1001 W 16th Street, Chicago, IL 60608
Local realty services provided by:Better Homes and Gardens Real Estate Star Homes
1001 W 16th Street,Chicago, IL 60608
$875,000
- 4 Beds
- 4 Baths
- - sq. ft.
- Multi-family
- Pending
Listed by: shea rousselle
Office: kale realty
MLS#:12581857
Source:MLSNI
Price summary
- Price:$875,000
About this home
Turn-Key 4-Unit in East Pilsen | Fully Renovated | Fully Rented w/ Strong Tenants | Prime Location!Prime Location! Rare opportunity to own a fully gut-renovated (2017) 4-unit income property in sought-after East Pilsen-a neighborhood known for its art, culture, and proximity to everything. Just steps from new condo developments and walkable to restaurants, galleries, shopping, nightlife, and Downtown/West Loop. All one-bedroom units feature stainless steel appliances (stove, microwave, refrigerator, dishwasher), central heat and air, in-unit washer/dryer, a shared backyard common area, and the building is secured by a 24-hour security system. Each unit has a private storage space in the basement, and parking spaces are available at an additional cost $50/mo. The building is separately metered, with tenants paying their own gas and electric. Owner just pays aprox. $150/mo for water and $25/mo electric in basement! Updated systems, curated long-term tenants, and no deferred maintenance. Ideal for 1031 exchange, owner-occupant, or investor seeking a stabilized, headache-free asset with appreciation upside. Clean financials. A fully renovated, stabilized asset offering consistent income today and long-term upside in the heart of dynamic East Pilsen. Pre-approval or proof of funds required to schedule a viewing.
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Home facts
- Listing ID #:12581857
- Added:5 day(s) ago
- Updated:March 09, 2026 at 07:57 AM
Rooms and interior
- Bedrooms:4
- Total bathrooms:4
- Full bathrooms:4
- Rooms Total:12
- Basement:Yes
- Basement Description:Full, Unfinished
Heating and cooling
- Heating:Forced Air, Individual Room Controls, Natural Gas, Sep Heating Systems - 2+
Structure and exterior
- Roof:Flat
- Lot Features:Common Grounds, Corner Lot
- Foundation Description:Concrete Perimeter
Schools
- High school:Juarez High School
- Middle school:Jungman Elementary School
- Elementary school:Jungman Elementary School
Utilities
- Water:Lake Michigan, Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$875,000
- Tax amount:$9,443 (2024)
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