IL
Cook
Chicago
60608
1616 W 18th Place
1616 W 18th Place, Chicago, IL 60608
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Listing Type
Commercial/Industrial
Listing Status
Active
12
$1,549,000

Home Details for 1616 W 18th Place

Price
$1,549,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
Square feet
NaN
Year built
1889
County
Cook
Garage
Days on site
207
MLS Listing#
12439393
Property 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.

Property Features
  • Cooling Information
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Listing Courtesy: Strauss Realty Ltd - 773-736-3600
Midwest Real Estate Data logo Based on information submitted to the MLS GRID as of 2026-02-02 12:16:03. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last Updated: 2026-02-02 12:16:03
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EXIT REALTY REDEFINED
1275 E. Butterfield Rd Suite 200, Wheaton, IL 60189
Roger Jenisch
License #: 471-013357
Broker of Record
Office
630 480 4555
Agent
773 682 8771
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