Commercial Sale in Chicago

$1,425,000

965 18th, 60608, Chicago, IL

Commercial Sale for sale in Chicago, 965 18th, 60608

965 18th, 60608, Chicago, IL

$1,425,000

Type: Commercial Sale

Description

Fully Renovated 5-Unit Masonry Brick Mixed-Use Building Located on Pilsen's 18th Street Retail Corridor. The property includes (2) 3 bed, 2 bath residential apartments plus (3) built-out commercial units, offering strong in-place income in a prime Chicago neighborhood. The building was gut renovated in 2017-stripped to the floor joists and completely rebuilt, featuring updated interiors throughout. The residential units offer modern kitchens with stainless steel appliances, exposed brick accents, hardwood flooring, and excellent natural light. Current ownership has completed extensive additional capital improvements, including a new coach house roof, parapet wall reconstruction, Hardy board siding, masonry updates, replacement of multiple water heaters, added windows and lighting, a Doorbird entry system, and further updates to the residential units. Ownership also oversaw the buildout of all three commercial spaces and secured a new long-term tenant, Vela Spa. Ideally located near UIC, downtown Chicago, Cinespace Film Studios, and some of Pilsen's most popular restaurants, retail, and entertainment. Easy access to Metra and CTA transit. The property currently generates $155, 112 in annual income, providing investors with a turnkey opportunity in one of Chicago's most sought-after mixed-use corridors at an 8.14% cap rate!

Agent Information

Location

965 18th, 60608, Chicago, IL

Data

Object TypeCommercial Sale
Purchase Price$1,425,000
Living Space0 m²
Plot Size232.26 m²
BathroomsN/A
Construction Year1885
ConditionNot specified
RoomsN/A

Energy Information

Heating TypeN/A
Primary Energy SourceN/A
Construction Year1885
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

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