Four-Unit Brick Turnkey
For Sale
$350,000
Pending
16 E 118TH Place, Chicago, IL 60628
MULTI_FAMILY - Chicago, IL
Days on Market52
Property Features for 16 E 118TH Place
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MULTI
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 8, Bathroom 3, Bedroom 3, Bedroom 7, Bathroom 4, Bedroom 1, Bedroom 4, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 5, Bedroom 6
Basement
Crawl Space
Elementary school district
299
Middle school district
299
High school district
299
Directions
118th PL E/W to PROPERTY; OFF OF 119TH WABASH
Subdivision
CHI - West Pullman
Standard status
Pending
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 Agency:
North Clybourn Group, Inc.
(773) 252-0600
Listed By:
Chandra Shealey · License #475188051
(773) 252-0600
Added: Jun 12
Changed: Jul 30
Last Checked: Aug 2 at 1:06PM
MLS# 12676380
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.
Investment Insights
Based on property information with market context.
This well-kept four-unit brick multifamily property is presented as turnkey, with all four units receiving full renovations in 2023. The layout across the property consists of modern two-bedroom, one-bath apartments featuring white shaker cabinets, quartz counters, and new appliances. Three units are currently rented for a combined $3,400 in monthly gross income, and tenants handle heat, electric, and gas. The fourth unit is vacant, offering an owner-occupant option or the opportunity to lease it to complete the rental lineup. An on-site coin laundry adds an additional revenue stream.
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.
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.
Key Highlights
- Four‑unit brick building with renovated modern two‑bedroom, one‑bath layouts
- All units received full renovations in 2023 with white shaker cabinets, quartz counters, and all new appliances
- Three units currently rent for a combined $3,400/month gross income; fourth unit is vacant
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
75%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
525
Businesses Nearby
Explore this area
Business Placement
Demographics for 60628, IL
62,832
Population
28,736
Households
2.2
Avg Household Size
41
Median Age
24%
College-Educated
87%
High-School Grad
11.0 sq mi
ZIP Area
5,712
Density / Sq Mi
$49,719
Median Household Income
$35,974
Median Earnings
$1,168
Median Rent
$158,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Recently renovated two-bedroom units with coin laundry and tenant-paid utilities, plus one vacant unit for flexibility.
Where is this quadplex located?
The property is located at 16 E 118TH Place Chicago, IL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Four‑unit brick building with renovated modern two‑bedroom, one‑bath layouts; All units received full renovations in 2023 with white shaker cabinets, quartz counters, and all new appliances; Three units currently rent for a combined $3,400/month gross income; fourth unit is vacant
