$799,000

beds

baths

1425 W 16th Street

Chicago, Illinois 60608

Name: 1425 W 16th Street, Chicago, IL 60608
Price: 799000 USD
Availability: InStock

New / MLS #12658418 / Multiple Unit (2-4) / Lower West Side

Listing information updated 5/27/2026 at 10:43am

Exceptional investment opportunity in the heart of East Pilsen. This fully renovated, income-producing 3-unit property offers the ideal combination of strong in-place cash flow, modern upgrades, and long-term appreciation potential in one of Chicago's most vibrant neighborhoods. The building is fully occupied with established tenants and operates efficiently with separate utilities. Located just minutes from Downtown, the West Loop, major transportation, restaurants, galleries, nightlife, and continued luxury development throughout East Pilsen, this is a rare opportunity to acquire a stabilized asset in a rapidly appreciating market. Ideal for investors seeking a turnkey addition to their portfolio with a Cap Rate of 6.83. 2025 upgrades: Excavation and installation of ~ 1,500 sq ft of concrete with drain tile around entire property. New fencing and rear decking. Front building: 1BR/1BA complete remodel with high-end finishes, appliances, central air, and in-unit laundry. Front building: In-unit laundry. Complete plumbing updated to copper. Complete tear-off roof replacement, gutters, and downspouts. Rear coach house: 2BR/1BA complete remodel with high-end finishes, appliances, and new HVAC with central air. High-efficiency spray foam insulation was installed in both basements.

See it in person

Open House

10:00am - 1:00pm Saturday, May 30th, 2026 5/30/26

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Full Features

Exterior Type:

Vinyl Siding,Frame

Basement:

Unfinished,Exterior Entry,Full

Beds Above Grade:

Heating System:

Natural Gas

Pool:

Age:

100+ Years

Room Count:

Water Front:

Square Feet:

N/A

Lot Size:

.50-.99 Acre

Taxes & Assessments

Tax Amount:

$10,246

Tax Year:

2024

Location

Zip Code:

60608

City:

Chicago

County:

Cook

Schools

School District(s):

299

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Exterior Type:

Vinyl Siding,Frame

Basement:

Unfinished,Exterior Entry,Full

Beds Above Grade:

Heating System:

Natural Gas

Pool:

Age:

100+ Years

Room Count:

Water Front:

Square Feet:

N/A

Lot Size:

.50-.99 Acre

Tax Amount:

$10,246

Tax Year:

2024

Zip Code:

60608

City:

Chicago

County:

Cook

School District(s):

299

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Listing Office: Compass

Listing Office Phone: 773.466.7150

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 5/27/2026 at 10:43am. 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. Some listings have been excluded from this website.

1425 W 16th Street

Chicago, Illinois 60608