Essex Three-Twelve, LLC is pleased to present 1806-1810 S. Jefferson Ave, a prime investment opportunity featuring two adjacent lots comprising a total of six residential units, located in the vibrant Pilsen neighborhood of Chicago.
The property at 1806 S. Jefferson is a 2-unit building, offering two 1-bedroom, 1-bathroom apartments. Meanwhile, 1810 S. Jefferson is a 3-unit walk-up featuring a mix of one studio, one 1-bedroom, 1-bathroom unit, and one 2-bedroom, 1-bathroom unit. Behind both buildings is a spacious and beautifully designed coach house that adds significant value with its expansive square footage. The existing units vary in terms of finish and occupancy, offering a range of opportunities for value-add improvements.
This offering is ideal for an investor seeking to enhance cash flow through strategic upgrades. Three of the six units require full renovations, while the remaining three could benefit from cosmetic improvements. Additionally, the properties offer significant redevelopment potential across both parcels. The total land area is approximately 4,800 square feet, with an RT-4 zoning designation, providing flexibility for future development.
The Pilsen neighborhood is one of Chicago’s most active and dynamic real estate markets. Opportunities to acquire adjacent properties in this area are exceedingly rare. The current zoning and prime location present a wealth of options for investors or developers looking to capitalize on this sought-after neighborhood.
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 also situated approx. less than a mile 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 four blocks from the Halsted Metra Station, and in proximity to numerous bus stops.