20
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Listed by Phillip Buoscioof Keller Williams ONEChicago
$689,900
Est. payment /mo
7 Beds
Active Under Contract
944 W 18TH Street Chicago, IL 60608
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Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12609775
Bedrooms 7
Annual Tax Amount $13,337
Tax Year 2023
Lot Dimensions 22 X 108
Property Sub-Type Two to Four Units
Property Description
4 Level Brick 3-flat w Garden on 18th Street Excellent location adjacent to Located near one of Chicago's largest planned public redevelopment sites to Break Ground 2027: the City's 18th & Peoria framework, a multi-phase plan up to 432 housing units, mixed-use buildings, neighborhood retail, public open space, and trail connections. Phase 1, Casa Nayarit, announced for 2027 start with 76 apartments and a childcare center. University Village, UIC, the Medical District, also are next door .*** This Brick Building offers four levels of usable space. The Garden, 2nd, 3rd, and 4th floor residential units are in average rental condition and Need some TLC/Light updates. The top two units and currently occupied on month-to-leases. Top floor at $1,500 and 3rd level at $1,550. The first-floor unit is vacant, .***Layouts include a top-floor 3-bedroom unit and two additional 2-bedroom/1-bath units. The finished. **Features include Common laundry is located at the rear garden, a Newer 2-car parking pad, Rear Decks with Impressive City and UIC views, 3 forced-air heating systems - with the 1st floor and garden level sharing one system - and 2 central air units. The property has 3 legal residential units, 3 electric meters, and 3 gas meters. ****Located on C-zoned commercial land, this property offers current rental income plus future upside. The location provides access to a deep renter pool from University Village, UIC, the Medical District, and nearby downtown-adjacent neighborhoods. Continued improvements such as added in-unit laundry, updated kitchens, and bath renovations could support significantly higher rents over time. ****Head west on 18th Street directly into Pilsen's restaurant scene, Thalia Hall events, cafes, and brunch spots. Stroll north to UIC, the Medical District, Roosevelt Collection theaters and shopping, or bike east to the South Loop and lakefront. Lot is about 22' x 108'.
Location
State IL
County Cook
Rooms
Basement Partially Finished, Full, Walk-Out Access
Interior
Heating Natural Gas, Forced Air
Fireplace N
Exterior
View Y/N true
Building
Foundation Block, Brick/Mortar, Concrete Perimeter
Sewer Public Sewer
Water Lake Michigan
Structure Type Brick
New Construction false
Schools
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
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