1001 West 16th Street, Chicago, IL

$885,000

Previous Next

4

Beds

4

Baths

About 1001 West 16th Street

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.

Features of 1001 West 16th Street

MLS® # 12461258
Price $885,000
Bedrooms 4
Bathrooms 4.00
Acres 0.00
Type Residential Income
Sub-Type Two to Four Units
Status Active

Community Information

Address 1001 West 16th Street
Area CHI - Lower West Side
City Chicago
County Cook
State IL
Zip Code 60608

Amenities

Parking Spaces 3
Parking Off Alley, On Site, Owned
Is Waterfront No
Has Pool No

Interior

Heating Natural Gas, Forced Air, Sep Heating Systems - 2+, Indv Controls
Fireplace No
Has Basement Yes
Basement Unfinished, Full, Daylight

Exterior

Exterior Brick
Lot Description Common Grounds, Corner Lot
Roof Flat
Foundation Concrete Perimeter

School Information

District 299
Elementary Jungman Elementary School
Middle Jungman Elementary School
High Juarez High School

Additional Information

Days on Market 42
Zoning MULTI
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeKale Realty
Contact Info312-939-5253

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?