1001 W 16th Street
Chicago, IL, 60608
$885,000
4 Beds
4 Baths
0 SqFt
0 Acres
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$885,000
1001 W 16th Street
Chicago, IL, 60608
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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.

Property Details

Price:
$885,000
MLS #:
MRD12461258
Status:
Active
Beds:
4
Baths:
4
Type:
Multi Family
Neighborhood:
chilowerwestside
Listed Date:
Sep 5, 2025
Chi – Lower West SideChilowerwestsideJungman Elementary SchoolJungman Elementary SchoolJuarez High School

Schools

School District:
299
Elementary School:
Jungman Elementary School
Middle School:
Jungman Elementary School
High School:
Juarez High School

Interior

Heating
Natural Gas, Forced Air, Sep Heating Systems – 2+, Indv Controls

Exterior

Community Features
Curbs, Gated, Sidewalks, Street Lights, Street Paved
Construction Materials
Brick
Parking Features
Off Alley, On Site, Owned
Parking Spots
3
Roof
Flat

Financial

Tax Year
2023
Taxes
$12,026
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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Current real estate data for Multi Family in Chicago as of Sep 10, 2025
1,522
Multi Family Listed
80
Avg DOM
$498,106
Avg List Price

Community

Subdivisions in Chicago

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Property Summary

    1001 W 16th Street Chicago IL is a Multi Family for sale in Chicago, IL, 60608. It is listed for $885,000 To schedule a showing of MLS#mrd12461258 at 1001 W 16th Street in Chicago, IL, contact your Compass / The Debra Dobbs Group agent at 3123074909.
1001 W 16th Street
Chicago, IL