IL
Cook
Chicago
60608
1616 W 18th Place
1616 W 18th Place, Chicago, IL 60608
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Listing Type
Commercial/Industrial
Listing Status
active
12
$1,549,000

Home Details for 1616 W 18th Place

Price
$1,549,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
Square feet
NaN
Year built
1889
County
Cook
Garage
Days on site
47
MLS Listing#
12439393
Property Description

Strauss Realty, Ltd. is pleased to present 1616 W. 18th Place, a fully leased 9-unit mixed-use building (8 residential , 1 commercial unit) located in Pilsen. The property features eight residential apartments (5) 1BD/1BA, (2) 2BD/1BA, and (1) 3BD/1BA, all leased on gross terms for simplified management. A 750 SF ground-floor commercial storefront is currently available for lease, with a letter of intent already received, providing immediate value-add potential. The building spans approximately 6,250 square feet and is offered at a 6.88% capitalization rate based on current net operating income of $106,561. With stable residential income and upside through commercial lease-up, this asset offers strong cash flow and long-term growth in a high-demand market. Conveniently located just half a block from Ashland and 18th Street, 2 blocks from the CTA Pink Line, and minutes from I-90/94 and I-55. The Pilsen neighborhood continues to see steady demand from both residents and small businesses.

Property Features
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Listing Courtesy: Strauss Realty Ltd - 773-736-3600
Midwest Real Estate Data logo Based on information submitted to the MLS GRID as of 2025-09-03 20:37:10. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last Updated: 2025-09-03 20:37:10
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EXIT INFINITY REALTY
1621 W. Walnut St #100, Chicago, IL 60612
Office
312 834 4383
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