1001 W 16th ST new Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60608
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12461258
Bedrooms 4
Annual Tax Amount $12,026
Tax Year 2023
Lot Dimensions 22 X 100
Property Sub-Type Two to Four Units
Property Description
Turn-Key 4-Unit in East Pilsen | Fully Renovated | 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 fully separately metered, with tenants paying their own gas and electric. Owner just pays water! 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.
Location
State IL
County Cook
Area Chi - Lower West Side
Zoning MULTI
Rooms
Basement Unfinished,Full,Daylight
Interior
Heating Natural Gas,Forced Air,Sep Heating Systems - 2+,Indv Controls
Fireplace N
Exterior
Community Features Curbs,Gated,Sidewalks,Street Lights,Street Paved
Utilities Available Cable Available
Roof Type Flat
Building
Lot Description Common Grounds,Corner Lot
Dwelling Type Two to Four Units
Building Description Brick, No
Sewer Public Sewer
Water Lake Michigan,Public
Structure Type Brick
New Construction false
Schools
Elementary Schools Jungman Elementary School
Middle Schools Jungman Elementary School
High Schools Juarez High School
School District 299 ,299, 299
Others
Ownership Fee Simple
Special Listing Condition None
Virtual Tour https://drive.google.com/file/d/1CqjhKuW6DSqBNgBFaGlYAN2epuYQOboR/view?usp=sharing