Chicago, IL 60608 1001 W 16th Street

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Presented By: Kale Realty
  • MLS# 12461258
  • 09/05/2025
  • Request Tour
  • Request Info
  • Beds • 4
  • Baths • 4
  • SQFT • 2,250

Home Details

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.
Presented By: Kale Realty

Interior Features for 1001 W 16th Street

Bedrooms

Bedrooms Possible4
Total Bedrooms4

Bathrooms

Full Baths Building4
Half Baths Building
Total Baths4

Other Interior Features

BasementUnfinished, Full, Daylight
Total Number of Units4

General for 1001 W 16th Street

CityChicago
Community FeaturesCurbs, Gated, Sidewalks, Street Lights, Street Paved
Construction MaterialsBrick
CountyCook
DirectionsHalsted to 16th Street, West to property. Corner of Morgan & 16th Street.
Electric Expense300
Elementary SchoolJungman Elementary School
Elementary School District299
Gross Income76900
HeatingNatural Gas, Forced Air, Sep Heating Systems - 2+, Indv Controls
High SchoolJuarez High School
High School District299
MLS AreaCHI - Lower West Side
Middle/Junior High SchoolJungman Elementary School
Middle/Junior School District299
ModificationTimestamp2025-09-08T08:25:01.676Z
New ConstructionNo
OwnershipFee Simple
PossessionClosing
Property TypeResidential Income
Property TypeTwo to Four Units
RoofFlat
SewerPublic Sewer
Standard StatusActive
StatusNew
Tax Annual Amount12026
Tax Year2023
Total Rooms12
TownshipWest Chicago
UtilitiesCable Available
Water Sewer Expense1800
ZoningMULTI

Exterior for 1001 W 16th Street

Foundation DetailsConcrete Perimeter
Lot Dimensions22 X 100
Lot FeaturesCommon Grounds, Corner Lot
Model4 UNIT
Parking FeaturesOff Alley, On Site, Owned
Total Parking3
Water SourceLake Michigan, Public
Waterfront Y/NNo

Additional Details

Price History

Schools

High School Juarez High School
Middle School Jungman Elementary School

Client Care

Price $885,000
MLS#12461258
List Date 09/05/2025
Property Type Multi-Family
Phone 847.485.2500
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