3142 W 16th Street
Chicago, IL 60623

Status: Active
Multi Family
11 beds
0 baths
0 sq.ft
Listing Price: $650,000
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About this home

Rare opportunity to buy a five unit, investment property that is full occupied. This three unit building, with a two unit coach house, was fully rehabbed (electrical, plumbing and HVAC) in 2023. The main building has a 2bd/1ba garden unit, 3bd/1ba first floor unit and a 4bd/1ba penthouse. The coach house has two units, a 2bd/1ba upstairs and a studio on the ground level. The seller does not know of the legal status of the studio unit. Each unit has a mixture of hardwood and tile flooring throughout the living spaces, stainless steel appliances in the main building kitchens and laundry hookups in two units, also in the main building. The building has a new roof, new windows and tuckpointing. Tenants pay a total of $6, 650 in rent each month. Start earning money on your first day as a landlord.

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building Yes
Approx Year Built 1900
Exterior Building Type Block
Parking None
Rehab Year 2023
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - North Lawndale
Corporate Limits Chicago
Directions Ogden Ave south to Albany Ave. North to 16th Street.
Elementary Sch Dist 299
Heat/Fuel Natural Gas
High Sch Dist 299
Water Lake Michigan
Jr High/Middle Dist 299
Township West Chicago
Interior Features
Basement Description None
Basement Bathrooms No
Basement None
Bedrooms Count 11
Bedrooms Possible 11
Baths Count 5
Full Baths in Building Count 5
Total Rooms 24
Units
unit 1
Beds Total 2
Baths Total 1
Actual Rent 1500
Appliances And Features Stove, Refrigerator, Central Air Conditioner
Full Baths Total 1
Lease Expiration Date MO/MO
Rooms Total 5
Tenant Pays All
Floor Number G
unit 2
Beds Total 3
Baths Total 1
Actual Rent 1600
Appliances And Features Stove, Refrigerator, Microwave, Central Air Conditioner, Laundry Hook-Up, Hardwood Floors
Full Baths Total 1
Lease Expiration Date MO/MO
Rooms Total 6
Tenant Pays All
Floor Number 1
unit 3
Beds Total 4
Baths Total 1
Actual Rent 1750
Appliances And Features Stove, Refrigerator, Microwave, Central Air Conditioner, Laundry Hook-Up, Hardwood Floors
Full Baths Total 1
Lease Expiration Date MO/MO
Rooms Total 7
Tenant Pays All
Floor Number 2
unit 4
Beds Total 2
Baths Total 1
Actual Rent 1000
Appliances And Features Stove, Refrigerator, Central Air Conditioner
Full Baths Total 1
Lease Expiration Date MO/MO
Rooms Total 4
Tenant Pays All
Floor Number 2
Property / Lot Details
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 3 Flat, Coach House
Number Of Units in Building 4
Property Type Two to Four Units

Financials

Investment Profile Residential Income

Tax/Assessments/Liens

PIN 16241060230000
Special Assessments N
Taxes $3,329
Tax Year 2021
$650,000 Listing Price:
MLS # 12027533
Investment Profile Residential Income
Listing Market Time 24 days
Basement None
Type Unit 3 Flat, Coach House
Number of Units in Building 4
Parking None
List Date 04/11/2024
Year Built 1900
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