5,904 sq ft
Commercial: Mixed Use - MLS# 12506571
Tools & Resources:
Description
This fully renovated multifamily property presents a turn-key investment opportunity with full occupancy and strong in-place cash flow. The attractive brick building features modernized layouts with open floor plans, newly updated kitchens, and contemporary bathrooms, appealing to today's renters seeking both style and functionality. The renovations enhance the property's long-term durability while reducing near-term capital needs, offering investors peace of mind and stable operations from day one. Adding to the upside, the property includes a vacant coach house located above the rear garage. This space is primed for renovation and conversion into an additional rental unit, providing a clear path for increased income and property value. With its blend of stabilized tenancy and future growth potential, this asset offers investors a rare opportunity to acquire a well-positioned property that combines immediate returns with long-term upside.
Features
- Property Type: Commercial
- Sub Type: Mixed Use
- Listing Status: Active
- County/Area: Cook County
- Zip Code: 60608
- Year Built: 1893
- Sq.Ft.: 5,904 sq ft
- Stories: 3
- Units: 5 units
- Zoning: COMMR
- # Of Apts: 4
- # Of Dishwashers: 4
- # Of Dryers: 4
- # Of Ranges: 4
- # Of Stores: 1
- # Of Tenants: 5
- # Of Washers: 4
- Approximate Age: New Rehab
- Building Area Total: 5904
- Built Before 1978 (Y/N): Yes
- Construction Materials: Brick
- Cooling: Window Unit(s)
- Directions: 18th Street & Ashland Ave, south to 1813 on the East Side of the Street
- Electric: Circuit Breakers, Separate Meters
- Fire Protection: Fire Extinguisher/s
- Geographic Locale: Chicago South, Chicago West
- Gross Income: 117600
- Gross Rent Multiplier: 10.1
- Gross Scheduled Income: 118670
- Heat/Ventilation: Central Heat/Indiv Controls, Forced Air, Gas
- Information: List Broker Must Accompany, 48-Hr Notice Required
- Lot Size Square Feet: 2989
- Main Type: Commercial Sale
- Property Sub Type: Mixed Use
- Retail SqFt: 1650
- Tax Annual Amount: 11665
- Tax Year: 2023
- Tenant Pays: Electricity, Heat
- Total Monthly Income: 9800
- Township: West Chicago
©2026, Midwest Real Estate Data (MRED). All rights reserved.