1854 W 18th St - Apartments FOR SALE


Chicago, IL 60608- South Chicago
$1,400,000 USD
773-305-4844
1854 W 18th St, Chicago, IL for Sale
$1,400,000 USD
Apartments - FOR SALE
1/10
null | 7% Cap Rate

1854 W 18th St
Chicago, IL 60608
South Chicago


HIGHLIGHTS

  • Six Unit Mixed-Use Property in Popular Pilsen Neighborhood
  • Gut Rehabbed Units with High-End Finishes
  • Capital Improvements Include a Newer Roof, Electric, Plumbing, and HVAC Systems
  • Walking Distance to 18th Pink Line L Station and Western Avenue Metra Station
  • Large Unit Mix Featuring Three (3) 2Bd/1Ba Units and Two (2) 3Bd/3Ba Units

OVERVIEW

Essex Realty Group, Inc. has been exclusively engaged to market for sale 1854 W 18th Street, a six (6) unit mixed-use property located in Chicago's popular Pilsen Neighborhood. The property is located just off the corner of 18th and Wolcott right across the street from Harrison Park and is within walking distance to many different restaurants and shops. The building consists of (1) Retail, (3) 2Bd/1Ba, and (2) 3Bd/3Ba units which were all gut rehabbed in 2016. The units have high end finishes featuring hardwood floors, granite counter tops, stainless steel appliances, luxury bathrooms, and in-unit laundry. Capital improvements include a new tear off roof, 600 AMP electric service, plumbing including a new water main, HVAC systems, a new 4th floor addition, along with rear decks. Investors have the opportunity to acquire a newly renovated property in a great location of Pilsen.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$206 USD /SF

# OF UNITS

6

PRICE/UNIT

$233,333

CAP RATE

7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1897

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

B3-2

APN/PARCEL ID

17-19-405-027-0000

ASK ABOUT THIS PROPERTY

Anthony CitrigliaEssex Realty GroupMore Info
773-305-4844

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Anthony CitrigliaEssex Realty GroupMore Info
773-305-4844

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