Date
Details
Price
Change
Source
3/03/2026
Listed
$875,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$875,000 Just Listed
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Property Description
Turn-Key 4-Unit in East Pilsen | Fully Renovated | Fully Rented w/ Strong Tenants | Prime Location!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 separately metered, with tenants paying their own gas and electric. Owner just pays aprox. $150/mo for water and $25/mo electric in basement! 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.
Full Property Details
Full Property Details for 1001 W 16th St
General
- Price: $875,000
- Taxes: $9,442 (2024)
- Status: Active
- Type: Multi-Family
- Source: MRED
- MLS ID: 12581857
- Updated: Today (3/3/2026)
- Added to Site: Today
Rental Information
- Complex Features: Curbs, Gated, Sidewalks, Street Lights, Street Paved
Interior
- Basement: Unfinished
Rooms
Bathrooms
- Total Bathrooms: 4
- Upper - Full Baths: 4
Bedrooms
- Total Bedrooms: 4
Additional Information
- Other Features: School Bus Service, Commuter Bus, Commuter Train, Interstate Access
Parking
- Total Spaces: 3
- Parking Features: Off-Alley, Yes, Owned
Location
- Area: CHI - Lower West Side
- County: Cook
- Township: West Chicago
- Driving Directions: Halsted to 16th Street, West to property. Corner of Morgan & 16th Street.
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
- Elementary School: Jungman Elementary School
- Middle School: Jungman Elementary School
- High School: Juarez High School
- Private School: Juarez High School
Heating & Cooling
- Heating Type: Natural Gas, Forced Air, Sep Heating Systems - 2+, Individual Controls
Utilities
- Sewer: Public Sewer
- Water: Lake Michigan, Public
- Onsite: Cable Available
Structural Information
- Model: 4 UNIT
- Construction: Brick
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Unfinished, Full, Daylight
- Foundation: Concrete Perimeter
- Roof: Flat
- Windows: Screens
- Built Before 1978: Yes
- Remodeled/Updated: 2017
Unit Information
- Units in Building: 4
Manufactured Home
- Model: 4 UNIT
Lot Features
- Lot Size Range: Standard Chicago Lot
- Lot Dimensions: 22 x 100
- Lot Features: Common Grounds, Corner Lot
- Zoning: MULTI
Financial Considerations
- Insurance Fee: $5,500
- Parking Included: Yes
- Tax Amount: $9,442.68
- Tax Year: 2024
- Pays Electric: 420
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 17204030320000
Listed by Kale Realty
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Listing agent
— 1001 W 16th St —
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NMLS#: 1598647
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Schools
Schools serving 1001 W 16th St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Jungman Elementary School 1746 South Miller Street, Chicago, IL 60608 | PK-8 | 0.1 mi |
Juarez Community Academy High School 1450 West Cermak Road, Chicago, IL 60608 | 9-12 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1001 W 16th St
Tax History
Tax History for 1001 W 16th St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$12,026
3%
$57,000
—
2022
$11,724
2%
$57,000
—
2021
$11,462
61%
$57,000
78%
2020
$7,134
-2%
$32,023
-13%
2018
$7,271
-2%
$36,809
—
2019
$7,395
34%
$36,809
43%
2017
$5,539
7%
$25,729
—
2016
$5,153
9%
$25,729
—
2015
$4,715
22%
$25,729
24%
2014
$3,858
2%
$20,791
—
2013
$3,781
1%
$20,791
—
2012
$3,731
—
$20,791
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1001 W 16th St
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- Single Family
- Active
- Updated 2 hours ago
- 3Beds
- 3Total Baths
- 1,680Sq. Ft.
- Single Family
- Active
- Updated 5 hours ago
- 3Beds
- 1Total Bath
- 1,342Sq. Ft.
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- Single Family
- Active
- Updated 2 days ago
- 5Beds
- 2Total Baths
- 1,786Sq. Ft.
- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 2Total Baths
- 3,241Sq. Ft.
- Single Family
- Active
- Updated 5 hours ago
- 4Beds
- 2Total Baths
- 1,152Sq. Ft.
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- Multi-Family
- Closed
- 6Total Beds
Listed by Mabel Guzman and Ebony Doyle
1001 W 16th Street, Chicago, IL 60608 (MLS# 12581857) is a Multi-Family property with 4 units containing 4 bedrooms and 0 full bathrooms. 1001 W 16th Street is currently listed for $875,000 and was received on March 03, 2026. Want to learn more about 1001 W 16th Street? Do you have questions about finding other Multi-Family real estate for sale in Lower West Side? You can browse all Lower West Side real estate or contact a Coldwell Banker agent to request more information.