Multifamily Property with Coach
For Sale
Contact for pricing
2224-26 W 18th Pl., Chicago, IL 60608
Fully leased 16-unit multifamily with a coach house, hardwood floors, and individually metered utilities.
Property Size12,900 SF
Days on Market65
Property Features for 2224-26 W 18th Pl.
General Information
Standard status
Active
Size
12,900 SF
Property subtype
Multifamily
Occupancy
100%
Additional Details
Multifamily Units
16
Listing Agency:
Millennium Properties R/E
(312) 338-3000
Listed By:
Brad Thompson · License #IL 471013662
Source:
Crexi
Added: Jun 17
Changed: Aug 8
Last Checked: Jun 20 at 4:44AM
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 Millennium Properties R/E
Investment Insights
Based on property information with market context.
This fully leased 12,900-square-foot multifamily property includes a 12-unit apartment building plus a four-unit coach house. The unit mix totals thirteen 2-bedroom apartments and three 1-bedroom units. Interiors feature hardwood floors throughout, and each unit is individually metered for utilities, supporting tenant-level utility responsibility and straightforward building management.
Located on the lower west side of Chicago near public transportation routes, the property is close to the Western Pink Line stop. The commercial corner at Cermak and Western is noted as offering nearby neighborhood amenities, including grocery stores and restaurants, giving residents convenient access to everyday services.
As an investment offering, the property is positioned for buyers seeking a stabilized, income-producing asset with existing tenancy already in place. The combination of a main apartment building and an attached coach-house style configuration provides a clear operating layout, while the individual utility metering can help simplify monthly billing. Reported net income is estimated at $120,000, supporting underwriting for prospective owners who want to evaluate current performance alongside the existing 16-unit occupancy structure.
Located on the lower west side of Chicago near public transportation routes, the property is close to the Western Pink Line stop. The commercial corner at Cermak and Western is noted as offering nearby neighborhood amenities, including grocery stores and restaurants, giving residents convenient access to everyday services.
As an investment offering, the property is positioned for buyers seeking a stabilized, income-producing asset with existing tenancy already in place. The combination of a main apartment building and an attached coach-house style configuration provides a clear operating layout, while the individual utility metering can help simplify monthly billing. Reported net income is estimated at $120,000, supporting underwriting for prospective owners who want to evaluate current performance alongside the existing 16-unit occupancy structure.
Key Highlights
- 12,900 SF multifamily with 16 units total (12‑unit apartment building plus four unit coach house)
- Fully leased property with 13 two‑bedroom apartments and three one‑bedroom units
- Each unit has hardwood floors and is individually metered for utilities
Property Analytics
Property Profile
Current Use
Lease Details
16
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,447
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully leased 16-unit multifamily with a coach house, hardwood floors, and individually metered utilities.
Where is this apartment building located?
The property is located at 2224-26 W 18th Pl. Chicago, IL.
What are key features of this property?
This property features: 12,900 SF multifamily with 16 units total (12‑unit apartment building plus four unit coach house); Fully leased property with 13 two‑bedroom apartments and three one‑bedroom units; Each unit has hardwood floors and is individually metered for utilities
