$1,475,000
( $244.81Per Sq Foot )
 $7,918 est/mo Sourced by Back At You

965 W 18th Street,Chicago, IL 60608

Chicago, IL 60608

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Description

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 $155,112 in annual income, providing investors with a turnkey opportunity in one of Chicago's most sought-after mixed-use corridors at an 8.14% cap rate!

Details

MLS #12746222
Listing TypeFor Sale
StyleMulti Family 5+
Sub-TypeResale
StatusActive
Year1885
Days On Site11
Listing Provided ByeXp Realty | Michael Scanlon

Features

SQ Feet6,025
Story(s)3
Units5
ZoningCOMMR

Interior

CoolingCentral Air

Exterior

Construction MaterialsBrick

Utilities

ElectricCircuit Breakers, Separate Meters

Taxes

Tax Year2024
Tax Annual Amount18194.61

Area Information

StateIL
CountyCook
CityChicago
Zip Code60608
AreaCHI Lower West Side
Listing VS Median (in 60608)
Price:
$1,475,000
low | high
Med:
$326,500
100% of Average
sqft:
6,025
low | high
Med:
850
100% of Average
$ / sqft:
$245
low | high
Med:
$392
10.196910328188% of Average
On site:
11
low | high
Med:
66
16.666666666667% of Average
Sourced by Back At You

Market Activity 60608

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Contact

Learn More About This Property

Daniel and Associates Real Estate

Daniel and Associates Real Estate

 (630) 231-8090daareoffice@daare.com
StateIL
CountyCook
CityChicago
Zip Code60608
AreaCHI Lower West Side
Listing VS Median (in 60608)
Price:
$1,475,000
low | high
Med:
$326,500
100% of Average
sqft:
6,025
low | high
Med:
850
100% of Average
$ / sqft:
$245
low | high
Med:
$392
10.196910328188% of Average
On site:
11
low | high
Med:
66
16.666666666667% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $1.16M - $1.843M
sqft: 4,500 - 7,500
Nearby Listings Property ImageNearby Listings Details
965 W 18th Street Property Photo 1
$1,475,000
965 W 18th Street
Chicago, IL 60608
Listing Updated: September 6, 2026 at 1:25:15 PM PDT
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