Properties

Features
: Window Unit(s)
Address Map
US
IL
Cook
Chicago
60608
18th
1140
Street
W88° 22' 32.1''
N41° 52' 32''
Halsted St to 18th St. west 3.5 blocks to propety
CHI - Lower West Side
W
OTHER
Additional Information
8000
: Brick
Separate Meters
25X125
7
4
Strauss Realty Ltd
Craig Wolf
Financial
13941
Listing Information
Aaron Strauss
1017035
15401
Strauss Realty Ltd
878361
15401
Active
2026-01-28T16:24:01Z
MRED
2025-08-10T05:05:21Z
Property Description

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.

Commercial Sale For Sale

1140 W 18th Street, Chicago, Illinois 60608

$1,749,000
Listing ID#12437547
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Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 12437547
Price : $1,749,000
Year Built : 1885
Listing Status : Active
Property Sub Type : Mixed Use
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