Address
16 E 118th Place, Chicago, IL
Price
$ 350,000
Property Attributes
- MLS#12733362
- TypeMulti-Family
- Listing Status Active
- CountyCOOK
- CityChicago
- AreaCHI - West Pullman
- NeighborhoodWest Pullman
- Zip60628
- Style
- Taxes$ 2658
- Price$ 350,000
- Bedrooms8
- Full Bathrooms4
- Half Bathrooms0
Data Source:
Midwest Real Estate Data (MRED)
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.
| Price History | |
|---|---|
| 8/14/2026 | Listed $350,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Electric |
| Possession | Closing |
| Zoning | MULTI |
| Construction Materials | Brick |
| Township | South Chicago |
| Tax Year | 2024 |
| Ownership | Fee Simple |
| Gross Income | 55200 |
| County | Cook |
| Net Operating Income | 47941 |
| New Construction | No |
| Property Type | Residential Income |
| Other Structures | Other |
| Total Rooms | 16 |
| Status | Active |
| Directions | 118th PL E/W to PROPERTY; OFF OF 119TH WABASH |
| City | Chicago |
| High School District | 299 |
| MLS Area | CHI - West Pullman |
| Tax Annual Amount | 2658.99 |
| Additional Parcels Y/N | No |
| Virtual Tour | https://chicago-home-photos-1.aryeo.com/sites/emogxymg/unbranded |
| Standard Status | Active |
| Middle/Junior School District | 299 |
| Elementary School District | 299 |
| Property Type | Two to Four Units |
Interior Features
| Basement | Crawl Space |
|---|---|
| Total Bedrooms | 8 |
| Total Baths | 4 |
| Bedrooms Possible | 8 |
| Full Baths Building | 4 |
| Total Number of Units | 4 |
Exterior Features
| Water Source | Public |
|---|---|
| Lot Dimensions | 25 X 125 |
| Waterfront Y/N | No |
| Other Equipment | TV-Cable,Ceiling Fan(s) |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 60628
Price
Taxes
Visits
