944 W 18TH Street
Chicago, IL, 60608
$749,000
7 Beds
3 Baths
0 SqFt
0 Acres
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$749,000
944 W 18TH Street
Chicago, IL, 60608
MLS #MRD12313408 img 0MLS #MRD12313408 img 1MLS #MRD12313408 img 2MLS #MRD12313408 img 3MLS #MRD12313408 img 4MLS #MRD12313408 img 5MLS #MRD12313408 img 6MLS #MRD12313408 img 7MLS #MRD12313408 img 8MLS #MRD12313408 img 9MLS #MRD12313408 img 10MLS #MRD12313408 img 11MLS #MRD12313408 img 12MLS #MRD12313408 img 13MLS #MRD12313408 img 14MLS #MRD12313408 img 15
Price reduced 50k Best location for an appreciation play of the 3 flats on market this Summer. This is a great live-in location meanwhile while you collect rents, and expect the massive development adjacent that could guide you to much higher appreciation than the other options further away from this excellent locaiton. There is great rent potential here also. As you update (add WD to units) the market will reward you. The pool of renters and amenities is vast: University Village nest door, the Illinois Medical District 16th and Ashland, UIC, Metra Station at Halsted, Quick jump to Roosevelt Cooridor . You will fill units quickly for rent and higher rents are possible as you update the units. This stretch of 18th rolls into the Pilsen dining, cafe, nightlife as you head west on 18th. The building is a brick beauty and comes with a promise of commercial Potential(Zoned C1-2) to fit an entrepreneur up on a dream track to have client based/retail commercial success. The current three residential units on 2nd, 3rd, 4th levels are updated to average rental quality and fully occupied with shorter term leases. Top unit is 3 bed, other two are 2 bed units. The Garden level offers finished space also with kitchenette and bath and offers additional income. Rents could exceed 8500 with strategic updates. Rents now are month to month and below market. If you added laundry and a few key attributes to units rents could exceed reach $2500 a month at todays’ prices. Newer parking pad(2 car). Forced air heat in units (3 units in building Garden and 1st share). Common laundry in rear garden level is in place. There is amazing potential for city views ( add more windows on East Wall!). This is also the Perfect location for condo conversion to exit at a premium price to exit at max sellouts. This is your chance to own an amazing location in Pilsen with income. Every hour and dollar put in will reap rewards ! Sf for Land is 2376 sf Bldg in tax is 3635 sf.

Property Details

Price:
$749,000
MLS #:
MRD12313408
Status:
Active
Beds:
7
Baths:
3
Address:
944 W 18TH Street
Type:
Multi Family
Neighborhood:
CHI – Lower West Side
City:
Chicago
Listed Date:
Mar 16, 2025
State:
IL
ZIP:
60608

Schools

School District:
299

Interior

Heating
Natural Gas, Forced Air

Exterior

Construction Materials
Brick
Parking Features
Off Alley, Off Street, On Site, Owned
Parking Spots
2

Financial

Tax Year
2023
Taxes
$13,338
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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944 W 18TH Street
Chicago, IL