1425 W 16th ST, Chicago, IL 60608
1425 W 16th ST, Chicago, IL 60608
1425 W 16th ST, Chicago, IL 60608
1425 W 16th ST, Chicago, IL 60608
1425 W 16th ST, Chicago, IL 60608
1425 W 16th ST, Chicago, IL 60608
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Melissa Garcia

Melissa Garcia

+1(630) 878-9868
$ 799,000
Est. payment | /mo

4 Beds

3 Baths

Save
$ 799,000
Est. payment | /mo
Save

4 Beds

3 Baths

Open House

Sat May 30, 10:00am - 1:00pm

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12658418

Bedrooms 4

Year Built 1880

Annual Tax Amount $10,246

Tax Year 2024

Lot Dimensions 24x125

Property Sub-Type Two to Four Units

Property Description

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 complete remodel with high-end finishes, appliances, central air, and in-unit laundry. Front building Unit 2: In-unit laundry added (2024 complete remodel). Complete tear-off roof replacement, gutters, and downspouts of main building and coach house. Rear coach house: 2BR/1BA complete remodel with high-end finishes, appliances, and new HVAC with central air. High-efficiency spray foam insulation was installed in both basements.

Location

State IL

County Cook

Area Chi - Lower West Side

Rooms

Basement Unfinished, Exterior Entry, Full

Interior

Heating Natural Gas

Fireplace N

Building

Dwelling Type Two to Four Units

Building Description Vinyl Siding,Frame, No

Sewer Public Sewer

Water Lake Michigan

Structure Type Vinyl Siding,Frame

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition Standard

Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Fabiola Mendoza of  Compass 

Nearby Locations

Melissa Garcia

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(630) 878-9868

melissagarcia@legacypropertiesil.com

217 Capitol Dr, Sugar Grove, IL, 60554, USA

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1425 W 16th ST