1329 W 18th St - Apartments FOR SALE


Chicago, IL 60608- South Chicago
$1,450,000 USD
630-640-1001
1329 W 18th St, Chicago, IL for Sale
$1,450,000 USD
Apartments - FOR SALE
1/17
null | Request Cap Rate

1329 W 18th St
Chicago, IL 60608
South Chicago


HIGHLIGHTS

  • Prime 18th Street Location in Chicago
  • Newer Renovation | 2017 with Full Basement for Additional Space
  • On-Site Laundry Facilities and Tall Ceilings for an Airy Feel
  • Great Unit Mix for Diverse Tenants and Zoned C1-2 for Commercial Use
  • Well-maintained 7,600 SF Building with Six Spacious and Modern Units
  • Updated Electrical and Plumbing with Close Proximity to Amenities and Transportation

OVERVIEW

Located in the heart of Chicago’s vibrant Pilsen neighborhood on 18th Street, this large 6-unit mixed-use building presents an excellent investment opportunity. Renovated in 2017, the property boasts well-designed floor plans, a full basement, and a mix of in-unit and on-site laundry facilities. Each unit features modern kitchens and baths, along with forced air conditioning and heating. While some rents have been recently adjusted, many remain below market value, offering significant potential for future increases upon renewal. The retail space, currently undergoing updates following the departure of a long-term tenant, presents an ideal opportunity for an owner/user or can be leased for additional income on one of Chicago’s most dynamic retail corridors.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$191 USD /SF

# OF UNITS

6

PRICE/UNIT

$241,667

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6-Unit Mixed-Use Building

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1883

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

C1-2

APN/PARCEL ID

17-20-313-012-0000

ASK ABOUT THIS PROPERTY

Paul CawthonSVN | Chicago CommercialMore Info
630-640-1001

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Paul CawthonSVN | Chicago CommercialMore Info
630-640-1001

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.