1140 W 18th Street
Chicago, IL, 60608
$1,749,000
Beds
0 Baths
0 SqFt
0 Acres
Add
Add
$1,749,000
1140 W 18th Street
Chicago, IL, 60608
MLS #MRD12437547 img 0MLS #MRD12437547 img 1MLS #MRD12437547 img 2MLS #MRD12437547 img 3MLS #MRD12437547 img 4
Pleased to present 1140 W. 18th Place-a fully leased mixed-use property ideally situated in the heart of Chicago’s vibrant Pilsen neighborhood. This well-maintained building spans approximately 8,000 square feet and features a ground-floor commercial space currently occupied by restaurant Bobijoa Korean Kitchen, along with six renovated residential units above. The residential mix includes three 2-bedroom/1-bath units and three 1-bedroom/1-bath units, all updated with stainless steel appliances, granite countertops, new flooring, and individual utilities. The property offers an attractive in-place cap rate of 4.89% with a current net operating income of $85,537. All leases are gross, minimizing management responsibilities and ensuring steady cash flow. With full occupancy and modernized interiors, this is a turn-key investment opportunity in a strong rental market. Located just steps from the intersection of 18th Street and Racine Avenue, the property benefits from excellent transit access via the CTA Pink Line, multiple bus routes, and nearby expressways. The area is known for its walkability, strong community presence, and a dynamic mix of local businesses, restaurants, and cultural destinations. This is a rare chance to acquire a stabilized asset in one of Chicago’s most in-demand urban neighborhoods.

Property Details

Price:
$1,749,000
MLS #:
MRD12437547
Status:
Active
Beds:
0
Baths:
0
Address:
1140 W 18th Street
Type:
Commercial
Subtype:
Mixed Use
Neighborhood:
CHI – Lower West Side
City:
Chicago
Listed Date:
Aug 4, 2025
State:
IL
Total Sq Ft:
8,000
ZIP:
60608
Year Built:
1885

Schools

Interior

Cooling
Window Unit(s)

Exterior

Construction Materials
Brick

Financial

Net Operating Income
$85,537
Tax Year
2023
Taxes
$13,941
Need more info?
Ask a Question
Ready to go see it?
Schedule a Showing

Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

More About Debra

Mortgage Calculator

 

Map

Similar Listings Nearby

1140 W 18th Street
Chicago, IL