4042 W Lake Street Chicago, IL ^$ 559,000

4042 W Lake Street

^$ 559,000

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Recently Listed

4042 W Lake Street

Chicago, IL, 60624

^$ 559,000

Studio Baths0.0

Monthly Estimate*

^$ 3,530

4042 W Lake Street, Chicago, IL 60624 - Image 1

4042 W Lake Street, Chicago, IL 60624 - Image 2

4042 W Lake Street, Chicago, IL 60624 - Image 3

4042 W Lake Street, Chicago, IL 60624 - Image 4

4042 W Lake Street, Chicago, IL 60624 - Image 5

Studio

Lots and Land for sale in Chicago, IL

for $559,000. The lot size is 0.1.

Fantastic development opportunity at 4042 W Lake St! Seven large lots offering substantial land for your next project. Currently zoned PMD-9 with potential for rezoning. Conveniently located near I-290, CTA buses, and trains with easy access throughout Chicago. Located within a Chicago Opportunity Zone and currently generating rental income. All 7 PINs are included in the sale. Bring your ideas and explore the possibilities!

Lots and Land Active

Price

^$ 559,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 23,056

Style

Commercial

Lot Size

0.1

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12754993

Features

General

Utilities Electricity Nearby Natural Gas Nearby

Possession Closing

Zoning PMD

Township West Chicago

Tax Year 2024

Current Use Commercial

Ownership Fee Simple

Additional Parcels Description 16104070330000 16104070320000 16104070310000 16104070300000 16104070290000 16104070280000

County Cook

Property Type Land Land

Status New

Directions West on Lake to Karlov Ave

City Chicago

High School District 299

MLS Area CHI - West Garfield Park

Tax Annual Amount 23056.01

Additional Parcels Y/N Y

Standard Status Active

Middle/Junior School District 299

Elementary School District 299

Exterior

Parking Features Concrete

Total Parking 0

Lot Dimensions 184 X 180

Lot Size Acres 0.1

Road Surface Type Asphalt Concrete Dirt Gravel

Frontage Length 25

Frontage Type City Street

Waterfront Y/N N

Interior

Total Baths 0

* Excluded Features

List By

Pearson Realty Group

Broker

stephaniesoto@pearsonrealtygroup.com

Affordability Calculator

$5,451

Per Month

Monthly Principal & Interest: $3,530
Monthly Property Taxes: $1,921
Monthly Home Insurance: --

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Loan Term

Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Lots and land listings in Chicago, IL

Average List Price ^$189,779

Percent of Sale Price 66%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

566059 Elementary School

566846 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/10/2026	$559,000		Listed Price

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4042 W Lake Street, Chicago, IL, 60624 is a Lots and Land for sale at $559,000 with a lot size of 0.1. 4042 W Lake Street is a studio with 0.0 baths. The property's zip code is 60624 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 9/11/2026.

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4042 W Lake Street

Lots and Land for sale in Chicago, IL

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