Commercial $ 1,489,000

965 W 18th Street

Chicago, IL 60608

  • 6,025 SqFt
  • 1885 Year Built
Fully Renovated 5-Unit Masonry Brick Mixed-Use Building Located on Pilsen's 18th Street Retail Corridor. The property includes (2) 3 bed, 2 bath residential apartments plus (3) built-out commercial units, offering strong in-place income in a prime Chicago neighborhood. The building was gut renovated in 2017-stripped to the floor joists and completely rebuilt, featuring updated interiors throughout. The residential units offer modern kitchens with stainless steel appliances, exposed brick accents, hardwood flooring, and excellent natural light. Current ownership has completed extensive additional capital improvements, including a new coach house roof, parapet wall reconstruction, Hardy board siding, masonry updates, replacement of multiple water heaters, added windows and lighting, a Doorbird entry system, and further updates to the residential units. Ownership also oversaw the buildout of all three commercial spaces and secured a new long-term tenant, Vela Spa. Ideally located near UIC, downtown Chicago, Cinespace Film Studios, and some of Pilsen's most popular restaurants, retail, and entertainment. Easy access to Metra and CTA transit. The property currently generates $149,352 in annual income, providing investors with a turnkey opportunity in one of Chicago's most sought-after mixed-use corridors.
Listed by Michael Scanlon of eXp Realty

PROPERTY DETAIL

  • Key Details

    Property Type Commercial

    Sub Type Mixed Use

    Listing Status Active

    Purchase Type For Sale

    Square Footage 6, 025 sqft

    Price per Sqft $247

    MLS Listing ID 12557451

    Year Built 1885

    Annual Tax Amount $18,194

    Tax Year 2024

    Lot Dimensions 25 X 100

    Property Sub-Type Mixed Use

  • Location

    State IL

    County Cook

    Zoning COMMR

  • Building

    Structure Type Brick

  • Interior

    Cooling Central Air

    Fireplace N

  • Exterior

    View Y/N true

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CONTACT

Michael Scanlon
Michael Scanlon

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