16 E 118TH PL, Chicago, IL 60628
16 E 118TH PL, Chicago, IL 60628
16 E 118TH PL, Chicago, IL 60628
16 E 118TH PL, Chicago, IL 60628
16 E 118TH PL, Chicago, IL 60628
16 E 118TH PL, Chicago, IL 60628
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Serene Realty, Inc

Serene Realty, Inc

+1(312) 650-7940
$ 350,000
Est. payment | /mo

8 Beds

4 Baths

Save
$ 350,000
Est. payment | /mo
Save

8 Beds

4 Baths

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 12676380

Bedrooms 8

Annual Tax Amount $2,658

Tax Year 2024

Lot Dimensions 25 X 125

Property Sub-Type Two to Four Units

Property Description

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.

Location

State IL

County Cook

Area Chi - West Pullman

Zoning MULTI

Rooms

Basement Crawl Space

Interior

Heating Electric

Equipment TV-Cable, Ceiling Fan(s)

Fireplace N

Building

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer

Water Public

Structure Type Brick

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition List Broker Must Accompany

Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Chandra Shealey of  North Clybourn Group, Inc. 

NEARBY SCHOOLS & PROPERTIES

Serene Realty, Inc

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

+1(312) 650-7940

info@serenerealtyinc.com

2600 S. Michigan Avenue, Suite 102, Chicago, IL, 60616, United States

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16 E 118TH PL