CLOSED – MULTI-FAMILY
1719 West 18th Street Chicago, IL 60608
NEIGHBORHOOD
Pilsen
PRICE
Call for details
NUMBER OF UNITS
5
PROPERTY LISTED

Essex Realty Group, Inc. has been exclusively engaged to market for sale 1719 West 18th Street, a five unit mixed-use building located in Chicago's Pilsen neighborhood. The property is currently comprised of four apartments and one street level commercial space. The commercial space is occupied by Orthodontic Experts, a dentist office with five locations in the Chicago area. Orthodontic Experts, the tenant, occupies the entire first level of the property with a 2,100 SF office. In 2015 the tenant paid for a complete build-out of the space and signed a 4-year lease with one 4-year renewal term.

Situated on the two upper floors of the property are two 2 Bed/1 Bath apartments and two 1 Bed/1 Bath apartments. The four apartment units would benefit from a cosmetic renovation including new kitchens and bathrooms, as well as new paint for the units and common areas. Based on the market rent for renovated units in the area, a simple cosmetic renovation has the potential to increase annual rent by almost $15,000.

LOCATION DETAILS

The property is conveniently situated in a prime location on 18th Street and just 77 feet from the 18th Street CTA station servicing the Pink Line to Chicago's Loop.

HIGHLIGHTS
  • Multiple Offers Received
  • 5 Unit Mixed-Use Building in Prime Location in Pilsen
  • Steps from the 18th Street Pink Line CTA Station
  • Strong Retail Tenant with 5 Locations Throughout Chicago
  • Pilsen is Currently Experiencing a Boom in Rental Demand by Tenants Moving to the Neighborhood
LISTING BROKERS
Jim Darrow
Principal
773.305.4920
Jordan Gottlieb
Principal
773.305.4922
Brian Karmowski
Director
773.305.4892