Essex Realty Group, LLC. is pleased to announce the successful sale of the 18th Street Portfolio, a 12-unit, side-by-side apartment portfolio with a land parcel located at 559, 565, 567, 569, and 571 W. 18th Street in Chicago’s highly desirable Pilsen neighborhood.
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.
- Rare Opportunity to Acquire Nearly an Entire Block Along 18th Street
- Four (4) Adjacent Properties & land Parcel
- One (1) 5-Unit, One (1) Single-Unit, Two (2) 3-Unit Properties
- Significant Value-Add Opportunity
- Diverse Unit Mix with Opportunities to Add Additional Bedrooms
- Unique Loft Style Apartments