Essex Realty Group, LLC has been exclusively engaged to market for sale 1157 W. 18th St., a 13-unit mixed-use property ideally positioned in Chicago’s highly desirable Pilsen neighborhood. The building features a fully built-out ground floor retail space currently leased to Hōl Health Studio through 2031, providing stable long-term income. Above the retail sit 12 well-appointed apartments made up of a desirable mix of one-, two-, and three-bedroom floor plans.

2016 GUT-RENOVATION
The property underwent a complete renovation in 2016, including all-new electrical, plumbing, and HVAC systems, a fully built-out retail space, upgraded apartment interiors, and exterior building improvements. The apartments feature modern finishes such as hardwood floors, white kitchen appliances, quartz or wood countertops with islands, subway tile backsplashes & showers, individual HVAC systems, and in-unit laundry.

PRIME PILSEN LOCATION
Situated directly along the vibrant 18th Street retail corridor, the property is surrounded by many of the neighborhood’s most popular dining and entertainment destinations. Residents enjoy outstanding accessibility, with both the 18th Street CTA station and Halsted Metra station located less than a mile away, as well as multiple nearby bus routes—offering convenient connectivity throughout Chicago and surrounding suburbs. 1157 W. 18th St. is situated just south of the Illinois Medical District, providing a consistent renter pool of healthcare professionals and students. Additionally, its central location offers quick access to the Loop and West Loop, placing residents minutes from major employment centers and cultural attractions.

Pilsen is a culturally rich neighborhood situated roughly 3.5 miles southwest of Chicago’s Loop. The neighborhood of Pilsen features a diverse population mix, including families, creative professionals, business professionals, medical students, and grad students. 18th Street is a bustling retail corridor that is home to many local cafes, coffee shops, bodegas, and restaurants. While Pilsen has a strong cultural presence filled with many local restaurants, several Chicago restaurant chains, as well as critically acclaimed new chefs, have opened up restaurants in recent years.

The property is situated approximately less than a block from Thalia Hall, a historic landmark and neighborhood cultural arts and events center, as well as a concert hall. Thalia Hall is a prime example of the ever-growing art community that Pilsen is.

Not only are residents extremely close to downtown Chicago, but they are also just west of McCormick Place, the largest convention center in North America. The property’s convenient location makes commuting around the city quite easy. The Subject Property is less than one mile to the 18th Pink Line L Station and the Halsted Metra Station, and in proximity to numerous bus stops.

• Fully Renovated Property in the Heart of Pilsen on 18th Street
• Desirable Unit Mix Including Twelve 1-, 2- & 3-Bedroom Apartments
• Complete Gut-Renovation in 2016 Including New Electrical, Plumbing, HVAC, Retail Build-Out & Exterior Improvements
• Spacious Apartments Feature Hardwood Floors, Individual HVAC & In-Unit Laundry
• Long-Term Retail Tenant with Lease Through 2031
• Located Directly Along 18th Street's Vibrant Dining & Entertainment Scene
• Less Than One Mile to Both the 18th Street CTA Station & Halsted Metra Station