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556 W 18th St
Chicago, IL 60616
Multifamily Property For Sale
·
3 Units


Investment Highlights
- Duplex PH Suite with Private Rooftop
- 2020 Construction | High-End Buildout & Finishes
- High Ceilings
- Private Outdoor Balconies | On-site Parking
- Spa-Inspired Baths with Rain Forest Showers
Executive Summary
556 W. 18th Street presents a rare opportunity to acquire a luxury, all-brick boutique apartment building. Built with exceptional craftsmanship and contemporary design, the property consists of three expansive residential units, each finished with high-end materials, oversized floor plans, soaring ceilings, hardwood flooring throughout, and walls of windows that fill every residence with natural light. Every unit features in-unit laundry, premium stainless steel appliances, designer kitchens, and upscale finishes, offering a true condominium-quality living experience.
The building is anchored by an exceptional duplex penthouse featuring three spacious bedrooms, two-and-a-half bathrooms, vaulted ceilings, an oversized chef's kitchen with premium KitchenAid stainless steel appliances, an additional family room, spa-quality primary bath with a freestanding soaking tub and oversized waterfall shower, generous closet space, and direct access to a spectacular private rooftop deck showcasing panoramic Chicago skyline views. The first-floor residence offers three bedrooms and three-and-a-half bathrooms with two expansive living areas, a custom wet bar, oversized chef's kitchen with upgraded finishes, and abundant natural light throughout. The second-floor residence features two bedrooms and two bathrooms with large walk-in closets, hardwood floors, high ceilings, granite countertops, a breakfast bar, premium stainless steel appliances, and elegant spa-inspired bathrooms with rainfall showers.
Designed to appeal to luxury renters or owner-occupants alike, 556 W. 18th Street combines sophisticated architecture, premium interior finishes, and outstanding outdoor living spaces in one of Chicago's fastest-growing neighborhoods.
The building is anchored by an exceptional duplex penthouse featuring three spacious bedrooms, two-and-a-half bathrooms, vaulted ceilings, an oversized chef's kitchen with premium KitchenAid stainless steel appliances, an additional family room, spa-quality primary bath with a freestanding soaking tub and oversized waterfall shower, generous closet space, and direct access to a spectacular private rooftop deck showcasing panoramic Chicago skyline views. The first-floor residence offers three bedrooms and three-and-a-half bathrooms with two expansive living areas, a custom wet bar, oversized chef's kitchen with upgraded finishes, and abundant natural light throughout. The second-floor residence features two bedrooms and two bathrooms with large walk-in closets, hardwood floors, high ceilings, granite countertops, a breakfast bar, premium stainless steel appliances, and elegant spa-inspired bathrooms with rainfall showers.
Designed to appeal to luxury renters or owner-occupants alike, 556 W. 18th Street combines sophisticated architecture, premium interior finishes, and outstanding outdoor living spaces in one of Chicago's fastest-growing neighborhoods.
Property Facts
| Price Per Unit | $425,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 5.83% | Building Size | 6,178 SF |
| No. Units | 3 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 2020 |
| Apartment Style | Mid-Rise | Parking Ratio | 0.49/1,000 SF |
| Zoning | B2-3 | ||
| Price Per Unit | $425,000 |
| Sale Type | Investment |
| Cap Rate | 5.83% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.06 AC |
| Building Size | 6,178 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 2020 |
| Parking Ratio | 0.49/1,000 SF |
| Zoning | B2-3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+3 | 1 | $3,600 | 2,480 |
| 2+2 | 1 | $2,550 | 1,260 |
| 3+2.5 | 1 | $3,500 | 2,460 |
Property Taxes
| Parcel Number | 17-21-306-055-0000 | Improvements Assessment | $73,120 |
| Land Assessment | $8,880 | Total Assessment | $82,000 |
Property Taxes
Parcel Number
17-21-306-055-0000
Land Assessment
$8,880
Improvements Assessment
$73,120
Total Assessment
$82,000
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