2323 W 18th Street
Chicago, IL, 60608 $ 1,900,000
Bedrooms-- Baths-- Sq 8,600 Monthly Estimate*
$ 11,699
for $1,900,000. This 8,600 square foot building was built in 1929 on a lot size of 0.172176.
Exceptional commercial investment opportunity in the heart of Pilsen- one of Chicago's most vibrant and sought-after neighborhoods, whose 18th Street corridor was recognized by Time Out Magazine as one of the coolest streets in the world. This versatile C1-3 zoned mixed-use building at 2323 W. 18th Street offers a rare blend of established tenant-occupied commercial spaces and residential income, all under one roof. The building totals approximately 8,600 sq ft across two levels. The ground floor features a car wash (5,000 sq ft) with two bathrooms and a tire shop (2,500 sq ft) with its own bathroom - both currently occupied by paying tenants, providing immediate rental income from day one. The car wash business may also be available for purchase - an added opportunity for the right buyer. The second floor offers two distinct units: a private office suite (450 sq ft) with a dedicated bathroom, ideal for an owner-operator or additional lease income, and a 2-bedroom residential apartment (650 sq ft) with a full kitchen and bath - perfect for on-site living or further rental revenue. The location is unbeatable. Steps from a Metra commuter rail station for easy access across the Chicago metro, and just 2 blocks from Cinespace Chicago Film Studios, one of the largest film and TV production facilities in North America - a consistent traffic and business driver for the area. The property is also minutes from Harrison Park, the National Museum of Mexican Art, and the Medical District, with convenient access to I-90, I-55, and the Loop via the Pink Line or Metra. Nearby Thalia Hall, a landmark entertainment venue, anchors a thriving local scene of galleries, studios, restaurants, and boutiques. Whether you're an investor seeking strong rental returns, an entrepreneur ready to expand, or a startup looking for the perfect home base - this property delivers the space, zoning flexibility, and location to make it happen. Schedule your private showing today!
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FeaturesGeneralCooling Office Only
Zoning COMMR
Construction Materials Brick Block
Year Built 1929
Electric Circuit Breakers Separate Meters Service - 101 to 200 Amps
Stories Count 2
Tax Year 2024
Current Use Commercial Multi-Family
Gross Income 8700
Additional Parcels Description 17193020040000 17193020060000
County Cook
Net Operating Income 80349
Operating Expense 24050
Property Type Commercial Sale Industrial
Status New
Directions Take Western Ave North/South to Sout 18th Street. Turn East on 18th Street head to address.
City Chicago
Number Of Units Total 3
MLS Area CHI - Lower West Side
Lot Size Square Feet 7500
Tax Annual Amount 24050.67
Additional Parcels Y/N Y
Leasable Area 8400
Standard Status Active
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ExteriorBuilding Area Total 8600
Lot Dimensions 75' X 100'
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* Excluded FeaturesList ByMidwest Real Estate Brokerage LlcBroker
ig.marquez@outlook.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $11,699
- Monthly Property Taxes
- $2,004
- 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 NearbyCommerical listings in Chicago, IL
Average List Price $960,253
Percent of Sale Price 49%
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 |
|---|
| 5/26/2026 | $1,900,000 | | Listed Price |