IL
Cook
Chicago
60628
16 E 118TH Place
16 E 118TH Place, Chicago, IL 60628
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Listing Type
Multi Family
Listing Status
Active
16
$350,000

Home Details for 16 E 118TH Place

Price
$350,000
Type
Residential Income
Bedrooms
8
Bathrooms
4.0
Square feet
NaN
County
Cook
Total rooms
16
Garage
Basement
Crawl Space
Days on site
0
MLS Listing#
12572951
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.

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Property Features
  • Cooling Information
    • Ceiling Fan(s)
  • Heating Information
    • Electric
  • Water Features
    • Public
  • Utilities
    • Cable Available
  • Basement
    • Crawl Space
Listing Courtesy: North Clybourn Group, Inc. - 773-252-0600
Midwest Real Estate Data logo Based on information submitted to the MLS GRID as of 2026-02-26 03:40:20. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last Updated: 2026-02-26 03:40:20
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EXIT TRUE DESIGN REALTY
11070 S. Western Ave. Suite 7, Chicago, IL 60643
Office
708 573 8801
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