1001 W 16th Street Chicago, IL $ 885,000
1001 W 16th Street
$ 885,000
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1001 W 16th Street

Chicago, IL, 60608
$ 885,000
Bedrooms4 Baths4.0 Sq 2,250

Monthly Estimate*

$ 5,521

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Multi-Family Home for sale in Chicago, IL

for $885,000 with 4 bedrooms and 4 full baths. This home is 2,250 square feet.

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.

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Multi-Family Active

Price

$ 885,000

Bedrooms

4

Full Bath

4

Property Type

Multi-Family

Taxes

$ 12,026

Style

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12461258

Features
Exterior
Model 4 UNIT
Parking Features Off Alley Yes Owned
Lot Features Common Grounds Corner Lot
Water Source Lake Michigan Public
Total Parking 3
Foundation Details Concrete Perimeter
Lot Dimensions 22 X 100
Waterfront Y/N N
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General
Sewer Public Sewer
Heating Natural Gas Forced Air Sep Heating Systems - 2+ Indv Controls
Utilities Cable Available
Possession Closing
Roof Flat
Zoning MULTI
Construction Materials Brick
Township West Chicago
Tax Year 2023
Ownership Fee Simple
Gross Income 76900
Community Features Curbs Gated Sidewalks Street Lights Street Paved
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 12
Status Active
Directions Halsted to 16th Street West to property. Corner of Morgan & 16th Street.
High School Juarez High School
City Chicago
High School District 299
MLS Area CHI - Lower West Side
Elementary School Jungman Elementary School
Tax Annual Amount 12026
Electric Expense 420
Middle/Junior High School Jungman Elementary School
Water Sewer Expense 1350
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement Unfinished Full Daylight
Total Bedrooms 4
Total Baths 4
Bedrooms Possible 4
Full Baths Building 4
Half Baths Building 0
Total Number of Units 4
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* Excluded Features
List By
Kale Realty

Broker

sheametro@yahoo.com

Email

Affordability Calculator

$6,523
Per Month
85%
15%
0%
Monthly Principal & Interest
$5,521
Monthly Property Taxes
$1,002
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1996629 Elementary School
1996629 Middle School
Juarez High School High School
Pricing History
DatePricePrice ChangeDescription
9/7/2025$885,000 Listed Price

Map


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1001 W 16th Street, Chicago, IL, 60608 is a Multi-Family Home for sale at $885,000 with 2,250 sqft. 1001 W 16th Street has 4 bedrooms and 4.0 baths. The property's zip code is 60608 which is in Chicago, IL