Map of Property

1616 W 18th Street

For Sale

1616 W 18th Street, Chicago, IL 60608

This Chicago property for sale is located at 1616 W 18th Street. The current listed sale price for 1616 W 18th Street is $1,549,000.

Contacts

Aaron Strauss

Strauss Realty

Craig Wolf

Strauss Realty

Property Details

  • Property Type Multi-Family
  • Property Size 6,250 SF
  • Units 9
  • # of Floors 2
  • Date Updated Apr 9, 2026

Strauss Realty, Ltd. has been exclusively engaged to market for sale 1616 W. 18th Place, an 9-unit mixed-use building located in the heart of Chicago’s vibrant Pilsen neighborhood. The property includes eight fully leased residential apartments (five 1BD/1BA units, two 2BD/1BA units, and one 3BD/1BA unit), along with one street-level 750-square-foot commercial space currently available for lease (although an LOI has been received). The total building area is approximately 6,250 square feet.

 

Investor Highlights:

 

Offered at a 6.88% capitalization rate based on in-place NOI of $106,561, this asset provides immediate yield with potential upside through lease-up of the commercial space.

All units are leased on gross terms, offering simplicity and predictability in management.

The flexible commercial storefront—ideal for retail, office, or service uses—offers additional value-add opportunity in a neighborhood with growing demand for local business space.

With stable multifamily income and upside through lease-up of the commercial space, the property presents a solid mixed-use investment in a well-connected Chicago submarket.

 

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Reach out to the broker for more info on lease terms and amenities

Getting around

  • 95/100

    Walk Score ®

  • 68/100

    Transit Score ®

  • 90/100

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Location

  • City Chicago, IL
  • Neighborhood Heart of Chicago
  • Zip Code 60608
  • Market Chicago

Points of Interest

  • Halsted Street

    1.16 miles

  • Ashland

    1.31 miles

  • Halsted

    1.35 miles

  • UIC-Halsted (Morgan Street)

    1.52 miles

  • UIC-Halsted (Peoria Street)

    1.59 miles

  • Uber Tent

    1.65 miles

  • UIC-Halsted (Halsted Street)

    1.67 miles

  • Kedzie

    1.87 miles

  • Clinton

    1.91 miles

  • Morgan

    2.13 miles

  • Midwest

    0.06 miles

  • Costco Gasoline

    0.38 miles

  • BP

    0.41 miles

  • EVgo

    0.51 miles

  • Mobil

    0.63 miles

  • Shell

    0.76 miles

  • Marathon

    1.16 miles

  • Blink

    1.33 miles

  • eVgo

    1.34 miles

  • Electrify America

    1.52 miles

  • Lot M

    0.56 miles

  • Lot F4

    0.67 miles

  • Wood Street Parking Structure (WSPS)

    0.71 miles

  • Lot B4

    0.72 miles

  • Lot C4

    0.73 miles

  • Lot H

    0.75 miles

  • Lot K

    0.75 miles

  • Lot A4

    0.80 miles

  • Paulina Street Parking Structure (PSPS)

    0.81 miles

  • Lot G

    0.83 miles

  • Hyatt House Chicago - Medical / University District

    1.10 miles

  • Hyatt Place Chicago - Medical / University District

    1.11 miles

  • Courtyard by Marriott Chicago at Medical District / UIC

    1.11 miles

  • Hotel Chicago West Loop

    1.38 miles

  • Benedictine Bed and Breakfast

    1.64 miles

  • Sonder Greektown

    1.76 miles

  • Chicago Parthenon Hostel

    1.77 miles

  • Jaslin Hotel

    1.86 miles

  • Hyatt House

    1.90 miles

  • Holiday Inn Chicago-Downtown

    1.93 miles

  • La Providencia

    0.27 miles

  • La Casa del Pueblo

    0.40 miles

  • Cermak Fresh Market

    0.44 miles

  • ALDI

    0.44 miles

  • Jewel-Osco

    0.55 miles

  • Supermercado El Güero #8

    0.64 miles

  • Workshop Apothecary

    0.86 miles

  • Fairplay Foods

    0.99 miles

  • Pete's Market

    1.07 miles

  • 88 Marketplace

    1.50 miles

Contact 1616 W 18th Street
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