965 W 18th Street, Chicago, IL

$1,475,000

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About 965 W 18th Street

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!

Features of 965 W 18th Street

MLS® # 12746647
Price $1,475,000
Bathrooms 0.00
Year Built 1885
Type Commercial Sale
Sub-Type Mixed Use
Status Active

Community Information

Address 965 W 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 Central Air
Fireplace No
Has Basement No

Exterior

Exterior Brick

Additional Information

Days on Market 10
Zoning COMMR
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeeXp Realty

Listing Map

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