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- Description
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$350,000
Monthly Est:$1,742
8 Beds
4 Baths
--sqft
16 E 118th Place, Chicago, IL 60628
$350,000
$1,742/moEst:
Get Pre-Approved
Multi Family
Built in -
$-- HOA
-- sqft lot
--/sqft
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 ofset 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.
- Houzeo last checked: 14 minutes ago
- Listing updated: October 21, 2026 at 4:36 pm
- Listing Provided by: Chandra Shealey (773) 544-2144 , Derrick Tharpe DRE #475219341 | North Clybourn Group, Inc. (773) 252-0600
- Source: MRED MLS-IL as distributed by MLS GRID | MLS#: 12733362
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
Year Built
-
HOA Fees
-
Finished Area
- sqft
Lot Size
-- sqft lot
Basement Area
- sqft
MLS Name
MRED MLS
MLS Number
12733362
MLS Status
Active
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 8
Bathrooms: 4
Interior
Heating
Electric
Sewer
Public Sewer
Construction
Year Built
-
Home type
Multi Family
Construction Materials
Brick
Utilities & Energy
Basement
Crawl Space
Water Source
Public
Price History
| Date | Event | Price |
|---|---|---|
08/14/2026 Source: | Listing Removed | $350,000 $0/sqft |
08/14/2026 Source: | Listed for Sale | $350,000 $0/sqft |
06/29/2026 Source: | Pending | $350,000 $0/sqft |
West Pullman Ranks #172 in Chicago, IL
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This representation is based in whole or in part on data supplied by Midwest Real Estate Data, LLC through Nov 01, 2026, 06:00PM. Midwest Real Estate Data, LLC does not guarantee nor is it in any way responsible for its accuracy. Data maintained by Midwest Real Estate Data LLC may not reflect all real estate activity in the market. Based on information submitted to the MLS GRID as of Nov 01, 2026, 06:00PM. All data is obtained from various sources and has not been, and will not be, 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. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Some IDX listings have been excluded from this website. Information is provided exclusively for consumers’ personal non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID, MRED or Houzeo. The use of the MLS GRID Data may be subject to an end user license agreement. Properties displayed may be listed or sold by various participants in the MLS, Listings courtesy of MRED as distributed by MLS GRID. ©2026 Midwest Real Estate Data LLC. All Rights Reserved
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