Investor alert in West Humboldt Park! This classic brick building is a legal 3-flat with an additional fully renovated 2-bedroom, 1-bath garden unit featuring front and rear egress. Situated on an oversized lot, the three large 3-bedroom, 1-bath units each offer formal dining rooms, high ceilings, hardwood floors, original built-ins, and enclosed back porches. The garden unit is currently vacant and ready to rent at market rates between 1,500-1,700 dollars/month, while the three main units are occupied and generating steady income. Recent improvements include two new furnaces and AC units (servicing three units), sump pump and flood control system, partial sewer line replacement, new stainless appliances in the basement, unit 2, and unit 3, a walkout door added to the basement, extended HVAC into the laundry, new washer and dryer, electrical upgrades, and a garage door opener for the 3-car garage. Roof is approximately 8 years old. All units have gas-forced air, central AC, and separate utilities. Shared laundry in basement. Garage provides extra income. Property is being sold as-is. Seller and broker make no representations as to the legal status of the garden unit.
New
$650,000
1516 N Keystone Ave, Chicago, IL 60651
11beds
--sqft
Est.:
Multi Family
Built in 1912
-- sqft lot
$642,200 Zestimate®
$--/sqft
$-- HOA
What's special
Brick buildingHigh ceilingsOriginal built-insOversized lotFormal dining roomsEnclosed back porchesHardwood floors
- 3 days
- on Zillow |
- 237 |
- 26 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: 23 hours ago
Listing courtesy of:
Dan Nelson 773-466-7150,
Compass
Source: MRED as distributed by MLS GRID,MLS#: 12325723

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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 4
- Full bathrooms: 4
Rooms
- Room types: Enclosed Porch
Heating
- Natural Gas
Features
- Windows: Screens
- Basement: Finished,Partially Finished,Partial
Property
Parking
- Total spaces: 3
- Parking features: On Site, Garage Owned, Detached, Garage
- Garage spaces: 3
Lot
- Size: 4,662 Square Feet
- Dimensions: 37X126
Details
- Parcel number: 16032090260000
- Zoning: MULTI
- Special conditions: None
- Other equipment: Sump Pump
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Roof: Flat
Condition
- New construction: No
- Year built: 1912
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan, Public
Community & HOA
Community
- Security: Carbon Monoxide Detector(s)
Location
- Region: Chicago
Financial & listing details
- Tax assessed value: $421,160
- Annual tax amount: $8,912
- Date on market: 4/23/2025
- Ownership: Fee Simple
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