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
See this Listing
Schools
School District:
299
Interior
Heating
Electric
Exterior
Construction Materials
Brick
Other Structures
Other
Financial
Tax Year
2024
Taxes
$2,659
Map
Community
- Address16 E 118TH Place Chicago IL
- CityChicago
- CountyCook
- Zip Code60628
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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Copyright 2026. All rights reserved.
16 E 118TH Place
Chicago, IL


