1425 West 16th, Chicago IL 60608
- Units 3
- Total Beds 4
- Total Baths 3
- Taxes $10,246.32
- Payment Estimate View Mortgage Calculator
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Property Description
Exceptional investment opportunity in the heart of 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 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. Current rents 2100, 1800, 1650 (below market rent due to long time tenant). 2025 upgrades: Excavation and installation of ~ 1,500 sq ft of private concrete patio with drain tile around entire property. New fencing and rear decking. Front building Unit 1: 1BR/1BA complete remodel with high-end finishes, appliances, central air, and in-unit laundry. Front building Unit 2: In-unit laundry added (2024 complete remodel). Complete tear-off roof replacement, gutters, and downspouts of main building and coach house. 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.
Features & Information
Key Details
- List Price $799,000
- Property Taxes $10,246.32
- Price/ Sq. Ft. Unavailable
- Year Built 1880
- Parking Type None
- Status Active
Rooms
- Total Rooms 13
- Basement F
Exterior Features
-
Parking
- Parking Details None
- # of Cars: 0
Building Information
- Number of Units 3
- Age of Building 100+ Years
- Exterior Construction Vinyl Siding,Frame
- Heating & Cooling Gas
-
Units
- Unit 1 Stove, Refrigerator, Washer, Dryer, Microwave
- Unit 2 Stove, Refrigerator, Washer, Dryer, Microwave, Central Air Conditioner, Walk-In Closet
- Unit 3 Stove, Refrigerator, Washer, Dryer, Microwave, Central Air Conditioner, Skylights/Windows
Location
- County Cook
- Township West Chicago
- Corporate Limits Chicago
- Directions to Property South On Ashland To 16th St, East To Property.
-
Schools
- Elementary School District 299
- Junior High District 299
- High School District: 299
-
Property Taxes
- Tax 10246.32
- Tax Year 2024
- Parcel Identification Number 17203010120000
Utilities
- Sewer Sewer-Publ
Listed by: Compass | Phone: 773.466.7150
Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 6/9/2026 9:02 AM. 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.
Explore Pilsen
A vibrant neighborhood situated on the city’s Lower West Side, Pilsen is one of Chicago’s oldest communities. Weathered stone castles, colorful turrets, and ornamental accents harken back to the area’s Bohemian roots. Building on its working-class roots, Pilsen has become a destination for the arts in Chicago—striking murals and vivid mosaics can be found throughout the neighborhood. Pilsen is home to a variety of galleries and museums, such as the National Museum of Mexican Art, one of the most prominent institutions for Mexican art and culture in the United States. Multi-generational mom and pop shops sit side-by-side some of the city’s finest dining. From off the beaten track locales to hip eateries, Pilsen offers a wide variety ideal for all. Vintage shops, independent cafes, and offbeat markets add to the neighborhood’s charm.
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