Property Description

Solid brick 3-flat in the Far East Pilsen Arts District on 18th Street near the heart of Pilsen's restaurants, cafes, and nightlife. The location is adjacent to University Village and the UIC campus. There are 4 levels here. The 2nd, 3rd, and 4th floor residential units have been updated to average rental quality and are fully occupied with term leases in place. The top-floor unit is a 3-bedroom, while the other two units are each 2-bedroom, 1-bath layouts. The garden level is finished and includes a kitchenette and bath, creating income potential. The property also features a newer 2-car parking pad, forced-air heat in each of the 3 residential units, 3 electric meters, 3 gas meters, and common laundry in the rear garden level. Rear decks offer impressive city and UIC views. Located on commercially zoned land (C zoning), this property offers both current income and future upside. The location provides access to a deep renter pool, with University Village, UIC, the Illinois Medical District, Halsted Metra, and the Roosevelt Corridor all nearby. Continued unit improvements such as added laundry, updated kitchens, and bath renovations could support significantly higher rents over time. Head west on 18th and you roll straight into the heart of Pilsen's restaurants, cafes, and nightlife.

Property Features

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