3118 W 16th St

Chicago, IL 60623

$330,000
Price
—
Beds
—
Baths
2,425 Sq. Ft.
$136 / Sq. Ft.
2,425
Sq. Ft.
$136
per Sq. Ft.
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Compass Coming Soon
Compass Coming Soon

Description

SELLING AS-IS! This classic gray stone two-flat sits proudly on an oversized corner lot, offering the kind of space and opportunity that rarely hits the market in red-hot North Lawndale. Beautiful curb appeal meets unmatched potential with this one. Inside, the property features a garden apartment with unusually high ceilings, making it an ideal candidate to convert into a legal third unit. Whether you're an investor with vision or a buyer exploring an FHA 203K renovation loan, this building is set...SELLING AS-IS! This classic gray stone two-flat sits proudly on an oversized corner lot, offering the kind of space and opportunity that rarely hits the market in red-hot North Lawndale. Beautiful curb appeal meets unmatched potential with this one. Inside, the property features a garden apartment with unusually high ceilings, making it an ideal candidate to convert into a legal third unit. Whether you're an investor with vision or a buyer exploring an FHA 203K renovation loan, this building is set up to become a true income-producing powerhouse. But the crown jewel is an eight-car garage-perfect for generating additional monthly income through parking rentals, storage, or creative repurposing. With multiple pathways to add value and maximize returns, 3118 W 16th St is a rare gem ready for someone who recognizes long-term potential when they see it.

Listing Agent

  1. Monard Lee

    Monard Lee

    Listing Agent

    Compass

    monard.lee@compass.com

    P: (773)-876-9636

    CallTextEmail

Property Details for 3118 West 16th Street

Area
CHI - North Lawndale
Township
West Chicago
Ownership
Fee Simple
Num Of Garage Spaces
8.0
Num Of Parking Spaces
8.0
Parking Included in Price
Yes
LISTING UPDATED: 03/05/2026 02:32 AM

Property Details for 3118 West 16th Street

StatusActive ( Private )
MLS #12486870
Days on Market-
Taxes$2,540 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 3 Flat
Year Built1888
Lot Size0.09 AC / 3,920 SF
CountyCook County
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Location

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Building Information for 3118 West 16th Street

Stories-Residences3Year Built1888Building Size-Lot Size0.09 AC / 3,920 SF

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$1,820 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,608

Property Taxes

$212

HOA Dues

$0

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Property Information for 3118 West 16th Street

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Parking Details: Yes, Garage Owned, Detached, Garage
Property Information
Interior Features
  • Bedrooms (Below Grade): 0
  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved
  • Basement Type: Finished, Full
  • Num of Baths: 0.0
Utilities / Equipment
  • Sewer: Sewer-Public
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Description: Level
  • Lot Size: Less Than .25 Acre
  • Lot Size Source: County Records
  • Lot Dimensions: 25x165
  • Total # Units in Building: 3.0
  • Construction: Stone
  • Roof Type: Asphalt
Property and Assessments
  • Public Document Count: 1
  • Document Date: 2025-11-04T21:24:24
  • Photos Count: 46
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 3

Property History for 3118 West 16th Street

DateEvent & SourcePriceAppreciation
Mar 27, 2001

Sold (Public Record)

Public Record #70954417

$74,000

+3.8% / yr

Oct 16, 1997

Sold (Public Record)

Public Record #19005263

$65,000—
DateEvent & SourcePrice
03/27/2001

Sold (Public Record)

Public Record #70954417

$74,000

+3.8% / yr

10/16/1997

Sold (Public Record)

Public Record #19005263

$65,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3118 West 16th Street

Taxable ValueLand$4,817Additions$7,182Total$11,999
Tax Record2023$2,540 ($212 / month)
Home Facts
Baths3Total Finished SqFt3,192 SqFtAbove Grade Finished SqFt3,192 SqFtStories2Lot Size4,100 SqFtStyleMulti-Family Res (5+ Units)Year Built1888CountyCOOKAPN16-24-106-031

Schools near 3118 West 16th Street

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Johnson Elementary School
Public - PK to 8
Manley Career Academy High School
Public - 9 to 12
Art in Motion Charter School
Charter - 7 to 12
Jefferson Alt High School
Public - 6 to 12
Rating
School
Distance
Johnson Elementary School
PublicPK to 8

Manley Career Academy High School
Public9 to 12

Art in Motion Charter School
Charter7 to 12

Jefferson Alt High School
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 3118 West 16th Street, Chicago, IL 60623

3118 West 16th Street is a multi-family home Coming Soon in Chicago, IL 60623. This property is currently priced at $330,000. This listing's school district is Chicago Public Schools. Nearby schools include Johnson Elementary School, Manley Career Academy High School and Art in Motion Charter School. 3118 West 16th Street is a 0-bed, 0-bath, 2,425 sqft multi-family home built in 1888.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 03/05/2026 02:32 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.