Four-Unit Duplex-Style
2148 W 18th Street Chicago, IL 60608
2148 W 18th Street, Chicago, IL, 60608
$1,200,000
For Sale
$1,200,000
MULTI_FAMILY - Chicago, IL
Property Size5,191 SF
Price / SF$231.17
Days on Market19
Property Features for 2148 W 18th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 11
- Bathrooms
- 8
- Rooms
- Bathroom 2, Bedroom 3, Bedroom 2, Bedroom 9, Bathroom 7, Bathroom 3, Bedroom 8, Bedroom 6, Bedroom 1, Bathroom 4, Bedroom 11, Bedroom 10, Bedroom 7, Bathroom 6, Bathroom 8, Bathroom 1, Bedroom 5, Bathroom 5, Basement, Bedroom 4
- Parking
- 2
- Basement
- Full, Finished
- Standard status
- Active
- APN
- 17193000120000
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 12318
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
Building Details
- Year built
- 1888
- Building materials
- Brick
Listing Agency
Kale Realty
(312) 939-5253
3323 W. Diversey Ave., Chicago, IL
Listed by
Kyle Olszewski
(312) 939-5253
Added: Jun 30 Checked: Jul 18 at 1:06 pm
MLS# 12691518
Listing URL
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This four-unit property is configured as duplex-style living arrangements, with each unit set up across two floors for additional interior space. The building includes three 3-bedroom, 2-bath units and one 2-bedroom, 2-bath unit. Units are reported as rented and managed with no vacancy for the past 10 years. Kitchen features include stainless steel appliances, and the units are described as having high ceilings.
The property is located at 2148 W 18th St in Chicago, IL 60608. It is described as a short walk to nearby restaurants, parks, and an art center, with access to the CTA Pink Line also noted. The listing further states proximity to Ashland Costco and the UIC and Rush medical districts and hospitals.
The property is described as a 5,191-square-foot multifamily home with 11 bedrooms and 8.0 bathrooms total.
The property is located at 2148 W 18th St in Chicago, IL 60608. It is described as a short walk to nearby restaurants, parks, and an art center, with access to the CTA Pink Line also noted. The listing further states proximity to Ashland Costco and the UIC and Rush medical districts and hospitals.
The property is described as a 5,191-square-foot multifamily home with 11 bedrooms and 8.0 bathrooms total.
Key Highlights
- Four‑unit multifamily building (all duplexes) with 2 floors of extra space per unit
- 3 units are 3 bed/2 bath; 1 unit is 2 bed/2 bath
- 11 bedrooms and 8.0 bathrooms across the 5,191 SF building
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $130.8k | $25.20 |
| − Vacancy | −$7.2k | −$1.39 |
| EGI | $123.6k | $23.81 |
| − OpEx | −$37.1k | −$7.14 |
| NOI | $86.5k | $16.67 |
5,191 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.24M
$1.08M – $1.44M
NOI $86,533 @ 7.0% cap · market cap 7.21%
Second Best
Apartment 5plus
$1.14M
$994.7K – $1.33M
NOI $79,574 @ 7.0% cap · market cap 6.63%
Theoretical Best
Office A
$2.45M
$2.14M – $2.86M
NOI $171,328 @ 7.0% cap · market cap 14.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four rented duplex-style units, including three 3-bed/2-bath homes and one 2-bed/2-bath unit.
Where is this quadplex located?
The property is located at 2148 W 18th Street Chicago, IL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Four‑unit multifamily building (all duplexes) with 2 floors of extra space per unit; 3 units are 3 bed/2 bath; 1 unit is 2 bed/2 bath; 11 bedrooms and 8.0 bathrooms across the 5,191 SF building
