller financing is available to further facilitate your success, making this an unmissable chance to establish a significant residential presence in one of Chicago's most dynamic communities. Don't miss out on this rare Pilsen development gem!
Location
State IL
County Cook
Interior
Fireplace N
Exterior
Utilities Available Electricity Available, Natural Gas Available, Water Available
View Y/N true
Building
Sewer Storm Sewer
Schools
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Ryan Cherney • Circle One Realty