1527 W 18th Place Chicago IL 60608 MLS #MRD12599877

Located in the heart of Chicago’s culturally rich Pilsen neighborhood, this legal 4-unit property including a coach house and rare 2-car garage presents a standout opportunity for both owner-occupants and savvy investors. Properties offering this combination of scale, flexibility, and parking are hard to find in this area. The owner’s unit is duplexed up with roughed-in plumbing and ready for your vision to complete, offering the perfect opportunity to create a custom living space with in-unit laundry already in place. The remaining units are well-positioned for rental income and share a common laundry area. Each unit features separate utilities, providing efficiency and ease of management. Current rents are below market value, presenting a clear opportunity for a value-add strategy and future income growth. Whether through updates, lease adjustments, or completing the owner’s unit, there is strong upside potential for increased cash flow and long-term appreciation. Situated just steps from the CTA Pink Line at the 18th Street station with direct access to the Loop, commuting downtown is seamless and convenient. Multiple bus routes run along 18th Street and Ashland Avenue, further enhancing accessibility throughout the city. The location also provides quick access to major expressways including I-290, I-90/94, and I-55, making travel in and out of the city effortless. Ideally located near the UIC Medical District, offering added appeal for medical professionals, students, and tenants seeking proximity to one of the city’s major employment and healthcare hubs. Pilsen continues to be one of Chicago’s most sought-after neighborhoods, known for its rich culture, dining scene, art, and strong rental demand. Whether you’re looking to live in one unit while generating income, or expand your investment portfolio with a high-demand asset, this property checks all the boxes.