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Off market
  • $487,700

    723 W 16th St, Chicago, IL 60616

    4beds
    1,900sqft
    MultiFamily
    Built in 1886
    -- sqft lot
    $487,700 Zestimate®
    $257/sqft
    $2,512 Estimated rent

    Home value

    $487,700

    $429,000 - $546,000

    $2,512/mo

    Zestimate® history
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    $3,419/mo

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    What's special

    Willis tower

    East Pilsen/University Village Legal two unit building at a wonderful location with a great northern view of the city skyline. The property is on 16th Street, half a block away from Halsted...check the map. Every time you walk out the door the Willis Tower greets you! Million Dollar properties located 2 blocks away at UIC University Village along with new restaurants, bars and nice parks. Excellent tenants in both 2 bedroom 1 bath units together paying over $2,550 monthly. Please do not disturb them, please. The annual real estate taxes are $5,550 and the insurance premium we pay is $1,400 a year. We are selling this property at a price of $485,000. The garage has room for 2 cars. The washer and dryer are located in the full unfinished and clean basement. You could duplex the 1st floor into the basement and create a fabulous owners unit or maybe build out another apartment for rent because it does have two exits. The building is in good shape because it has always been well maintained. Check the photos. It's clean and has had updates. Their is a value add opportunity here with a moderate update or keep it rented as is. Great home or investment property in an excellent location that still has upside potential! We are also selling this building without a seller real estate agent and choosing to sell directly By Owner. We will also consider seller financing for the right buyer. If you are working with an agent or are a real estate agent, we are willing to pay a fair market sales commission. We will not however sign an exclusive right to sell contract. No exclusive contracts please. If you or your client are prequalified for this purchase with proof and are a serious buyer please leave your name and number and we will call you back shortly or message us at reyadvisor at g m a i l dot c o m. Thank you!

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Forced air, Gas
    Cooling
    • Central
    Appliances
    • Included: Microwave, Range / Oven, Refrigerator, Washer
    Features
    • Flooring: Hardwood
    • Basement: Unfinished
    • Has fireplace: No
    Interior area
    • Total interior livable area: 1,900 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage - Detached, Off-street, On-street
    Features
    • Exterior features: Vinyl
    • Has view: Yes
    • View description: City
    Lot
    • Size: 2,500 sqft
    Details
    • Parcel number: 1721300013

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Frame
    • Roof: Shake / Shingle
    Condition
    • Year built: 1886

    Community & neighborhood

    Community
    • Community features: On Site Laundry Available
    Location
    • Region: Chicago

    Other

    Other facts
    • Cats Allowed
    • Cooling System: Central Air Conditioning
    • Heating system: Heat
    • Living room
    • Parking Type: Attached Garage
    • Parking Type: Detached Garage
    • Parking Type: Street Parking
    • Parking Type: attachedGarage
    • Parking Type: detachedGarage

    Price history

    DateEventPrice
    9/22/2021Listing removed--
    Source: Owner Report a problem
    8/24/2021Price change$475,000-2.1%$250/sqft
    Source: Owner Report a problem
    7/29/2021Price change$485,000-2%$255/sqft
    Source: Owner Report a problem
    7/21/2021Listed for sale$495,000+16.5%$261/sqft
    Source: Owner Report a problem
    3/24/2021Listing removed--
    Source: Owner Report a problem
    2/8/2019Listing removed$425,000$224/sqft
    Source: Owner Report a problem
    12/12/2018Listed for sale$425,000+112.5%$224/sqft
    Source: Owner Report a problem
    10/2/2017Listing removed$1,200$1/sqft
    Source: Owner Report a problem
    9/25/2017Listed for rent$1,200$1/sqft
    Source: Owner Report a problem
    12/11/2000Sold$200,000$105/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024-- $36,000 -9.9%
    2023$8,433 +2.6%$39,968
    2022$8,221 +2.3%$39,968
    2021$8,037 +50%$39,968 +66.2%
    2020$5,359 -3.5%$24,055 -13%
    2019$5,555 -15.8%$27,650 -17.3%
    2018$6,601 +52.5%$33,415 +66.2%
    2017$4,327 -1.2%$20,100 -8%
    2016$4,378 +9.3%$21,857
    2015$4,005 +24.9%$21,857 +26.4%
    2014$3,208 -13.2%$17,289 -14.9%
    2013$3,695 +1.4%$20,318
    2012$3,646 +25.4%$20,318 -7.6%
    2011$2,908 +4.3%$21,986
    2010$2,789 +11.4%$21,986
    2009$2,503 -1.4%$21,986 -10%
    2008$2,539 +17.1%$24,416
    2007$2,169 +28.6%$24,416 -8%
    2006$1,687 +17.8%$26,526 +82.3%
    2005$1,432 +1.9%$14,549
    2004$1,405 +4.5%$14,549
    2003$1,345 -5.4%$14,549 +49.4%
    2002$1,422 -15.7%$9,738
    2001$1,686 +77.9%$9,738
    2000$948 +0%$9,738 +40.4%
    1999$948 $6,935

    Find assessor info on the county website

    Neighborhood: East Pilsen

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $487,700
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    Estimated market value
    $487,700