1344 W 19th St - Apartments FOR SALE


Chicago, IL 60608- Pilsen
$1,550,000 USD
630-640-1001
1344 W 19th St, Chicago, IL for Sale
$1,550,000 USD
Apartments - FOR SALE
1/8
null | 7.8% Cap Rate

1344 W 19th St
Chicago, IL 60608
Pilsen


HIGHLIGHTS

  • Modern & Updated Units | 3 In-Unit W/D | On-Site W/D Free for 4 Units
  • Full Basement With High Ceilings
  • Diversified Unit Mix
  • Steps to 18th Street Retail | Near UIC & Illinois Medical District
  • Over $168,000 in Annual Rent
  • Turn-Key Opportunity

OVERVIEW

This well-maintained 7-unit brick apartment building presents an excellent investment opportunity in Chicago’s Pilsen neighborhood. The property features a desirable and diversified unit mix consisting of one (1) 3 Bed / 2 Bath unit, two (2) 2 Bed / 1 Bath units, and four (4) 1 Bed / 1 Bath units, appealing to a broad tenant base ranging from young professionals to small families. The units have been updated with modern finishes, including contemporary flooring, neutral paint palettes, and refreshed kitchens and baths, creating strong rental appeal and minimizing immediate capital expenditure requirements. As illustrated in the sample unit photo, the apartments offer clean, modern interiors with excellent natural light and functional layouts. Situated on an alley lot, the building benefits from abundant natural light and enhanced privacy across the units. The full basement features high ceilings, presenting a clear value-add opportunity for a potential future ADU (Accessory Dwelling Unit) or additional income-producing space, subject to zoning and City approval. Tenants enjoy the convenience of an on-site washer and dryer amenity, further strengthening retention and rentability. With solid masonry construction, updated interiors, and additional upside potential, this property offers both stable in-place income and a strategic opportunity for further value creation in one of Chicago’s most sought-after rental submarkets.

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$189 USD /SF

# OF UNITS

7

PRICE/UNIT

$221,429

CAP RATE

7.8%

% LEASED

85%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1890

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

2,976 SF

ZONING

RT-4

APN/PARCEL ID

17-20-314-023-0000

ASK ABOUT THIS PROPERTY

Paul CawthonSVN | Chicago CommercialMore Info
630-640-1001

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Paul CawthonSVN | Chicago CommercialMore Info
630-640-1001

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