Under contract

2149 W 18TH Pl, Chicago, IL 60608

Beds
9
Baths
5
Garage
Yes
Pool
Yes

View property features, location on map, relevant school information and overview from seller's agent.

Listed byKeller Williams ONEChicago
  • 0
  • 0

Overview

Legal updated brick/frame 4-unit in a strong Pilsen location, with an additional 5th garden-level space featuring a kitchenette and bath. The property also includes a 2-car garage, expandable attic storage, and three full levels of usable space. Excellent location between two Pink Line CTA stops, near a cul-de-sac block, school/park, Harrison Park, and the National Museum of Mexican Art just a few blocks east. Head east on 18th Street directly into Pilsen's restaurant scene, Thalia Hall, cafes, brunch spots, shops, and neighborhood amenities. Easy access to UIC, University Village, the Medical District, Roosevelt Collection, South Loop, downtown-adjacent neighborhoods, and the lakefront. 3 New Furnaces 2026, New Roof 2011, Water heaters mid-life. The residential units are currently occupied on term leases with average rents around $1,550/month. Layouts include 1-bedroom plus den / 1-bath units, plus a large on-grade garden-level studio space with 1 bath that is currently vacant and ready for the next owner's ideas. The 2-car garage is currently rented to two of the units. This is a solid armchair investment with existing income in place and clear upside. Units are in average rental condition, with some remaining TLC and light updates likely best completed during future turnovers. Continued improvements such as in-unit laundry, updated kitchens, and bath renovations may support higher rents over time. Common laundry is located at the rear of the garden level, along with electrical panels. Water heaters are located in both the garden level and attic. The building has 3 forced-air heating systems, a floor space heater in the garden level, and one wall-mounted space heater in Unit 1F. Four window A/C units are included with the property. Deep renter pool from Pilsen, UIC, University Village, the Medical District, and nearby downtown-adjacent neighborhoods. Lot size approximately 24.5' x 124'. A great opportunity for an investor seeking current income, location strength, and long-term value-add potential. Actual Rents now: 1F 1250 (garage space) until 8/1/26 , 1R 1400 until 10/1/26 , 2F 1400 9/1/26, 2R 1600 (garage space) until 8/15/27. Total actual rent is $5650. With Potential to be $7000 with a few basic moves.

Location

Full feature list

Basic info

Property type
Other residential
Number of bedrooms
9
Number of bathrooms
5
Lot size (acres)
0‎

Interior features

Laundry
In Unit

Exterior features

Pool
Yes

Garage and parking

Garage parking spaces
2

Utilities

Heating
Natural Gas, Forced Air
Sewer
Public Sewer
Water
Other

Taxes

Tax Annual Amount (2025)
$8,900

Public schools

Loading

Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Midwest Real Estate Data (MRED) MLS®#: 12679419 Last checked:

Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.