1334 W. 18th Pl. is an 11-unit multifamily asset in the heart of Pilsen. A 3-story front building with loft space and a detached coach house deliver a diverse mix of 1, 2, and 3-bedroom units. Renovated in 2016, the masonry property is professionally managed and fully occupied with staggered lease expirations through 2027. Every unit features in-unit laundry, central A/C, and its own gas forced-air furnace, commanding premium rents and exceptional retention. Gas and electric are tenant paid. In-place rents average $1,796 against $1,927 market, yielding a 6.27 pro forma cap rate with no deferred capital. A half block from 18th St. dining, retail, and galleries; nearby CTA Pink Line stations and I-90/94 access.
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For more information about 1334 W 18th, Chicago, IL 60608 contact Corcoran Urban Real Estate.
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Listing provided by Triton Realty Group LLC
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