Price Reduction
Address
965 W 18th Street, Chicago, IL
Price
$ 1,425,000
Property Attributes
- MLS#12746222
- TypeMulti-Family
- Listing Status Active
- CountyCOOK
- CityChicago
- AreaCHI - Lower West Side
- Zip60608
- Style
- Year Built1885
- Taxes$ 18194
- Price$ 1,425,000
- Bedrooms3
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage6025
- Lot Size0.057392 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description
Fully Renovated 5-Unit Masonry Brick Mixed-Use Building Located on Pilsen's 18th Street Retail Corridor. The property includes (2) 3 bed, 2 bath residential apartments plus (3) built-out commercial units, offering strong in-place income in a prime Chicago neighborhood. The building was gut renovated in 2017-stripped to the floor joists and completely rebuilt, featuring updated interiors throughout. The residential units offer modern kitchens with stainless steel appliances, exposed brick accents, hardwood flooring, and excellent natural light. Current ownership has completed extensive additional capital improvements, including a new coach house roof, parapet wall reconstruction, Hardy board siding, masonry updates, replacement of multiple water heaters, added windows and lighting, a Doorbird entry system, and further updates to the residential units. Ownership also oversaw the buildout of all three commercial spaces and secured a new long-term tenant, Vela Spa. Ideally located near UIC, downtown Chicago, Cinespace Film Studios, and some of Pilsen's most popular restaurants, retail, and entertainment. Easy access to Metra and CTA transit. The property currently generates $155,112 in annual income, providing investors with a turnkey opportunity in one of Chicago's most sought-after mixed-use corridors at an 8.14% cap rate!
| Price History | |
|---|---|
| 8/29/2026 | Listed $1,475,000 |
| 9/11/2026 | 4$1,425,000 |
General Features
| Cooling | Central Air |
|---|---|
| Zoning | COMMR |
| Construction Materials | Brick |
| Year Built | 1885 |
| Electric | Circuit Breakers,Separate Meters |
| Tenant Pays | Air Conditioning,Electricity,Heat,Varies by Tenant |
| Stories Count | 3 |
| Township | West Chicago |
| Tax Year | 2024 |
| Gross Income | 155112 |
| County | Cook |
| Net Operating Income | 120026 |
| Operating Expense | 35086 |
| Insurance Expense | 6264 |
| Property Type | Commercial Sale |
| MaintenanceExpense | 1000 |
| Status | Active |
| Directions | 18th Street & Halsted,West on 18th Street to 965 on the South Side of the Street |
| City | Chicago |
| Number Of Units Total | 5 |
| MLS Area | CHI - Lower West Side |
| Lot Size Square Feet | 2500 |
| Tax Annual Amount | 18194.61 |
| Electric Expense | 600 |
| Water Sewer Expense | 1200 |
| Additional Parcels Y/N | No |
| Standard Status | Active |
| Property Type | Multi Family 5+ |
| Cap Rate | 8.14 |
Exterior Features
| Building Area Total | 6025 |
|---|---|
| Lot Dimensions | 25 X 100 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 60608
Price
Taxes
Year Built
Visits
Midwest Real Estate Data (MRED) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than eXp Realty in Illinois may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2026 All rights reserved.Based on information submitted to the MLS GRID as of September 25, 2026 2:41 AM UTC All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice.
Data is updated as of September 25, 2026 2:41 AM UTC
