Pamela Helmer
- Buy
- Sell
https://www.ruhlmortgage.com/LawrenceDavis.html
Description
Fully Renovated 5-Unit Masonry Brick Mixed-Use Building Located on Pilsen's 18th Street Retail Corridor. The property includes (2) 3 bed, 2 bath residential apartments plus (3) built-out commercial units, offering strong in-place income in a prime Chicago neighborhood. The building was gut renovated in 2017-stripped to the floor joists and completely rebuilt, featuring updated interiors throughout. The residential units offer modern kitchens with stainless steel appliances, exposed brick accents, hardwood flooring, and excellent natural light. Current ownership has completed extensive additional capital improvements, including a new coach house roof, parapet wall reconstruction, Hardy board siding, masonry updates, replacement of multiple water heaters, added windows and lighting, a Doorbird entry system, and further updates to the residential units. Ownership also oversaw the buildout of all three commercial spaces and secured a new long-term tenant, Vela Spa. Ideally located near UIC, downtown Chicago, Cinespace Film Studios, and some of Pilsen's most popular restaurants, retail, and entertainment. Easy access to Metra and CTA transit. The property currently generates $155,112 in annual income, providing investors with a turnkey opportunity in one of Chicago's most sought-after mixed-use corridors at an 8.14% cap rate!
Property Highlights
Property Type: Commercial - Business
Building Description: 3.0 stories
Year Built: 1885
General Information
County: Cook
Listed By:
eXp Realty
888-574-9405
MRED MLS
MLS ID: 12746647
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965 W 18th Street, Chicago, IL 60608.
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563-441-1862
toll free 866-441-1862
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| Loan Type | FHA 30 Year Fixed | VA 30 year fixed | 30 yr Jumbo |
| Purchase Price | $1,475,000 | $1,475,000 | $1,475,000 |
| Down Payment | $51,625 | $0 | $295,000 |
| Monthly Mortgage Amount | $9,035 | $9,523 | $7,458 |
| Taxes | $2053 | $2053 | $2053 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $885 | $0 | $0 |
| Monthly Estimated Total | $12,403 | $12,006 | $9,941 |
Pamela Helmer
REALTOR®
CNE, CRS, ABR, PSA
Cell: (563) 213-2636
Licensed in IA & IL
Dubuque Office
600 Star Brewery Drive
Suite 300
Dubuque, IA 52001
(563) 583-4550
Suite 300
Dubuque, IA 52001
(563) 583-4550
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