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1314 W 18th Place

Chicago, IL 60608
  • $700,000
  • STATUS: Active Under Contract
  • MLS #: 12598222
Under Contract
UPDATED: 101 min ago
$700,000
  • 0
    BEDS
  • 0.68
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1883
County:
Area:

School Ratings & Info

Description

**First Showing will be Monday March 23rd from 2pm-4pm. After, we would need a 24hr notice.** This is a great opportunity for a value add 6-unit brick building in Pilsen, ready for its next owner. It's a solid property that just needs some fixing up to reach its full potential. You'll find a good mix of units, including two 1-bed/1-bath apartments, three 2-bed/1-bath units, and a large 4-bed/2-bath duplex with its own laundry. The important updates are already done, with a roof less than 2 years old and some new heating and mechanicals. The property also offers shared laundry and a valuable two-car garage. With some work, this property is positioned to compete with the top-tier sales in Pilsen. Once updated and fully rented, the stabilized financials project a high capitalization rate for investors.

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© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Leila Keene & Marjorie Allabastro Team | Baird & Warner.

Based on information submitted to the MLS GRID as of 2026-04-19T21:05:37.717 UTC. 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.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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1314 W 18th Place Chicago, IL 60608

  • Price: $700,000
  • Status: Active Under Contract
  • On Site: Days
  • Updated: 101 min ago
  • MLS #: 12598222
0
Beds
0
Baths
0
½ Baths
0.68
Acres
1883
Built
Neighborhood:
Cook
County:
Cook
Area:
Cook
Property Description
**First Showing will be Monday March 23rd from 2pm-4pm. After, we would need a 24hr notice.** This is a great opportunity for a value add 6-unit brick building in Pilsen, ready for its next owner. It's a solid property that just needs some fixing up to reach its full potential. You'll find a good mix of units, including two 1-bed/1-bath apartments, three 2-bed/1-bath units, and a large 4-bed/2-bath duplex with its own laundry. The important updates are already done, with a roof less than 2 years old and some new heating and mechanicals. The property also offers shared laundry and a valuable two-car garage. With some work, this property is positioned to compete with the top-tier sales in Pilsen. Once updated and fully rented, the stabilized financials project a high capitalization rate for investors.
Exterior Features

Foundation Details Brick/Mortar Roof Structure Flat

Interior Features

Basement Details Finished Cooling Central AirWindow Unit(s) Heat Ventilation Forced AirWall UnitSeparate Per Unit Number Of Dryers 1 Number Of Ranges 7 Number Of Washers 1

Property Features

Additional Parcels YN No Approximate Age Older Building Area Total 4320 Built Before1978 YN Yes Contingency Attorney/Inspection Continue To Show Yes Current Use Multi-Family Electric Circuit BreakersSeparate Meters Fire Protection Fire Extinguisher/sCarbon Monoxide Detector(s) Gross Income 34000 Gross Scheduled Income 800 Insurance Expense 26000 Maintenance Expense 0 Mls Actual Status Contingent Net Operating Income 1000 Operating Expense 32000 Tax Annual Amount 12592 Tax Year 2023 Tenant Pays ElectricityHeat Total Monthly Income 2825 Township West Chicago Type Multi Family 5+ Zoning MULTI

Listing courtesy of © 2026 Midwest Real Estate Data LLC as distributed by MLS GRID.
Listing provided courtesy of You Properties LLC: 312-721-1721.



© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Leila Keene & Marjorie Allabastro Team | Baird & Warner.

Based on information submitted to the MLS GRID as of 2026-04-19T21:05:37.717 UTC. 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.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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Leila Keene & Marjorie Allabastro Team | Baird & Warner
2526 N Lincoln Ave
Chicago IL, 60642