1157 W 18th St 13 Unit Apartment Building $4,374,000 ($336,462/Unit) 6.56% Cap Rate Chicago, IL 60608

1157 W. 18th St is a 13-unit mixed-use property ideally positioned in Chicago’s highly desirable Pilsen neighborhood. The building features a fully built-out ground floor retail space currently leased to Hol Health Studio through 2031, providing stable long-term income. Above the retail sit 12 well-appointed apartments made up of a desirable mix of one-, two-, and three-bedroom floor plans.
2016 GUT-RENOVATION
The property underwent a complete renovation in 2016, including all-new electrical, plumbing, and HVAC systems, a fully built-out retail space, upgraded apartment interiors, and exterior building improvements. The apartments feature modern finishes such as hardwood floors, white kitchen appliances, quartz or wood countertops with islands, subway tile backsplashes & showers, individual HVAC systems, and in-unit laundry.
PRIME PILSEN LOCATION
Situated directly along the vibrant 18th Street retail corridor, the property is surrounded by many of the neighborhood’s most popular dining and entertainment destinations. Residents enjoy outstanding accessibility, with both the 18th Street CTA station and Halsted Metra station located less than a mile away, as well as multiple nearby bus route —offering convenient connectivity throughout Chicago and surrounding suburbs. 1157 W. 18th St. is situated just south of the Illinois Medical District, providing a consistent renter pool of healthcare professionals and students. Additionally, its central location offers quick access to the Loop and West Loop, placing residents minutes from major employment centers and cultural attractions.