16 E 118TH Place, Chicago, IL 60628

• 8 beds |
• 4 baths

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.

Listing Status:

Active

Data Last Updated:

August 24, 2026 at 10:18PM

Listing Office:

North Clybourn Group, Inc. : 773-252-0600

Listing Agent:

Chandra Shealey : 773-544-2144

MLS ID:

12733362

Interior

• Basement: Crawl Space
• Heating: Electric

Exterior

• Other Structures: Other
• Parking: Parking spaces: 0

Location

• Originating MLS: mred
• School District: 299
• County: Cook

Lot

• Zoning: MULTI25223180170000

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: mred
• Ownership: Fee Simple