Pilsen Income-Producing Triplex
1425 W 16th Street, Chicago, IL 60608
New
- Added:
- May 26, 2026
- Days on Market:
- 2
- Last Refresh:
- May 27 at 11:06 pm
Property Features for 1425 W 16th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bedroom 2, Bedroom 1, Bathroom 2, Bathroom 3, Basement, Bedroom 3, Bedroom 4
- Basement
- Unfinished, Full, Exterior Entry
- Standard status
- Active
- APN
- 17203010120000
- Size
- 1,500 SF
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 10246
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
Building Details
- Year built
- 1880
- Building materials
- Vinyl Siding, Frame
Listing agent Fabiola Mendoza
Listing office Compass 1643 N Milwaukee Ave, IL (773) 466-7150
Listing date May 26, 2026
MLS# 12658418
Listing URL
Copyright © 2026 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.
HighLights
- Fully renovated, income‑producing 3‑unit property with a 6.83 cap rate, offering immediate cash flow.
- Prime Pilsen location, minutes from Downtown, West Loop, transportation, and amenities, with strong appreciation potential.
- All units fully occupied with established tenants and separate utilities, ensuring efficient operation.
- Recent (2024‑2025) upgrades including new roof, private concrete patio, fencing, rear decking, and high‑efficiency spray foam insulation.
- Units feature modern upgrades, high‑end finishes, appliances, central air, and in‑unit laundry (select units).
- Turnkey investment opportunity in a rapidly appreciating market, ideal for portfolio expansion.
Overview
This fully renovated, income-producing 3-unit property is located in the Pilsen neighborhood of Chicago. The building is fully occupied with established tenants and operates efficiently with separate utilities. It offers a combination of cash flow, modern upgrades, and appreciation potential. The property is located minutes from Downtown, the West Loop, major transportation, restaurants, galleries, nightlife, and luxury development. The property is suitable for investors seeking a turnkey addition to their portfolio. Current rents are 2100, 1800, and 1650. Planned upgrades for 2025 include excavation and installation of approximately 1,500 sq ft of private concrete patio with drain tile around the entire property, new fencing, and rear decking. Front building Unit 1 features a 1BR/1BA complete remodel with high-end finishes, appliances, central air, and in-unit laundry. In 2024, in-unit laundry was added to Front building Unit 2, which underwent a complete remodel. The main building and coach house have a complete tear-off roof replacement, gutters, and downspouts. The rear coach house features a 2BR/1BA complete remodel with high-end finishes, appliances, and new HVAC with central air. High-efficiency spray foam insulation was installed in both basements.
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.662399
- Latitude
- 41.85941
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Renovated 3-unit property in vibrant Pilsen neighborhood.
Where is this triplex located?
The property is located at 1425 W 16th Street Chicago, IL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Fully renovated, income‑producing 3‑unit property with a **6.83 cap rate**, offering immediate cash flow.; **Prime Pilsen location**, minutes from Downtown, West Loop, transportation, and amenities, with strong appreciation potential.; All units fully occupied with established tenants and separate utilities, ensuring efficient operation.
