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1425 W 16th Street, Chicago, IL 60608

Chicago
Local realty services provided by:CENTURY 21 New Heritage
1425 W 16th Street,Chicago, IL 60608
$799,000
  • 4 Beds
  • 3 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: fabiola mendoza
Office: compass
MLS#:12658418
Source:MLSNI

Price summary

  • Price:$799,000

About this home

Exceptional investment opportunity in the heart of Pilsen. This fully renovated, income-producing 3-unit property offers the ideal combination of strong in-place cash flow, modern upgrades, and long-term appreciation potential in one of Chicago's most vibrant neighborhoods. The building is fully occupied with established tenants and operates efficiently with separate utilities. Located just minutes from Downtown, the West Loop, major transportation, restaurants, galleries, nightlife, and continued luxury development throughout Pilsen, this is a rare opportunity to acquire a stabilized asset in a rapidly appreciating market. Ideal for investors seeking a turnkey addition to their portfolio with a cap rate of 6.83. Current rents 2100, 1800, 1650 (below market rent due to long time tenant). 2025 upgrades: Excavation and installation of ~ 1,500 sq ft of private concrete patio with drain tile around entire property. New fencing and rear decking. Front building Unit 1: 1BR/1BA...

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Home facts

  • Year built:1880
  • Listing ID #:12658418
  • Updated:June 07, 2026 at 10:53 AM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:3
  • Full bathrooms:3
  • Rooms Total:13
  • Basement Description:Full, Unfinished

Heating and cooling

  • Heating:Natural Gas

Structure and exterior

  • Year built:1880

Utilities

  • Water:Lake Michigan
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$799,000
  • Tax amount:$10,246 (2024)
MLS LogoCopyright 2026 Midwest Real Estate Data LLC. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Listing information is deemed reliable but not guaranteed. MLSNI Member Broker: Lisa Rossow

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