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$995,000 (USD)
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Chicago Area Multi-Family Home

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1527 W 18th Place Chicago, IL 60608

6 Bed
4 Baths
sqft
MLS# 12599877
Located in the heart of Chicago's culturally rich Pilsen neighborhood, this legal 4-unit property including a coach house and rare 2-car garage presents a standout opportunity for both owner-occupants and savvy investors. Properties offering this combination of scale, flexibility, and parking are hard to find in this area. The owner's unit is duplexed up with roughed-in plumbing and ready for your vision to complete, offering the perfect opportunity to create a custom living space with in-unit laundry already in place. The remaining units are well-positioned for rental income and share a common laundry area. Each unit features separate utilities, providing efficiency and ease of management. Current rents are below market value, presenting a clear opportunity for a value-add strategy and future income growth. Whether through updates, lease adjustments, or completing the owner's unit, there is strong upside potential for increased cash flow and long-term appreciation. Situated just steps from the CTA Pink Line at the 18th Street station with direct access to the Loop, commuting downtown is seamless and convenient. Multiple bus routes run along 18th Street and Ashland Avenue, further enhancing accessibility throughout the city. The location also provides quick access to major expressways including I-290, I-90/94, and I-55, making travel in and out of the city effortless. Ideally located near the UIC Medical District, offering added appeal for medical professionals, students, and tenants seeking proximity to one of the city's major employment and healthcare hubs. Pilsen continues to be one of Chicago's most sought-after neighborhoods, known for its rich culture, dining scene, art, and strong rental demand. Whether you're looking to live in one unit while generating income, or expand your investment portfolio with a high-demand asset, this property checks all the boxes.
Listing Courtesy of Midwest Real Estate Data as distributed by MLS GRID / Coldwell Banker Realty / Dolores Raya
$695,000 (USD)
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Chicago Area Multi-Family Home

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Address Not Disclosed Chicago, IL 60642

7 Bed
3 Baths
sqft
MLS# 12532324
Back on the market! Spacious and character-filled 7BD/3BA legal 2-unit in vibrant Noble Square offering approximately 3,140 sq ft of living space. The front portion of the property, formerly a 1900s candy store, has been transformed into a spacious 16x14 living room with soaring 12-ft ceilings, adding unique character to the home. The rear addition features a generous primary bedroom (10x14) with in-unit washer and dryer. The first-floor unit offers three separate entrances - one in front and two leading to the backyard - providing excellent flexibility for multigenerational living or additional privacy. The basement offers additional potential with approximately 18x15 of unfinished space ideal for storage or future improvements, will require renovation. Ceiling heights range from approximately 5'5 in the rear section to about 6' in the front, and there is a staircase providing direct access from the first floor. Updates include two boilers (2019), new A/C condenser (2024), tuckpointing, facade improvements, newer windows, a metal support beam between floors, and a rebuilt front extension (2019). Roof approximately 17 years old. Second-floor unit offers space to add a stackable laundry. Current rents are below market, presenting a strong opportunity for increased income. Ideally located just minutes to I-90, walking distance to the CTA Blue Line, and close to some of Chicago's best dining, shopping, and neighborhood amenities. Great opportunity for investors or owner-occupants seeking income with upside potential.
Listing Courtesy of Midwest Real Estate Data as distributed by MLS GRID / Coldwell Banker Realty / Grisell Perez