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Property profile & analytics
OFF-MARKET
Apartment buildings

715 18Th St Chicago, IL 60616

6,667 SF Built 1941
Property ID
Property summary
AI-generated overview

This exceptional 3-story, 6,667 square foot building presents a compelling value-add opportunity in Chicago's vibrant Pilsen neighborhood. Built in 1941, this property sits on a 5,132 square foot lot and is currently configured as a single-family home, but its RT-4 zoning permits conversion into a multi-unit dwelling. The building boasts beautiful original woodwork, charming fireplaces, and abundant natural light from numerous large windows. A spacious front porch and a private backyard add to its appeal. Its prime location offers easy access to public transportation, including nearby CTA and Metra stations, and is conveniently close to major expressways (I-90/94, I-55, and I-290). The property's proximity to the University of Illinois at Chicago (UIC) and the Illinois Medical District, as well as the 88 Marketplace, further enhances its investment potential. This is a rare chance to acquire a property with significant upside in a highly sought-after area. The asking price is $675,000. This former rectory showcases stunning Queen Anne Victorian architecture, making it an ideal candidate for renovation and conversion.

Property profile
Verified
Property type Apartment buildings
Year built 1941
Total area 6,667 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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