16 E 118th Place, Chicago, IL 60628

Chicago
Local realty services provided by:Better Homes and Gardens Real Estate Connections
16 E 118th Place,Chicago, IL 60628
$350,000
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  • 8 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by: chandra shealey
Office: north clybourn group, inc.
MLS#:12572951
Source:MLSNI

Price summary

  • Price:$350,000

About this home

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 offset 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...

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Home facts

  • Listing ID #:12572951
  • Updated:May 27, 2026 at 07:50 AM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4
  • Full bathrooms:4
  • Rooms Total:16

Heating and cooling

  • Heating:Electric

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$350,000
  • Tax amount:$2,659 (2024)

Features and amenities

  • Amenities:Ceiling Fan(s), TV-Cable
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