SQUARE FEET8,000
MLS#12437547
STATUSActive
PROPERTY TYPECommercial - Business
Property Description
Pleased to present 1140 W. 18th Place-a fully leased mixed-use property ideally situated in the heart of Chicago's vibrant Pilsen neighborhood. This well-maintained building spans approximately 8,000 square feet and features a ground-floor commercial space currently occupied by restaurant Bobijoa Korean Kitchen, along with six renovated residential units above. The residential mix includes three 2-bedroom/1-bath units and three 1-bedroom/1-bath units, all updated with stainless steel appliances, granite countertops, new flooring, and individual utilities. The property offers an attractive in-place cap rate of 4.89% with a current net operating income of $85,537. All leases are gross, minimizing management responsibilities and ensuring steady cash flow. With full occupancy and modernized interiors, this is a turn-key investment opportunity in a strong rental market. Located just steps from the intersection of 18th Street and Racine Avenue, the property benefits from excellent transit access via the CTA Pink Line, multiple bus routes, and nearby expressways. The area is known for its walkability, strong community presence, and a dynamic mix of local businesses, restaurants, and cultural destinations. This is a rare chance to acquire a stabilized asset in one of Chicago's most in-demand urban neighborhoods.
Property Features
Property Type: Commercial - Business
Cooling: Window Unit(s)
Lot Size: 0.14 Acres
Stories: 4.0
Taxes: $13,941
Year Built: 1885
Feature Descriptions
Electric: Separate Meters
Exterior: Brick
Fire Protection: Other
HVAC: Gas
Lot Dimensions: 25X125
Number of Tenant(s): 7
Parcel#: 17204010440000
Tenant Pays: Electricity, Heat
Units: 7
Listed By / Shown By
Listed By
Agency Name: Strauss Realty Ltd
Agency Phone: 773-736-3600
Shown By
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate
Agency Phone: 815-397-4040
© 2026 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered marks of HomeServices of America, Inc. ®
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1140 W 18th Street | MLS# 12437547
This commercial property located at 1140 W 18th Street, Chicago, IL 60608 is currently listed for sale with an asking price of $1,749,000. Search Chicago real estate on www.bhhscrosby.com today.