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Brick Multifamily Property

4053 W 16th Street, Chicago, IL 60623

For Sale
$250,000

Residential Income, Chicago, IL

Property SizeContact for details
Days on Market59

Property Features for 4053 W 16th Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 4
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 3, Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 2
Parking 2
Parking features Garage, Offsite
Basement Crawl Space
Elementary school district 299
Middle school district 299
High school district 299
Directions Pulaski rd and 16th st.
Subdivision CHI - North Lawndale
Standard status Active
APN 16224060020000

Taxes and HOA fees

Tax Year 2023
Tax Annual Amount 1164

Utilities

Sewer type Public Sewer
Heating system Natural Gas
Water source Public

Building Details

Year built 1908
Building materials Brick
Listing Agency: Real Broker, LLC
Listed By: Jose Medina · License #475185291
Added: Sep 10 Changed: Oct 30 Last Checked: Nov 7 at 12:06PM
MLS# 12756411

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.

Rey
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Investment Insights

Based on property information with market context.

Built in 1908, this brick multifamily property includes four bedrooms and three bathrooms. The building is offered in its current condition and requires work, providing a straightforward redevelopment or improvement project.

Natural gas heating serves the property, with water supplied through the public system and public sewer service. Parking includes garage and offsite options.

Key Highlights

  • 1908 construction with brick exterior
  • Four bedrooms and three bathrooms
  • Property is offered as‑is and requires work

Property Analytics

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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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Multifamily properties in Chicago

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - Brick multifamily property with garage parking and public utilities.
Where is this multifamily property located?
The property is located at 4053 W 16th Street Chicago, IL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1908 construction with brick exterior; Four bedrooms and three bathrooms; Property is offered as‑is and requires work
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