Contact us: 563.441.1776
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!
Property Highlights
Property Type: Commercial - Business
Building Description: 3.0 stories
Year Built: 1885
General Information
County: Cook
Listed By:
eXp Realty
888-574-9405
MRED MLS
MLS ID: 12746647
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965 W 18th Street, Chicago, IL 60608.
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| Loan Type | FHA 30 Year Fixed | VA 30 year fixed | 30 yr Jumbo |
| Purchase Price | $1,475,000 | $1,475,000 | $1,475,000 |
| Down Payment | $51,625 | $0 | $295,000 |
| Monthly Mortgage Amount | $9,035 | $9,523 | $7,458 |
| Taxes | $2053 | $2053 | $2053 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $885 | $0 | $0 |
| Monthly Estimated Total | $12,403 | $12,006 | $9,941 |
Disclaimer:
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 consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 09/07/2026. The listing information on this page last changed on 09/07/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Mon 09/07/2026 12:00:50 AM EST) or MRED MLS (last updated Sun 09/06/2026 11:57:51 PM EST) or SCWMLS (last updated Sun 09/06/2026 11:54:55 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Sun 09/06/2026 10:15:57 PM EST) or Cedar Rapids MLS (last updated Sun 09/06/2026 10:44:16 PM EST) or NEIRBR MLS (last updated Sun 09/06/2026 11:58:40 PM EST) or ICAAR MLS (last updated Sun 09/06/2026 8:32:55 AM EST) or ECIMLS (last updated Sun 09/06/2026 11:44:33 PM EST) or RMLSA (last updated Sun 09/06/2026 11:50:55 PM EST) or Muscatine MLS (last updated Sun 09/06/2026 11:45:09 PM EST) or No Coast MLS (last updated Sun 09/06/2026 11:54:19 PM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors 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. All rights reserved.
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