965 W 18th St - Apartments FOR SALE


Chicago, IL 60608- Pilsen
$1,600,000 USD
630-379-7464
965 W 18th St, Chicago, IL for Sale
$1,600,000 USD
Apartments - FOR SALE
1/25
null | 7% Cap Rate

965 W 18th St
Chicago, IL 60608
Pilsen


HIGHLIGHTS

  • Prime Retail Corridor
  • Recent Heavy Capital Expenditures
  • Open basement

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$262 USD /SF

# OF UNITS

5

PRICE/UNIT

$320,000

CAP RATE

7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1885

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

C1-2

APN/PARCEL ID

17-20-412-003-0000

ASK ABOUT THIS PROPERTY

Jake FugmaneXp RealtyMore Info
630-379-7464

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Jake FugmaneXp RealtyMore Info
630-379-7464

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