1040-1044 W 18th St - Apartments FOR SALE


Chicago, IL 60608- Pilsen
$4,825,000 USD
312-952-6099
1040-1044 W 18th St, Chicago, IL for Sale
$4,825,000 USD
Apartments - FOR SALE
1/5
null | 6.17% Cap Rate

1040-1044 W 18th St
Chicago, IL 60608
Pilsen


HIGHLIGHTS

  • Turnkey Asset on Pilsen's Main Commercial Corridor
  • Highly Committed Retail Tenants With Necessity Businesses
  • Residential Rents 8.5% Below Market
  • Addition of In-Unit Laundry Opportunity for Further Rent Increase

OVERVIEW

Kiser Group is pleased to present 1040-44 W 18th Street for sale. Situated on Pilsen's main commercial corridor, this mixed-use property was gut renovated in 2018 and expertly maintained since. NOI can be increased by adding in-unit laundry and/or bringing rents up to market. Both retail tenants are necessity-based businesses and are on modified gross leases.

FOR SALE DETAILS

PRICE

$4,825,000 USD

PRICE/SF

$265 USD /SF

# OF UNITS

17

PRICE/UNIT

$283,824

CAP RATE

6.17%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1040-44 W. 18th St.

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1885

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,523 SF

ZONING

C1-2

APN/PARCEL ID

17-20-402-036-0000,17-20-402-037-0000

ASK ABOUT THIS PROPERTY

Andy FriedmanKiser GroupMore Info
312-952-6099

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Andy FriedmanKiser GroupMore Info
312-952-6099

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