Property History
Property Type
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Marketing 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 $149,352 in annual income, providing investors with a turnkey opportunity in one of Chicago's most sought-after mixed-use corridors.
Investment Highlights
Rehabbed 5-unit building Strong rental income with 7.00% cap rate Great turnkey investment Updates completed within the last year Full gut rehab in 2017 Many interior improvements since 2022 Permitted conversion from 3 units to 5 units Exterior repairs and improvements done Large unit floorplans - renter-friendly layouts Huge growth potential in Pilsen
Loan History
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Contact Information
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Ownership Information
Zoning
C1-2 CommercialNeighborhood CommercialNeighborhood Commercial District
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View all 134 uses
View all 134 uses Last updated Apr 28, 2026 For deeper zoning details, reports are available at Zoneomics
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