16 E 118TH Place
Chicago, IL, 60628
$350,000
8 Beds
4 Baths
0 SqFt
0 Acres
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MLS #MRD12676380 image #0
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 ofset 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 Details

Price:
$350,000
MLS #:
MRD12676380
Status:
Active
Beds:
8
Baths:
4
Type:
Multi Family
Neighborhood:
chiwestpullman
Listed Date:
Jun 12, 2026
Chi – West PullmanChiwestpullman

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Schools

School District:
299

Interior

Heating
Electric

Exterior

Construction Materials
Brick
Other Structures
Other

Financial

Net Operating Income
$47,941
Tax Year
2024
Taxes
$2,659

Map

Community

Market Summary

Current real estate data for Multi Family in Chicago as of Jun 17, 2026
1,408
Multi Family Listed
79
Avg DOM
$532,220
Avg List Price

Property Summary

    16 E 118TH Place Chicago IL is a Multi Family for sale in Chicago, IL, 60628. It is listed for $350,000

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16 E 118TH Place
Chicago, IL