16 E 118th Place, Chicago IL 60628
$350,000

16 E 118th Place, Chicago IL 60628

$350,000
New
West Pullman Two to Four Units

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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.

Features & Information

Key Details
  • List Price $350,000
  • Property Taxes $2,659
  • Status New
  • List Market Time 3

Units

  • Unit 1
  • Floor 1
  • Rooms 4
  • Beds 2
  • Baths 1
  • Appliances Stove, Refrigerator
  • Rent $1,100/mo
  • Tenant Pays All
  • Lease Expires 00/00

  • Unit 2
  • Floor 2
  • Rooms 4
  • Beds 2
  • Baths 1
  • Appliances Stove, Refrigerator
  • Rent $1,100/mo
  • Tenant Pays All
  • Lease Expires 00/00

  • Unit 3
  • Floor 1
  • Rooms 4
  • Beds 2
  • Baths 1
  • Appliances Stove, Refrigerator
  • Tenant Pays All
  • Lease Expires 00/00

  • Unit 4
  • Floor 2
  • Rooms 4
  • Beds 2
  • Baths 1
  • Appliances Stove, Refrigerator
  • Rent $1,200/mo
  • Tenant Pays All
  • Lease Expires 00/00

Exterior Features

  • Parking
  • # of Cars:  0

Building Information
  • Number of Units 4
  • Age of Building Unknown

Location
  • County Cook
  • Township South Chicago
  • Corporate Limits Chicago
  • Directions to Property 118th Pl E/w To Property; Off Of 119th Wabash

  • Schools
  • Elementary School District 299
  • Junior High District 299
  • High School District: 299

  • Property Taxes
  • Tax 2658.99
  • Tax Year 2024
  • Tax Exemptions None
  • Parcel Identification Number 25223180170000

Listed by Chandra Shealey for North Clybourn Group, Inc. | Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 8/19/2026 4:32 PM. 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 West Pullman

On the far south side of Chicago, this older neighborhood, once home to scores of area factory workers, now houses scores of families that enjoy its rich history and affordable real estate. For an area that got its start as a residence for industrial labor (and a place with its fair share of factories), West Pullman has an unexpectedly high incidence of parkland, playlots and other outdoor recreation sites. The neighborhood's residential blocks range from verdant, tree-lined yards that require the care of a good push mower and gardener to more urban areas with tightly-packed dwellings stretching as far as the eye can see. Among the different housing styles found along the West Pullman streets there is one property that gets quite a bit more attention than any other home. It is a beautiful example of famous architect Frank Lloyd Wright's signature design, incorporating geometric forms, the surrounding landscape, in addition and elements of Japanese patterns.

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