Pilsen Portfolio 2 Properties in Chicago, IL
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INVESTMENT HIGHLIGHTS
- 100% Occupied
- Separately Metered Utilities
- On-Site Laundry
- Apartments All Recently Renovated
- Fully Built-Out Restaurant
- All Brick Construction
EXECUTIVE SUMMARY
This portfolio includes 1140 W 18th Street and 1616 W 18th Place in the heart of Chicago's Pilsen neighborhood, two recently renovated mixed-use buildings with 100% occupancy. The buildings are only a few blocks from the L train and close to the 90/94/55 expressways.
1140 W 18th Street includes six apartments consisting of three 2 bed-1 bath units, three 1 bed-1 bath units, and a fully built-out restaurant on the ground floor. The fully occupied apartments are all updated with stainless steel appliances, granite countertops, new flooring, and separately metered utilities. The commercial tenant is on a five-year lease through 2028. The property is on 18th Street and centrally located around other recent renovations and development projects.
1616 W 18th Place is an all-brick two-story building comprising eight apartments and one storefront. The apartments are split into one 3-bedroom, two 2-bedroom, and five 1-bedroom units. The 700-square-foot commercial space is leased through June 2025. All eight apartments were recently updated with new flooring, cabinets, granite countertops, and SS appliance package. Utilities are separately metered.
1140 W 18th Street includes six apartments consisting of three 2 bed-1 bath units, three 1 bed-1 bath units, and a fully built-out restaurant on the ground floor. The fully occupied apartments are all updated with stainless steel appliances, granite countertops, new flooring, and separately metered utilities. The commercial tenant is on a five-year lease through 2028. The property is on 18th Street and centrally located around other recent renovations and development projects.
1616 W 18th Place is an all-brick two-story building comprising eight apartments and one storefront. The apartments are split into one 3-bedroom, two 2-bedroom, and five 1-bedroom units. The 700-square-foot commercial space is leased through June 2025. All eight apartments were recently updated with new flooring, cabinets, granite countertops, and SS appliance package. Utilities are separately metered.
OFFERING MEMORANDUM Click Here to Access
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 18,282 SF |
| Total Land Area | 0.14 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 1140 W 18th St, Chicago, IL 60608 | Retail | 10,384 SF | 1889 | - |
| 1616 W 18th Pl, Chicago, IL 60608 | Multifamily | 7,898 SF | 1889 | - |
