1140 West 18th Street, Chicago, IL

$1,749,000

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About 1140 West 18th Street

Pleased to present 1140 W. 18th Place-a fully leased mixed-use property ideally situated in the heart of Chicago's vibrant Pilsen neighborhood. This well-maintained building spans approximately 8,000 square feet and features a ground-floor commercial space currently occupied by restaurant Bobijoa Korean Kitchen, along with six renovated residential units above. The residential mix includes three 2-bedroom/1-bath units and three 1-bedroom/1-bath units, all updated with stainless steel appliances, granite countertops, new flooring, and individual utilities. The property offers an attractive in-place cap rate of 4.89% with a current net operating income of $85,537. All leases are gross, minimizing management responsibilities and ensuring steady cash flow. With full occupancy and modernized interiors, this is a turn-key investment opportunity in a strong rental market. Located just steps from the intersection of 18th Street and Racine Avenue, the property benefits from excellent transit access via the CTA Pink Line, multiple bus routes, and nearby expressways. The area is known for its walkability, strong community presence, and a dynamic mix of local businesses, restaurants, and cultural destinations. This is a rare chance to acquire a stabilized asset in one of Chicago's most in-demand urban neighborhoods.

Features of 1140 West 18th Street

MLS® # 12437547
Price $1,749,000
Bathrooms 0.00
Acres 0.00
Year Built 1885
Type Commercial Sale
Sub-Type Mixed Use
Status Active

Community Information

Address 1140 West 18th Street
Area CHI - Lower West Side
City Chicago
County Cook
State IL
Zip Code 60608

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Window Unit(s)
Fireplace No
Has Basement No

Exterior

Exterior Brick

Additional Information

Days on Market 77
Zoning OTHER
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeStrauss Realty Ltd
Contact Info773-736-3600

Listing Map

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