1401-1418 18Th StChicago, IL 60608

For Sale
$2,056,000

Prime Pilsen location, high NOI, strong tenant mix.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional two-story commercial property, located at 1800 S. Blue Island Avenue in Chicago's vibrant Pilsen neighborhood, offers 11,115 square feet of net rentable space currently 100% leased. The building features a striking blend of terra cotta and blond brick architecture, enhanced by recent capital improvements including new second-floor windows, a 3-phase electrical service, upgraded common area bathrooms, and HVAC repairs. Situated on a 5,596 square foot lot at a busy six-corner intersection, this property boasts significant street presence with over 15,000 daily vehicle impressions. The strong tenant roster includes Wintrust Financial Bank, La Susheria Cocina Fusion, and ten live-work tenants. The property is zoned C1-2 and offers a compelling investment opportunity with an asking price of $2,056,000 and an 8.00% cap rate, generating a net operating income (NOI) of $164,469. This property presents a rare chance to acquire a well-maintained, high-performing asset in a rapidly developing area of Chicago. The building's attractive design, strong tenant base, and prime location make it an ideal investment for discerning buyers seeking stable income and significant appreciation potential.

Highlights

  • 11,115 SF net rentable building, 100% leased.
  • Located at 1800 S. Blue Island Ave., Chicago's Pilsen neighborhood, on a 5,596 SF lot at a busy six-corner intersection.
  • Features terra cotta and blond brick architecture with recent capital improvements (new windows, 3-phase electrical, upgraded bathrooms, HVAC).
  • Strong tenant roster including Wintrust Financial Bank and La Susheria Cocina Fusion, plus ten live-work tenants.
  • C1-2 zoning, $2,056,000 asking price, 8.00% cap rate, $164,469 NOI.

Property Details for 1401-1418 18Th St

Property type
Other retail properties, Other office properties
Square Feet
11,115 SF
Stories
2

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.8577282
Longitude
-87.6616966
1401-1418 18Th St, Chicago, Illinois

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1401-1418 18Th St
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