MattKoch
BEDS8
BATHS4 full
MLS#12572951
STATUSPending
PROPERTY TYPEMulti Unit - Multiple
SCHOOLDistrict 299
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Crawl Space
Heating: Electric
Lot Size: 25 X 125
Taxes: $2,658
Feature Descriptions
Additional Structures: Other
Exterior: Brick
Lot Dimensions: 25 X 125
Other Equipment: TV-Cable, Ceiling Fan(s)
Parcel#: 25223180170000
Sewer: Public Sewer
Total Rooms: 16
Township: South Chicago
Water: Public
Local Schools
School District: District 299
Listed By / Shown By
Listed By
Agency Name: North Clybourn Group, Inc.
Agency Phone: 773-252-0600
Shown By
Agent Name: Matt Koch
Agent Phone: Cell: (815) 543-7945
Agency Title: Gambino Realtors
Estimate Your Payment
Estimated Payment
$ 1,913.39 per month $1,589.81 Principal & Interest $221.50 Property Tax $102.08 Homeowner's InsuranceChange Payment Information
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16 E 118th Place | MLS# 12572951
This multi-family property located at 16 E 118th Place, Chicago, IL 60628 is currently listed for sale with an asking price of $350,000. E 118th Place is located within the District 299 school district. Search Chicago real estate on mkoch.gogambino.com today.