1157 W 18th St - Apartments FOR SALE


Chicago, IL 60608- Pilsen
$4,374,000 USD
773-570-0318
1157 W 18th St, Chicago, IL for Sale
$4,374,000 USD
Apartments - FOR SALE
1/8
null | 6.56% Cap Rate

1157 W 18th St
Chicago, IL 60608
Pilsen


HIGHLIGHTS

  • 13-Unit Mixed-Use in Prime Pilsen on the 18th Street retail corridor
  • Ground-floor retail leased to Hol Health Studio through 2031
  • 12 Updated Apartments featuring a mix of 1, 2, and 3-bedroom units
  • Gut Renovation in 2016 providing new systems, modern interiors, and exterior upgrades
  • Prime location near CTA, Metra, Illinois Medical District, Loop & West Loop

OVERVIEW

1157 W. 18th St is a 13-unit mixed-use property ideally positioned in Chicago’s highly desirable Pilsen neighborhood. The building features a fully built-out ground floor retail space currently leased to Hol Health Studio through 2031, providing stable long-term income. Above the retail sit 12 well-appointed apartments made up of a desirable mix of one-, two-, and three-bedroom floor plans. 2016 GUT-RENOVATION The property underwent a complete renovation in 2016, including all-new electrical, plumbing, and HVAC systems, a fully built-out retail space, upgraded apartment interiors, and exterior building improvements. The apartments feature modern finishes such as hardwood floors, white kitchen appliances, quartz or wood countertops with islands, subway tile backsplashes & showers, individual HVAC systems, and in-unit laundry. PRIME PILSEN LOCATION Situated directly along the vibrant 18th Street retail corridor, the property is surrounded by many of the neighborhood’s most popular dining and entertainment destinations. Residents enjoy outstanding accessibility, with both the 18th Street CTA station and Halsted Metra station located less than a mile away, as well as multiple nearby bus route —offering convenient connectivity throughout Chicago and surrounding suburbs. 1157 W. 18th St. is situated just south of the Illinois Medical District, providing a consistent renter pool of healthcare professionals and students. Additionally, its central location offers quick access to the Loop and West Loop, placing residents minutes from major employment centers and cultural attractions.

FOR SALE DETAILS

PRICE

$4,374,000 USD

PRICE/SF

$281 USD /SF

# OF UNITS

13

PRICE/UNIT

$336,462

CAP RATE

6.56%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1883

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,000 SF

ZONING

C1-2

APN/PARCEL ID

17-20-407-020-0000,17-20-407-021-0000

ASK ABOUT THIS PROPERTY

Philip LeighEssex 312, LLCMore Info
773-570-0318

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Philip LeighEssex 312, LLCMore Info
773-570-0318

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