16 E 118TH PL, Chicago, IL 60628
16 E 118TH PL, Chicago, IL 60628
16 E 118TH PL, Chicago, IL 60628
16 E 118TH PL, Chicago, IL 60628
16 E 118TH PL, Chicago, IL 60628
16 E 118TH PL, Chicago, IL 60628
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Kathryn (Kathy) Jensen

Kathryn (Kathy) Jensen

+1(773) 757-8864
$ 350,000
Est. payment | /mo

8 Beds

4 Baths

Save
$ 350,000
Est. payment | /mo
Save

8 Beds

4 Baths

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 12572951

Bedrooms 8

Annual Tax Amount $2,658

Tax Year 2024

Lot Dimensions 25 X 125

Property Sub-Type Two to Four Units

Property Description

This well-kept four-unit brick turnkey performer in West Pullman offers fresh appeal for both owner-occupants and investors. All units received full renovations in 2023, delivering modern two-bedroom, one-bath layouts with white shaker cabinets, quartz counters, and all new appliances. Three units currently rent for a combined $3,400 monthly gross income, with tenants handling heat, electric, and gas. The fourth unit remains vacant, ideal for an owner-occupant to move in and offset costs with rental income from the others, or to lease for stronger cash flow. The setup fully rented delivers a solid 10 cap rate on today's numbers, and with local two-bedroom rents averaging around $1,400-$1,550 recently, there's clear potential to increase as leases renew. On-site coin laundry provides steady extra income with minimal effort. With Metra access, nearby parks and the upcoming addition of a Hampton by Hilton hotel to local anchors, Chik-Fil-A, Gotham Greens, Method, Amazon and other national chains, West Pullman offers a mix of affordability and upside with ongoing interest and rising values.

Location

State IL

County Cook

Area Chi - West Pullman

Zoning MULTI

Rooms

Basement Crawl Space

Interior

Heating Electric

Equipment TV-Cable, Ceiling Fan(s)

Fireplace N

Building

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer

Water Public

Structure Type Brick

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition List Broker Must Accompany

Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Chandra Shealey of  North Clybourn Group, Inc. 

Nearby Locations

Kathryn (Kathy) Jensen

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(773) 757-8864

kjensen@chicagorea.com

1941 N Elston Ave, Chicago, IL, 60642, USA

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16 E 118TH PL