O'Neil Property Group

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$350,000
85 Days On Site

16 E 118TH Place
Chicago, IL 60628

For Sale|Multi Family|Active
8
Beds
4
Total Baths
County:
Cook
Listing Courtesy of MRED as distributed by MLS Grid of North Clybourn Group, Inc.
16 E 118TH Place16 E 118TH Place16 E 118TH Place16 E 118TH Place
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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.

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Listing Snapshot
PriceΒ 
$350,000
Days On SiteΒ 
85 Days
BedroomsΒ 
8
Inside Area (SqFt)Β 
N/A
Total BathsΒ 
4
Full BathsΒ 
N/A
Partial BathsΒ 
N/A
Lot SizeΒ 
N/A
Year BuiltΒ 
N/A
MLS NumberΒ 
12733362
StatusΒ 
Active
Property TaxΒ 
$2,658.99
HOA/Condo/Coop FeesΒ 
N/A
Sq Ft SourceΒ 
N/A
Friends & Family
Recent Activity
3 weeks agoListing updated with changes from the MLS
3 months agoStatus changed to Active
3 months agoListing first seen on site
General Features
Property Sub TypeΒ 
Multi Family
SewerΒ 
Public Sewer
UtilitiesΒ 
Cable Available
Water SourceΒ 
Public
ZoningΒ 
MULTI
Interior Features
BasementΒ 
Crawl Space
CoolingΒ 
Ceiling Fan(s)
HeatingΒ 
Electric
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Exterior Features
Construction DetailsΒ 
Brick
Other StructuresΒ 
Other
Community Features
MLS AreaΒ 
CHI - West Pullman
School DistrictΒ 
299
TownshipΒ 
South Chicago
Schools
School District
299
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing Courtesy of MRED as distributed by MLS Grid of North Clybourn Group, Inc.



Based on information submitted to the MLS GRID as of 2026-11-08 09:22 AM UTC. 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.
Last checked: 2026-11-08 09:22 AM UTC
MRED DMCA Copyright Information Copyright Β© 2026 Midwest Real Estate Data LLC. All rights reserved.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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