16 E 118TH Place
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 offset 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.
- Sharks Fish & Chicken 300 ft
- Pepe's Mexican Restaurant 0.8 mi
- McDonald's 0.9 mi
- Baba's Steak & Lemonade 0.9 mi
- Subway 1.0 mi
- Wendy's 1.0 mi
- Citgo 0.2 mi
- Farmfoods 0.6 mi
- Karkar Food 0.6 mi
- Kensington Korner 0.7 mi
- Citgo 1.0 mi
- Mobil Mart 1.1 mi
- Park No. 584 0.2 mi
- Kensington Park 0.4 mi
- West Pullman Park 0.8 mi
- Kiwanis Field 0.8 mi
- Palmer Park 0.9 mi
- Park No. 573 1.0 mi
- Cal Harbor Restaurant & Lounge 0.8 mi
- Dunkin' 1.1 mi
- The Pullman Cafe 1.1 mi
- Pullman Club Coffee Shop 1.2 mi
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MLS data provided through MLS GRID · MRED MLS · MLS# MRD12572951