USAILChicago1616 W 18Th Pl
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$1,549,000

For Sale

7 months ago

1616 W 18 Th Pl, Chicago, IL

MLS® 12439393

0 Bed

0 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Mixed Use
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes $14,888
Days Active 217
Approx. Age 1889
MLS® Number 12439393

Property Address: 1616 W 18th Pl, Chicago, IL, 60608-4426

Average square foot calculated using Size range provided by listing agent.

Description

Strauss Realty, Ltd. Is pleased to present 1616 W. 18th Place, a fully leased 9-unit mixed-use building (8 residential , 1 commercial unit) located in Pilsen. The property features eight residential apartments (5) 1BD/1BA, (2) 2BD/1BA, and (1) 3BD/1BA, all leased on gross terms for simplified management. A 750 SF ground-floor commercial storefront is currently available for lease, with a letter of intent already received, providing immediate value-add potential. The building spans approximately 6, 250 square feet and is offered at a 6.88% capitalization rate based on current net operating income of $106, 561. With stable residential income and upside through commercial lease-up, this asset offers strong cash flow and long-term growth in a high-demand market. Conveniently located just half a block from Ashland and 18th Street, 2 blocks from the CTA Pink Line, and minutes from I-90/94 and I-55. The Pilsen neighborhood continues to see steady demand from both residents and small businesses.
MLS® Number12439393
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1889
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 6, 2025List Date
$1,549,000List Price
  • Commute

Commute

Starting Address
Destination Address
1616 W 18 Th Pl, Chicago, IL

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