965 W 18th Street
Chicago, IL, 60608 $ 1,600,000
Bedrooms3 Baths0.0 Sq 6,025 Monthly Estimate*
$ 9,851
for $1,600,000 with 3 bedrooms. This 6,025 square foot home was built in 1885 on a lot size of 0.057392.
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 $149,352 in annual income, providing investors with a turnkey opportunity in one of Chicago's most sought-after mixed-use corridors.
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FeaturesGeneralCooling Central Air
Zoning COMMR
Construction Materials Brick
Year Built 1885
Electric Circuit Breakers Separate Meters
Tenant Pays Air Conditioning Electricity Heat Varies by Tenant
Stories Count 3
Township West Chicago
Tax Year 2024
Gross Income 149352
County Cook
Net Operating Income 112026
Operating Expense 29414
Insurance Expense 6264
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 0
Status New
Directions 18th Street & Halsted West on 18th Street to 965 on the South Side of the Street
City Chicago
Number Of Units Total 5
MLS Area CHI - Lower West Side
Lot Size Square Feet 2500
Tax Annual Amount 18194.61
Electric Expense 600
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 1200
Additional Parcels Y/N N
Standard Status Active
Cap Rate 7
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ExteriorBuilding Area Total 6025
Lot Dimensions 25 X 100
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* Excluded FeaturesList Bymichael.scanlon@exprealty.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $9,851
- Monthly Property Taxes
- $1,516
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Chicago, IL
Average List Price $593,527
Percent of Sale Price 63%
About Chicago, IL 2,755,380 Population
-4% Since 2002
$ 53,088 Median Income
36.07 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 1/30/2026 | $1,600,000 | | Listed Price |