2149 W 18TH Place, Chicago, IL 60608

This brick-and-frame multifamily building is configured as a legal 4-unit structure with an additional fifth garden-level space featuring a kitchenette and bath. The property provides three full levels of usable space, along with expandable attic storage and a rented 2-car garage. Heating is supported by three forced-air systems, with additional heat serving the garden level and one wall-mounted space heater in Unit 1F. Four window A/C units are included. Recent and ongoing building improvements include three new furnaces scheduled for 2026, a new roof installed in 2011, and water heaters described as mid-life, located in both the garden level and the attic. Units are currently in average rental condition, with some remaining TLC and light updates likely best handled during future turnovers. Common laundry is located at the rear of the garden level near the electrical panels.

The building is located in Pilsen, between two Pink Line CTA stops, on a cul-de-sac block near a school/park. It is also a few blocks east of Harrison Park and the National Museum of Mexican Art, with straightforward access to UIC, University Village, the Medical District, Roosevelt Collection, South Loop, downtown-adjacent neighborhoods, and the lakefront.

Tenant-ready income is in place via existing term leases, with current actual rents listed for several units through 2026–2027. Current layouts include 1-bedroom plus den/1-bath units and a large on-grade garden-level studio with 1 bath, which is currently vacant and ready for the next owner’s finishing approach. The vacant unit and turnover-driven updates, including potential in-unit laundry and refreshed kitchens and baths, offer a practical path to improve the property’s rent profile over time.