16
See all 16 photos
$350,000
Est. payment /mo
8 Beds
4 Baths
New
16 E 118TH PL Chicago, IL 60628
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Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12676380
Bedrooms 8
Annual Tax Amount $2,658
Tax Year 2024
Lot Dimensions 25 X 125
Property Sub-Type Two to Four Units
Property Description
This well-kept four-unit brick turnkey performer in West Pullman offers fresh appeal for both owner-occupants and investors. All units received full renovations in 2023, delivering modern two-bedroom, one-bath layouts with white shaker cabinets, quartz counters, and all new appliances. Three units currently rent for a combined $3,400 monthly gross income, with tenants handling heat, electric, and gas. The fourth unit remains vacant, ideal for an owner-occupant to move in and ofset costs with rental income from the others, or to lease for stronger cash flow. The setup fully rented delivers a solid 10 cap rate on today's numbers, and with local two-bedroom rents averaging around $1,400-$1,550 recently, there's clear potential to increase as leases renew. On-site coin laundry provides steady extra income with minimal effort. With Metra access, nearby parks and the upcoming addition of a Hampton by Hilton hotel to local anchors, Chik-Fil-A, Gotham Greens, Method, Amazon and other national chains, West Pullman offers a mix of affordability and upside with ongoing interest and rising values.
Location
State IL
County Cook
Area Chi - West Pullman
Zoning MULTI
Rooms
Basement Crawl Space
Interior
Heating Electric
Equipment TV-Cable, Ceiling Fan(s)
Fireplace N
Building
Dwelling Type Two to Four Units
Building Description Brick, No
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction false
Schools
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition List Broker Must Accompany
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Chandra Shealey of North Clybourn Group, Inc.
NEARBY SCHOOL & BUSINESS