16 E 118TH Place, Chicago, IL 60628
MULTI_FAMILY - Chicago, IL
- Added:
- Jun 12, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 14 at 9:06 am
Property Features for 16 E 118TH Place
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MULTI
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 7, Bedroom 8, Bathroom 3, Bedroom 1, Bedroom 6, Bedroom 5, Bathroom 4, Bedroom 4
- Basement
- Crawl Space
- Standard status
- Active
- APN
- 25223180170000
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 2659
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Water source
- Public
Building Details
- Building materials
- Brick
Listing agent Chandra Shealey (773) 252-0600
Listing office North Clybourn Group, Inc. 2324 W North Ave, Chicago, IL (773) 252-0600
Listing date Jun 12, 2026
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
- Four‑unit brick building with public water and public sewer, plus electric heating.
- All units were fully renovated in 2023 with modern two‑bedroom, one‑bath layouts.
- Renovations include white shaker cabinets, quartz counters, and all new appliances in each unit.
- Three units currently rented for a combined $3,400/month gross income; fourth unit is vacant.
- On‑site coin laundry provides additional income.
- Property is described as producing a 10% cap rate on today's numbers.
Overview
Located in West Pullman and zoned MULTI, the property is described as convenient to Metra access. Public remarks also cite nearby parks and an upcoming Hampton by Hilton addition among local anchors, along with other national or area-related businesses referenced in the immediate area, including Chick-fil-A, Gotham Greens, Method, and Amazon.
For investors and owner-occupants, the renovated unit finishes and tenant-paid utilities can reduce day-to-day operating involvement while maintaining consistent apartment appeal. With one unit already vacant, buyers may choose to move in and offset expenses using existing rental income, or lease the final unit to create a fully occupied configuration.
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.621959
- Latitude
- 41.679196
