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Listed by Jose Salinasof You Properties LLC
$ 850,000
Est. payment /mo
Price Dropped by $50K
1314 W 18th Place Chicago, IL 60608
4,320 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 4,320 sqft
Price per Sqft $196
MLS Listing ID 12487278
Year Built 1883
Annual Tax Amount $12,592
Tax Year 2023
Lot Size 0.680 Acres
Lot Dimensions 24x124
Property Sub-Type Multi Family 5+
Property Description
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.
Location
State IL
County Cook
Zoning MULTI
Rooms
Basement Finished
Interior
Cooling Central Air, Window Unit(s)
Fireplace N
Exterior
View Y/N true
Building
Foundation Brick/Mortar
Structure Type Brick
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