1355 W 16th St

Chicago IL 60608

Land

Last sold for $234,000

Ryan Cherney, last sold this property on 10 December 2025 after 201 days on market.

Overview

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!

Features

Land

Estimated Value

Based on this property and similar land plots sold in Chicago over the last 12 months, the estimated median property value of 1355 W 16th St is $200k.

Median value

$200k

Estimated value range

$85k - $565k

Median days on market

Estimated value trend

-5%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Chicago. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1355 W 16th St

2025

Sold

$234,000

10 Dec 2025 by Ryan Cherney, of Circle One Realty

2023

Sold

$325,000

06 Apr 2023 by Anthony Disano, of Parkvue Realty Corporation

2014

Sold

$232,500

18 Aug 2014 by Rebecca Arce, of America Real Estate

Happy sellers in Chicago

We have insufficient information to provide an overview of customer satisfaction for Chicago. Viewing the agent profiles, reviews and sales for Chicago can provide insights for this location.