715 18Th St Chicago, IL 60616
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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