This portfolio includes 1140 W 18th Street and 1616 W 18th Place in the heart of Chicago's Pilsen neighborhood, two recently renovated mixed-use buildings with 100% occupancy. The buildings are only a few blocks from the L train and close to the 90/94/55 expressways.
1140 W 18th Street includes six apartments consisting of three 2 bed-1 bath units, three 1 bed-1 bath units, and a fully built-out restaurant on the ground floor. The fully occupied apartments are all updated with stainless steel appliances, granite countertops, new flooring, and separately metered utilities. The commercial tenant is on a five-year lease through 2028. The property is on 18th Street and centrally located around other recent renovations and development projects.
1616 W 18th Place is an all-brick two-story building comprising eight apartments and one storefront. The apartments are split into one 3-bedroom, two 2-bedroom, and five 1-bedroom units. The 700-square-foot commercial space is leased through June 2025. All eight apartments were recently updated with new flooring, cabinets, granite countertops, and SS appliance package. Utilities are separately metered.