1329 18Th St Chicago, IL 60608

Property Details for 1329 18Th St

Property size

7,600 SF

Property type

Commercial real estate

APN

17-20-313-012-0000

Description

This exceptional 6-unit mixed-use building, located at 1329 W 18th St in Chicago's vibrant Pilsen neighborhood, presents a compelling investment opportunity. The property, totaling 7,600 square feet on a 2,976 square foot lot, underwent a complete renovation in 2017. The building features six spacious and modern units, each equipped with updated kitchens and bathrooms, forced air heating and cooling, and a mix of in-unit and on-site laundry facilities. The building also boasts a full basement, offering additional storage or potential for expansion. Currently, the building has two parking spaces. The property is zoned C1-2, allowing for commercial use, and includes a retail space currently being updated, presenting an ideal opportunity for an owner-user or additional lease income. Many units are below market rent, offering significant potential for future income growth. This well-maintained Class B building benefits from its prime location on 18th Street, Pilsen's main retail corridor, just two miles from Chicago's Loop and close to the CTA Pink Line, I-90/94, I-290, and I-55. The area is known for its award-winning restaurants, breweries, art galleries, and cafes, ensuring high tenant demand. The asking price is $1,450,000, translating to $201.97 per square foot. This is a stabilized, value-add investment with significant upside potential. The property's APN is 17-20-313-012-0000. The four-story building offers a blend of residential and commercial space, making it an attractive and versatile investment.