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$350,000
1 Day On Site

16 E 118TH Place
Chicago, IL 60628

For Sale|Multi Family|Active
8
Beds
4
Total Baths
County:
Cook
Listing Courtesy of MRED as distributed by MLS Grid of North Clybourn Group, Inc.
Call Now: 312-767-7744
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312-767-7744
16 E 118TH Place16 E 118TH Place16 E 118TH Place16 E 118TH Place
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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.

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Listing Snapshot
Price 
$350,000
Days On Site 
1 Day
Bedrooms 
8
Inside Area (SqFt) 
N/A
Total Baths 
4
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
N/A
MLS® Number 
12572951
Status 
Active
Property Tax 
$2,658.99
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
4 hours agoListing updated with changes from the MLS®
yesterdayListing first seen on site
General Features
Property Sub Type 
Multi Family
Sewer 
Public Sewer
Utilities 
Cable Available
Water Source 
Public
Zoning 
MULTI
Interior Features
Basement 
Crawl Space
Cooling 
Ceiling Fan(s)
Heating 
Electric
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Exterior Features
Construction Details 
Brick
Other Structures 
Other
Community Features
MLS Area 
CHI - West Pullman
School District 
299
Township 
South Chicago
Schools
School District
299
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing Courtesy of MRED as distributed by MLS Grid of North Clybourn Group, Inc.



Based on information submitted to the MLS GRID as of 2026-02-27 01:12 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2026-02-27 01:12 PM UTC
MRED DMCA Copyright Information Copyright © 2026 Midwest Real Estate Data LLC. All rights reserved.

Neighborhood & Commute
Source: Walkscore
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