1001 W 16th St Chicago, IL 60608
Pilsen NeighborhoodEstimated payment $5,713/month
Highlights
- Gated Community
- Corner Lot
- Two Heating Systems
- Deck
- Porch
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,026
Year Renovated
- 2017
Lot Details
- Lot Dimensions are 22 x 100
- Corner Lot
- Paved or Partially Paved Lot
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Concrete Perimeter Foundation
Interior Spaces
- Window Screens
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
- 4 Bathrooms
Parking
- 3 Parking Spaces
- Off Alley Parking
- Parking Included in Price
Outdoor Features
- Deck
- Porch
Schools
- Jungman Elementary School
- Juarez High School
Utilities
- Two Heating Systems
- Forced Air Heating System
- Heating System Uses Natural Gas
- Individual Controls for Heating
- Lake Michigan Water
- Cable TV Available
Community Details
Overview
- 4 Units
- 4 Unit
Building Details
- Electric Expense $420
- Water Sewer Expense $1,350
- Gross Income $76,900
Additional Features
- Common Area
- Gated Community
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/05/2025 09/05/25 | For Sale | $885,000 | +7.9% | -- | |
| 10/16/2020 10/16/20 | Sold | $820,100 | -3.5% | $362 / Sq Ft | View Prior Sale |
| 09/02/2020 09/02/20 | Pending | -- | -- | -- | |
| 08/28/2020 08/28/20 | For Sale | $849,500 | 0.0% | $375 / Sq Ft | |
| 01/30/2018 01/30/18 | Rented | $1,400 | -12.5% | -- | |
| 01/09/2018 01/09/18 | For Rent | $1,600 | 0.0% | -- | |
| 09/30/2015 09/30/15 | Sold | $250,000 | 0.0% | $110 / Sq Ft | View Prior Sale |
| 08/26/2015 08/26/15 | Pending | -- | -- | -- | |
| 08/20/2015 08/20/15 | For Sale | $250,000 | -- | $110 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12461258
APN: 17204030320000
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