Two-Story Mixed-Use
For Sale
$1,050,000
1126-1130 W 18th St, Chicago, IL 60608
Two-story mixed-use property offered as one parcel across three addresses with parking lots and 72 feet of frontage.
Property Size1,920 SF
Price / SF$546.88
Days on Market197
Property Features for 1126-1130 W 18th St
General Information
Standard status
Active
Size
1,920 SF
Site & Location
Neighborhood
Pilsen
Building Details
Year Built
1888
Stories
2
Listing Agency:
Avenue 1 Realty Group
Listed By:
Ronald Ohr · License #475103671
(773) 622-4663
Source:
Realtopiare
Added: Apr 11
Changed: Oct 9
Last Checked: Oct 7 at 4:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Avenue 1 Realty Group
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Investment Insights
Based on property information with market context.
Offered as one parcel, this mixed-use property includes three separate addresses and features a two-story building on W 18th Street. The parcel also includes two lots for parking, supporting day-to-day access for tenants and visitors. The offering includes 72 feet of frontage.
The property is located on a busy stretch of 18th Street near numerous retail and food options, including references such as Carnitas Don Pedro, Pilsen Yards, and shopping destinations like Anna Brown and Knee Deep Vintage.
According to the seller, the parcel can be used for a new development or kept as-is to generate rental income. Additional materials referenced in the listing include the rent roll and surveys.
The property is located on a busy stretch of 18th Street near numerous retail and food options, including references such as Carnitas Don Pedro, Pilsen Yards, and shopping destinations like Anna Brown and Knee Deep Vintage.
According to the seller, the parcel can be used for a new development or kept as-is to generate rental income. Additional materials referenced in the listing include the rent roll and surveys.
Key Highlights
- Two‑story mixed‑use property offered as one parcel across three separate addresses
- 72 ft of frontage on 18th Street
- Includes two lots for parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,400
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$648,000
$648.0K
Cap Rate 7%
$462,857
$462.9K
Cap Rate 9%
$360,000
$360.0K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$57.6K $30.00/SF
− Vacancy
−$5.8K −$3.00/SF
EGI
$51.8K $27.00/SF
− OpEx
−$19.4K −$10.13/SF
NOI
$32.4K $16.88/SF
Area
Chicago, IL
Vacancy
10.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$648,000
Cap Rate 7%
$462,857
Cap Rate 9%
$360,000
Alternative Uses
Best Use
Mixed Use
$462.9K
$405.0K – $540.0K
NOI $32,400 @ 7.0% cap · market cap 3.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$905.3K
$792.1K – $1.06M
NOI $63,369 @ 7.0% cap · market cap 6.04%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,803
Businesses Nearby
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Business Placement
Demographics for 60608, IL
75,770
Population
32,617
Households
2.3
Avg Household Size
34
Median Age
34%
College-Educated
77%
High-School Grad
6.2 sq mi
ZIP Area
12,221
Density / Sq Mi
$70,704
Median Household Income
$42,211
Median Earnings
$1,208
Median Rent
$341,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story mixed-use property offered as one parcel across three addresses with parking lots and 72 feet of frontage.
Where is this mixed-use property located?
The property is located at 1126-1130 W 18th St Chicago, IL.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Two‑story mixed‑use property offered as one parcel across three separate addresses; 72 ft of frontage on 18th Street; Includes two lots for parking
