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1516 N Keystone Avenue

Chicago, IL 60651

11 beds
4 baths
– sqft
4,662 sqft lot
1912 build
– on site

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.

Listing courtesy of MRED / Compass as distributed by MLS GRID

Last checked: Checking… • Last updated Apr 29, 2025 •

MLS# 12325723 —

The Building

Year Built:

1912
Rebuilt:

No
New Construction:

false
Construction Materials:

Brick
Roof:

Flat
Basement:

Finished, Partially Finished, Partial
Other Equipment:

CO Detectors, Sump Pump
Window Features:

Screens

Interior

Room Type:

Enclosed Porch
Rooms Total:

22

Location

Directions:

Keystone is one way headed north, property just south of North Ave.
Location:

87121
Location:

17665

The Property

Parcel Number:

16032090260000
Property Type:

Residential Income
Lot Size Dimensions:

37X126
Zoning:

MULTI
Waterfront:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Annual Amount:

8912.71

Beds

Bedrooms Total:

11
Bedrooms Possible:

11

Baths

Baths:

4
Full Baths:

4

The Listing

Special Listing Conditions:

None

Heating & Cooling

Heating:

Natural Gas

Utilities

Sewer:

Public Sewer
Water Source:

Lake Michigan, Public

Schools

Elementary School District:

299
Middle Or Junior School District:

299
High School District:

299

Parking

Parking Total:

3
Parking Features:

Garage Owned, Detached, Garage
Garage Spaces:

3

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
4/29/25 Apr 29, 2025	Sold Subject To Contingencies	MRED	$650,000
4/23/25 Apr 23, 2025	Listed / Active	MRED	$650,000	18.2% (9.1% / YR)
4/27/23 Apr 27, 2023		MRED	$550,000

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This multifamily located in West Side, Chicago, IL 60651 is currently for sale for $650,000. 1516 N Keystone Avenue is a – square foot multifamily with 11 beds and 4 baths that has been on Estately for 11 days. 1516 N Keystone Avenue is in the West Side neighborhood of Chicago and has a WalkScore® of 84, making it very walkable. This multifamily is in the attendance area of Alfred Nobel Elementary School and Orr Academy High School.

Listing courtesy of MRED, Compass, and Dan Nelson as distributed by MLS GRID.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Signal Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
© 2025 Midwest Real Estate Data LLC
Information deemed reliable but not guaranteed by MLS GRID. Use of MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.

Based on information submitted to MLS GRID as of Apr 29, 2025, 10:58 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.