Essex Realty Group, LLC. has been exclusively engaged to market for sale the 18th Street Portfolio, a 12-unit, side-by-side apartment portfolio located at 565, 567, 569, and 571 W. 18th Street in Chicago’s highly desirable Pilsen neighborhood.
The portfolio consists of four buildings, with two (2) studio units, eight (8) one bedroom units, one (1) two bedroom unit, and one (1) three bedroom unit. The units feature white appliances, laminate countertops, hardwood flooring, in-unit laundry, and individual furnaces.
The apartments are characterized by unique loft-style layouts with spacious floor plans, appealing to tenants seeking character-driven living spaces in an urban setting. The side-by-side configuration of the buildings enhances long-term management efficiency and creates potential for future operational or redevelopment strategies.
Situated directly along the 18th Street retail corridor, the 18th Street Portfolio is surrounded by many of Pilsen’s most popular dining, entertainment, and neighborhood amenities. The portfolio is located in close proximity to the University of Illinois Chicago, supporting a consistent renter base of students, faculty, and healthcare-related professionals.
The subject portfolio is ideally located along 18th Street in Pilsen on Chicago’s Lower West Side, a culturally rich and rapidly growing neighborhood approximately three miles southwest of downtown. Spanning a contiguous block along 18th Street, just steps away from Chicago’s largest Chinese supermarket.
Located along Pilsen’s 18th Street, residents are within walking distance of a diverse mix of restaurants and entertainment venues, including Thalia Hall, a historic 19th-century opera house and city landmark. The neighborhood is also home to acclaimed dining destinations such as HaiSous, a Michelin Bib Gourmand-recognized restaurant known for its refined Vietnamese street food. Pilsen’s cultural identity is further bolstered by the nearby National Museum of Mexican Art, featuring more than 20,000 pieces celebrating more than 3,600 years of Mexican history and culture.
The subject properties benefits from excellent transit access, with the CTA Pink Line providing convenient connectivity throughout the city via the nearby 18th Street station. Multiple CTA bus routes, including #8, #9, #18, #21, further enhance transportation options. Additionally, its proximity to I-90/94 offers efficient access to downtown Chicago, the Near South Side, and major employment centers.
- Four (4) Adjacent Properties
- One (1) 5-Unit, One (1) Single-Unit, Two (2) 3-Unit Properties
- Value-Add Opportunity
- Diverse Unit Mix with Opportunities to Add Additional Bedrooms
- Properties Must be Sold Together