$259,500
1355 W 16th Street
Chicago, IL, 60608
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!
Property Details
Price:
$259,500
MLS #:
MRD12372696
Status:
Active
Beds:
0
Baths:
0
Address:
1355 W 16th Street
Type:
Land
Neighborhood:
CHI – Lower West Side
City:
Chicago
Listed Date:
May 22, 2025
State:
IL
ZIP:
60608
Schools
School District:
299
Interior
Exterior
Financial
Tax Year
2023
Taxes
$7,191
Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.
More About DebraMortgage Calculator
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1355 W 16th Street
Chicago, IL
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