3142 West 16th Street

Chicago, IL 60623

$650,000
Price
11
Beds
5
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

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...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.
  1. Listed by William Barroso • Westward 360
  2. Listed by Lisa Barroso • Westward 360

Property Details for 3142 West 16th Street

Area
CHI - North Lawndale
Township
West Chicago
Ownership
Fee Simple
Num Of Parking Spaces
0.0
Heat/Fuel
Natural Gas

Location

Listing Courtesy of Westward 360
Add your commute
LISTING UPDATED: 04/28/2024 06:06 PM

Property Details for 3142 West 16th Street

StatusPrice Change
MLS #12027533
Days on Market19
Taxes$3,329 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 3 Flat
Year Built1900
Lot Size0.00 AC / 0 SF
CountyCook County

Location

Listing Courtesy of Westward 360
Add your commute

Building Information for 3142 West 16th Street

Stories-Residences4Year Built1900Building Size-Lot Size0.00 AC / 0 SF

Payment Calculator

$3,825 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,547

Property Taxes

$277

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3142 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: None
Property Information
Interior Features
  • Num Of Rooms: 24
  • Bedrooms (Below Grade): 0
  • Basement Type: None
  • Bedrooms Possible: 11
  • Basement Description: None
  • Basement Bathrooms: No
  • # Full Baths in Building: 5
  • # Half Baths in Building: 0
  • Num of Baths: 5.0
Utilities / Equipment
  • Water: Lake Michigan
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2023
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 0
  • Total # Units in Building: 4.0
  • Waterfront: No
  • Exterior Building Type: Block
  • General Information: None
  • North Coordinate: 0
  • South Coordinate: 16
  • East Coordinate: 0
  • West Coordinate: 3142
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Public Document Count: 3
  • Document Date: 2024-04-12T16:01:27
  • Photos Count: 26
  • OpenHouse Count: 1
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Unit 1
  • Unit Type Actual Rent: $1,500.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Lease Expiration Date: MO/MO
Unit 2
  • Unit Type Actual Rent: $1,600.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Lease Expiration Date: MO/MO
Unit 3
  • Unit Type Actual Rent: $1,750.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Type: Unit 3
  • Lease Expiration Date: MO/MO
Unit 4
  • Unit Type Actual Rent: $1,000.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4
  • Lease Expiration Date: MO/MO

Property History for 3142 West 16th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 3142 West 16th Street

Taxable ValueLand-Additions-Total-
Home Facts
Lot Size16,794 SqFtStyleGovernmental / Public UseCountyCOOKAPN16-24-300-003

Schools near 3142 West 16th Street

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - 9 to 12
Charter - K to 8
Rating
School
Distance
Johnson Elementary School
PublicPK to 8

Manley Career Academy High School
Public9 to 12

North Lawndale Prep Chtr - Christ
Charter9 to 12

Legacy Elementary Charter School
CharterK to 8

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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3142 West 16th Street is a multi-family home for sale in Chicago, IL 60623. This property was listed for sale on April 11, 2024 by Westward 360, it's currently listed at $650,000. It has been on the market for a total of 19 days and was last sold on November 22, 2022. This listing's school district is City Of Chicago School District 299. Nearby schools include Johnson Elementary School, Manley Career Academy High School and North Lawndale Prep Chtr - Christ. 3142 West 16th Street is a 11-bed, 5-bath, multi-family home built in 1900.

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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Westward 360

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.