3602 W 16th St

Chicago, IL 60623

$639,999
Price
—
Beds
—
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
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a sign that is on the wall of building
a living room with furniture
a view of storage and utility room
a storage room with stove and chairs
a living room with furniture and a wooden floor
a living room with furniture and a flat screen tv
a bathroom with a sink toilet and shower
a living room with furniture and a flat screen tv
a room with a table chairs and wooden floor

Description

Well-maintained mixed-use investment opportunity in North Lawndale! This property features a fully operational restaurant on the main level and three residential units above. Two of the three 2-bedroom units are currently occupied, generating income from day one, with the third ready for lease or updates as needed. The building offers solid interior and exterior condition, functional systems, and a layout ideal for long-term rental or portfolio expansion. Conveniently located near neighborhood amenities,...Well-maintained mixed-use investment opportunity in North Lawndale! This property features a fully operational restaurant on the main level and three residential units above. Two of the three 2-bedroom units are currently occupied, generating income from day one, with the third ready for lease or updates as needed. The building offers solid interior and exterior condition, functional systems, and a layout ideal for long-term rental or portfolio expansion. Conveniently located near neighborhood amenities, transit, and local business corridors. Property is being sold with tenants' rights respected.
  1. Listed by Anthony Kirkland • Coldwell Banker Realty
    P: (773)-802-4144 C: (773)-802-4144 theacebroker@icloud.com;theacebroker@icloud.com

Property Details for 3602 West 16th Street

Area
CHI - North Lawndale
Township
West Chicago
Air Conditioning Type
None
LISTING UPDATED: 01/11/2026 06:49 PM

Property Details for 3602 West 16th Street

StatusActive
MLS #12522997
Days on Market109
Taxes$4,436 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1911
Lot Size0.06 AC / 2,500 SF
CountyCook County
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Location

Listing Courtesy of Coldwell Banker Realty
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Building Information for 3602 West 16th Street

Stories2Residences4Year Built1911Lot Size0.06 AC / 2,500 SF

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$3,489 per month

30 year fixed, 6.15% Interest

Principal and Interest

$3,119

Property Taxes

$370

HOA Dues

$0

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Property Information for 3602 West 16th Street

General Information
Location and General Information
  • Frontage Type: City Street
  • Geographic Locale: Chicago West
  • Information: None
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: None
  • Electric: Circuit Breakers
  • Heat/Ventilation: Forced Air
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 3
Property/Lot Information
  • Tenant Pays: All Utilities
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 25 x 99.8
  • Lot Size Square Feet: 2500.0
  • Stories: 2
  • Construction: Brick
  • Roof Type: Tar/Gravel
  • Fire Protection: Smoke or Fire Protectors
  • Building Area Total: 3726
  • # Of Offices: 0
  • # Of Stores: 1
  • Property Sub Type: Mixed Use
Property and Assessments
  • Possible Use: Commercial
  • Public Document Count: 0
  • Photos Count: 10
Miscellaneous
  • Location: Mixed Use Area
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
Income & Expenses
  • Electric Expense: $5,854.00
  • Fuel Expense: $6,744.00
  • Gross Income: $43,200.00
  • Gross Scheduled Income: $43,200.00
  • Insurance Expense: $497.00
  • Electric Expense Source: Owner Projection
  • Fuel Expense Source: Owner Projection
  • Insurance Expense Source: Owner Projection
  • Other Expense Source: Owner Projection
  • Trash Expense Source: Owner Projection
  • Total Monthly Income: 2400
  • Water Expense Source: Owner Projection
  • Other Expense: $1,860.00
  • Trash Expense: $1,836.00
  • Water Sewer Expense: $4,800.00

Property History for 3602 West 16th Street

DateEvent & SourcePriceAppreciation
Nov 24, 2025

Listed (Active)

MRED #12522997

$639,999—
May 15, 2017

Sold (Public Record)

Public Record #602088284

$25,000

+20.1% / yr

Feb 26, 2016

Sold (Public Record)

Public Record #566903539

$20,000

-17.6% / yr

Nov 28, 2014

Cancelled

MRED #08498353

$19,000—
Dec 4, 2013

Listed (Active)

MRED #08498353

$59,900—
Nov 18, 2010

Expired

MRED #07612217

$199,000—
Aug 18, 2010

Listed (Active)

MRED #07612217

$298,000—
Feb 7, 2010

Expired

MRED #06794824

$309,900—
Feb 7, 2008

Listed (Active)

MRED #06794824

$309,900—
Mar 29, 2007

Cancelled

MRED #06118908

$349,500—
Apr 27, 2006

Listed (Active)

MRED #06118908

$349,500—
Oct 25, 2004

Sold (Public Record)

Public Record #150084780

$180,000

+211.3% / yr

Jan 29, 2003

Sold (Public Record)

Public Record #108619795

$25,000—
DateEvent & SourcePrice
11/24/2025

Listed (Active)

MRED #12522997

$639,999
05/15/2017

Sold (Public Record)

Public Record #602088284

$25,000

+20.1% / yr

02/26/2016

Sold (Public Record)

Public Record #566903539

$20,000

-17.6% / yr

11/28/2014

Cancelled

MRED #08498353

$19,000
12/04/2013

Listed (Active)

MRED #08498353

$59,900
11/18/2010

Expired

MRED #07612217

$199,000
08/18/2010

Listed (Active)

MRED #07612217

$298,000
02/07/2010

Expired

MRED #06794824

$309,900
02/07/2008

Listed (Active)

MRED #06794824

$309,900
03/29/2007

Cancelled

MRED #06118908

$349,500
04/27/2006

Listed (Active)

MRED #06118908

$349,500
10/25/2004

Sold (Public Record)

Public Record #150084780

$180,000

+211.3% / yr

01/29/2003

Sold (Public Record)

Public Record #108619795

$25,000

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

Public Records for 3602 West 16th Street

Taxable ValueLand$2,937Additions$6,562Total$9,499
Tax Record2023$2,011 ($168 / month)
Home Facts
Baths5Total Finished SqFt3,726 SqFtAbove Grade Finished SqFt3,726 SqFtStories2Lot Size2,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1911CountyCOOKAPN16-23-129-041

Schools near 3602 West 16th Street

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Dvorak Technology Acad Elementary School
Public - PK to 8
Farragut Career Academy High School
Public - 9 to 12
Art in Motion Charter School
Charter - 7 to 11
Jefferson Alt High School
Public - 6 to 12
Rating
School
Distance
Dvorak Technology Acad Elementary School
PublicPK to 8

Farragut Career Academy High School
Public9 to 12

Art in Motion Charter School
Charter7 to 11

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 3602 West 16th Street, Chicago, IL 60623

3602 West 16th Street is a mixed use property for sale in Chicago, IL 60623. This property was listed for sale on November 24, 2025 by Coldwell Banker Realty, it's currently listed at $639,999. It has been on the market for a total of 109 days and was last sold on May 15, 2017. This listing's school district is Chicago Public Schools. Nearby schools include Dvorak Technology Acad Elementary School, Farragut Career Academy High School and Art in Motion Charter School. 3602 West 16th Street is a 0-bed, 0-bath, mixed use property built in 1911.

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.

Listing Courtesy of Coldwell Banker Realty

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 01/11/2026 06:49 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.