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    1001 W 16Th St Chicago, IL 60608

    For Sale
    $885,000

    Residential Income - Chicago, IL

    Days on Market:
    29
    Last Refresh:
    Dec 15 at 2:06 am

    Property Features for 1001 W 16Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MULTI
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    APN
    17204030320000
    Parking
    3
    Exterior features
    Corner Lot

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Roof type
    Flat
    Architectural style
    Other

    Kale Realty (312) 939-5253 [email protected]

    Listing agent Shea Rousselle (312) 939-5253 License #475176729

    Listing date Nov 17, 2025

    MLS# 12461258 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated 4-Unit Income Property

    This is a fully renovated four-unit income property located in East Pilsen. The building was gut-renovated in 2017. The property is located in a neighborhood known for its art, culture, and proximity to amenities. New condo developments are nearby, and the property is within walking distance of restaurants, galleries, shopping, nightlife, and Downtown/West Loop. Each of the one-bedroom units includes stainless steel appliances (stove, microwave, refrigerator, dishwasher), central heat and air, and an in-unit washer/dryer. A shared backyard common area is available. The building is secured by a 24-hour security system. Each unit has a private storage space in the basement. Parking spaces are available for an additional monthly cost. The building is fully separately metered, with tenants responsible for their own gas and electric. The owner is responsible for water. The property is suitable for a 1031 exchange, owner-occupant, or investor seeking a stabilized asset. The property offers consistent income and long-term upside in East Pilsen.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Daycare Center Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6510962
    Latitude
    41.8596607

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    FAQs

    What type of property is this?
    Quadplex - Fully renovated 4-unit property in East Pilsen, Chicago.
    Where is this quadplex located?
    The property is located at 1001 W 16Th St Chicago, IL.
    What is the asking price?
    The asking price for this property is $885,000.
    What are key features of this property?
    This property features: - Fully Gut-Renovated (2017) 4-Unit Income Property, offering modern amenities.; - Prime East Pilsen Location: Walkable to restaurants, galleries, shopping, nightlife, Downtown/West Loop.; - Turn-Key & Stabilized Asset: Features curated long-term tenants and clean financials.
    (312) 939-5253
    Request Owner's contact information
    1001 W 16Th St Chicago, IL 60608
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    Chicago, IL 60608
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1001 W 16Th St Chicago, IL 60608
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