1314 W 18th Place Chicago, IL 60608
Pilsen NeighborhoodEstimated payment $5,516/month
Highlights
- 0.68 Acre Lot
- Forced Air Heating and Cooling System
- 2-minute walk to Throop Park
About This Home
This is a great opportunity for a value add 6-unit brick building in Pilsen, ready for its next owner. It's a solid property that just needs some fixing up to reach its full potential. You'll find a good mix of units, including two 1-bed/1-bath apartments, three 2-bed/1-bath units, and a large 4-bed/2-bath duplex with its own laundry. The important updates are already done, with a roof less than 2 years old and some new heating and mechanicals. The property also offers shared laundry and a valuable two-car garage. With some work, this property is positioned to compete with the top-tier sales in Pilsen. Once updated and fully rented, the stabilized financials project a high capitalization rate for investors.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,592
Year Built
- Built in 1883
Lot Details
- 0.68 Acre Lot
- Lot Dimensions are 24x124
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Brick Foundation
Interior Spaces
- 4,320 Sq Ft Home
- 3-Story Property
Utilities
- Forced Air Heating and Cooling System
- Window Unit Cooling System
- Heating System Mounted To A Wall or Window
- Separate Meters
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $1,200
- Insurance Expense $26,000
- Water Sewer Expense $4,800
- Operating Expense $32,000
- Gross Income $34,000
- Net Operating Income $1,000
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/12/2025 11/12/25 | Price Changed | $850,000 | -5.6% | $197 / Sq Ft |
| 10/03/2025 10/03/25 | For Sale | $900,000 | -- | $208 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12487278
APN: 17203130310000
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