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As-Is Multifamily Rehab Opportunity
For Sale
$149,900
Pending

4019 West 16th Street, Chicago, IL 60623

Multifamily property sold strictly as-is, with evidence of mold and extensive repair and renovation needs.

Property SizeContact for details
Days on Market71

Property Features for 4019 West 16th Street

General Information

Standard status Pending
Property subtype Two to Four Units / 3 Story Unit/S

Taxes and HOA fees

Annual Taxes $5,041

Building Details

Year Built 1912
Listing Agency: Grandview Realty, LLC
Listed By: Christopher Clark · License #471021845
Source: Compass
Added: Jul 1 Changed: Aug 8 Last Checked: Jul 24 at 2:57PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Grandview Realty, LLC

Investment Insights

Based on property information with market context.

This multifamily property is offered for sale strictly on an as-is basis. The property requires extensive repairs and renovation, and there is evidence of mold present within the building. A subject-to inspection report condition applies.

Access is restricted and all parties entering the premises must sign a Hold Harmless Agreement prior to access.

This offering is intended for buyers prepared to handle significant rehabilitation work and assume the property’s current condition, including any issues identified through inspections.

Key Highlights

  • Multifamily property built in 1912
  • Sold strictly as‑is; subject to inspection report
  • Extensive repairs and renovation are needed

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic (Bike/Boat/Book/etc) Store Tech Support Center Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,124
Businesses Nearby

Demographics for 60623, IL

87,649
Population
31,300
Households
2.8
Avg Household Size
32
Median Age
14%
College-Educated
69%
High-School Grad
5.4 sq mi
ZIP Area
16,231
Density / Sq Mi
$44,040
Median Household Income
$32,642
Median Earnings
$1,054
Median Rent
$221,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - Multifamily property sold strictly as-is, with evidence of mold and extensive repair and renovation needs.
Where is this multifamily property located?
The property is located at 4019 West 16th Street Chicago, IL.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: Multifamily property built in 1912; Sold strictly as‑is; subject to inspection report; Extensive repairs and renovation are needed
More about this property
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