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$885,000

Est. payment - /mo

4 Beds

4 Baths

New

1001 W 16th ST Chicago, IL 60608

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Park Place Realty Group LLC

info@parkplacerealtyllc.com +1(708) 722-5106

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Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12461258

Bedrooms 4

Annual Tax Amount $12,026

Tax Year 2023

Lot Dimensions 22 X 100

Property Sub-Type Two to Four Units

Property Description

Turn-Key 4-Unit in East Pilsen | Fully Renovated | Prime Location! Rare opportunity to own a fully gut-renovated (2017) 4-unit income property in sought-after East Pilsen-a neighborhood known for its art, culture, and proximity to everything. Just steps from new condo developments and walkable to restaurants, galleries, shopping, nightlife, and Downtown/West Loop. All one-bedroom units feature stainless steel appliances (stove, microwave, refrigerator, dishwasher), central heat and air, in-unit washer/dryer, a shared backyard common area, and the building is secured by a 24-hour security system. Each unit has a private storage space in the basement, and parking spaces are available at an additional cost $50/mo. The building is fully separately metered, with tenants paying their own gas and electric. Owner just pays water! Updated systems, curated long-term tenants, and no deferred maintenance. Ideal for 1031 exchange, owner-occupant, or investor seeking a stabilized, headache-free asset with appreciation upside. Clean financials. A fully renovated, stabilized asset offering consistent income today and long-term upside in the heart of dynamic East Pilsen. Pre-approval or proof of funds required to schedule a viewing.

Location

State IL

County Cook

Area Chi - Lower West Side

Zoning MULTI

Rooms

Basement Unfinished, Full, Daylight

Interior

Heating Natural Gas, Forced Air, Sep Heating Systems - 2+, Indv Controls

Fireplace N

Exterior

Community Features Curbs, Gated, Sidewalks, Street Lights, Street Paved

Utilities Available Cable Available

Roof Type Flat

Building

Lot Description Common Grounds, Corner Lot

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer

Water Lake Michigan, Public

Structure Type Brick

New Construction false

Schools

Elementary Schools Jungman Elementary School

Middle Schools Jungman Elementary School

High Schools Juarez High School

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

Virtual Tour https://drive.google.com/file/d/1CqjhKuW6DSqBNgBFaGlYAN2epuYQOboR/view?usp=sharing

Listed by Shea Rousselle • Kale Realty

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Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106