1800 S Jefferson Street
Chicago, IL 60616

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Description

INVESTOR ALERT! Rare East Pilsen mixed-use opportunity at the prime corner of Jefferson & 18th Street. This beautifully renovated 4-unit residential building plus an approximately 400 SF front-corner commercial space (not included in unit count) offers multiple income streams in one of Chicago's most in-demand neighborhoods. The property features 7 bedrooms and 5.5 bathrooms, updated kitchens with wood cabinetry and stainless steel appliances, and renovated baths with ceramic finishes. Strong urban location with immediate access to I-90/94, CTA, Halsted Street, 18th Street corridor, UIC University Village, and the South Loop. Steps to a dog-friendly park, with Divvy bikes and Zipcar nearby. Tenants pay all utilities except water, enhancing cash flow. A rare corner asset in a thriving location with long-term upside. Sold As Is.

Features

• Property Type: Commercial
• Sub Type: Mixed Use
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60616
• Year Built: 1881
• Stories: 2
• Units: 4 units
• Zoning: MULTI
• # Of Apts: 4
• # Of Ranges: 5
• # Of Refrigs: 5
• # Of Stores: 1
• # Of Tenants: 5
• # Of Window/Ac: 8
• Approximate Age: Older
• Built Before 1978 (Y/N): Yes
• Construction Materials: Brick, Concrete, Wood, Aluminum Siding
• Cooling: Window Unit(s)
• Directions: 1800 S Jefferson St in East Pilsen, at the corner of Jefferson & 18th St, with easy access to I-90/94, CTA, Halsted St, UIC University Village, and the South Loop.
• Electric: Circuit Breakers
• Fire Protection: Fire Extinguisher/s
• Flooring: Tile, Varies, Wood
• Geographic Locale: Chicago West
• Gross Income: 78600
• Gross Rent Multiplier: 0.08
• Gross Scheduled Income: 78600
• Heat/Ventilation: Forced Air, Gas
• Information: 24-Hr Notice Required, List Broker Must Accompany
• Insurance Expense: 3000
• Insurance Expense Source: Owner Projection
• Known Encumbrances: None Known
• Location: Corner, Mixed Use Area, Public Transport Avail, In City Limits
• Lot Size Square Feet: 2250
• Main Type: Commercial Sale
• Misc Inside: Multi-Tenant, Basement
• Outdoor Parking: 1-5 Spaces, 6-12 Spaces
• Ownership Type: Limited Liability Corp
• Property Sub Type: Mixed Use
• Tax Annual Amount: 8018
• Tax Year: 2023
• Tenant Pays: All Utilities
• Total Monthly Income: 6450
• Township: West Chicago
• Trash Expense Source: Actual
• Water Sewer Expense: 1800