4042 W Lake Street, Chicago IL 60624
$559,000

4042 W Lake Street, Chicago IL 60624

$559,000
Active
West Garfield Park Land

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Property Description

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!

Features & Information

Key Details
  • List Price $559,000
  • Property Taxes $23,056
  • Lot Size 0.1
  • Lot Dimensions 184 X 180
  • Market Time 7
  • Status Active

Schools
  • Elementary School District 299
  • Junior High District 299
  • High School District: 299

Location
  • County Cook
  • Township West Chicago
  • Corporate Limits Chicago
  • Directions to Property West On Lake To Karlov Ave

  • Property Taxes
  • Tax $23,056
  • Tax Year 2024
  • Tax Exemptions None
  • Parcel Identification Number 16104070340000

Listed by Stephanie Soto for Pearson Realty Group | Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 9/22/2026 8:32 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Explore West Garfield Park

Since being settled by Scandinavian and Irish immigrants in the 1870s, West Garfield Park has become a working-class neighborhood on the rise. Its convenience to downtown has attracted the interest of business-owners and residential developers, but as of now, the up-and-coming West Garfield Park is still an affordable option for first-time homebuyers, young working singles and families alike. Gradual modernization of housing is slowly giving this classic neighborhood a contemporary face-lift, although the majority of properties here are of the vintage persuasion, rather than new design. West Garfield Park is also embellished with a healthy assemblage of retailers and restaurateurs, not to mention a large number of educational academies that include a specialized charter school and college level institution.

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