Price$3,250,000
MLS Number 11383125
Location! Location! Beautiful New east Pilsen 6 Flat! 2020 Build with Remarkable craftsmanship, each unit is adorned with modern selections, & White Oak flooring throughout. Great investment with amazing projected equity!
Listed by Eric Barry of Chase Real Estate LLC
Price$1,725,000
MLS Number 11268295
Recently renovated in Pilsen, SIX 2 bed + 1 bath units on one master lease on top of a brand new restaurant. Apartments all updated with stainless steel appliances, granite counter-tops, new flooring and individualized utilities, they are all on a Master lease with one owner. The commercial tenant is on a five year lease which has commenced and extends to 2023. Property is located right in the heart of Pilsen on 18th street and centrally located around other recent renovations and development projects.
Listed by Milan Rubenstein of CHICAGOLAND BROKERAGE,LLC
Price$1,599,000
MLS Number 11254828
All brick 8 unit plus commercial in the heart of east pilsen. 8 apartments with 1 store front on 18th. 2 blocks from the "l" - close to 90/94/55 and half a block off ashland and 18th.
Listed by Milan Rubenstein of CHICAGOLAND BROKERAGE,LLC
Price$1,535,000
MLS Number 11239029
Large 6-unit mixed-use building located in the heart of 18th Street in Chicago's Pilsen neighborhood. The building was renovated in 2017 and features favorable floor plans, newer roof, plumbing, electric and a full basement. There is a large 2 car garage in the rear for additional income and a long term retail tenant in place. The apartments consist of three 1 bed/1 bath units, a 2 Bed/1 bath unit and a large 2 bedroom/2 bath unit and all have newer kitchens, baths, SS appliances, full HVAC and on-site laundry.
Listed by Angelo Labriola of Sperry Van Ness
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Price$1,350,000
MLS Number 11438461
Large price reduction! A large brick 3-story mixed-use building located on Pilsen's 18th Street retail corridor. It is located in a highly desirable location due to its proximity to UIC, Chicago's Business District, Cinespace Film Studios and just steps to award winning restaurants, entertainment venues, breweries and more. The building was stripped down to the floor joist and completely rebuilt. The building is essentially new with numerous improvements such as windows, HVAC, new water service, thermally insulated walls, acoustic insulation, electrical, coper plumbing, kitchens, cabinets, bathrooms, porches, decks, master key system and more! The apartments are all condo quality and consist of two 3 Bed/2 bath full floor units. The retail space is a NNN lease to Vive Healthy Sport & Nutrition, a community focused fitness studio. They occupy a total of 2,700 SF in 2 buildings, a 1,500 SF studio and a 1,200 SF two level space in the rear Coach House.
Listed by Angelo Labriola of Sperry Van Ness
Price$1,350,000
MLS Number 11423191
Amazing opportunity in prime location in Pilsen with a ton of traffic on Western! This almost 7,000 sq ft building comes with a turnkey fully operational restaurant on the first floor with coffee shop has many recent upgrades including point of sale system. Business will be included in the sale which includes trade fixtures and licenses. The second floor features an huge event space complete with stage and lighting. There is freight elevator that goes to all 3 levels including the partially finished basement with tons of storage space. The whole building has lots of recent updated including plumbing and HVAC. Parking is also included which is made up of 3 lots across the street that has also been used in the summer as a very successful and popular outdoor beer garden. This is quite the opportunity for the savvy investor and one that you certainly dont want to pass up!
Listed by Mark Santoyo and Yitzhak Zurita of RE/MAX Loyalty
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Price$1,300,000
MLS Number 11431758
6 Unit with Top Market earning potential at ground zero Pilsen. Use the 5 Residential and 1 Commercial/Storefront as an investment or Be an Entrepreneur and Grow this as a B and B Cashflowing business to Higher returns as it has been used before. The updates abound in this building with Stylistic choices that make this a rare gem and tailor it to be a special destination for all who will live here (and/or short term rental guests). The residential units above the store flourish with finishes that can drive rents to higher ranges. The details abound and were done with care and design to keep historical standards in place. Designed smartly with creative cabinetry, inlaid stone baths, upgraded plumbing fixtures, hand crafted light fixtures, restored floors, reclaimed woodwork, doors, railings, sculpted door handles and on and on. You wont have a long vacancy here and will rent quicker thanks to it's special sauce. If you decide not to term lease for the boring 8% Cap but choose to use a few units as Air B&B/Furnished Executive Rentals and push your returns into the teens (12-15%++)you have success lineage at this location since this was formerly run as a successful location for B&B called "Pilsen Roadhouse" with 3 units booking at 95% monthly and grossing over $5500 a month per unit. Close to Thalia hall so various "talent" (bands/musicians) has rented & enjoyed this location. A little on the layouts... STORE 1F: The first floor storefront has a duplex up to a den/loft and a large kitchen, bath and walk in closet. This is as perfect a Work/Live space as Pilsen can offer-Musician, Caterer, Artist, Professional Offices. Storefront could easily be duplexed again to tall basement(stair cutout still there). STUDIO 1R:Behind the storefront is a studio with bed/loft. 2F: 2 Bed 1 Bath. 2R: 1 bed 1 bath. 3R: 1 bed 1 bath. 3F: The biggest unit. This Duplex Up offers 3 beds and 2 baths (4th and 5th level) A note on value: With term leases alone the market rent of $147,000 + a year pushes the GRM to 10. This is remarkable value when you see the market comparables are getting over 11.0 for only builder quality cookie-cutter rentals in lesser locations in Pilsen. Location=Appreciation: Here your location is cemented in time as one of Forbes' "Coolest N'hoods in The World" and delivers you to the steps of La Dolce Vida on 18th. Your value will rise as Thalia hall's magnetism pulls vitality and more monetary flow around you. There is much to gain with 6 spaces like this here at ground zero cool. Final note: The Pilsen Historic District National Register of Historic Places established in 2006 allows buildings with remaining Historical character to Property tax freeze with a detailed procedure that may be possible at this location. Since many historical features remain thanks to owners foresight the owner encourages you to submit an application to keep those taxes low for many years to come.
Listed by Phillip Buoscio of Better Living Realty
Price$1,225,000
MLS Number 11425880
Amazing units with long-term tenants and below-market rents. While current income is strong, there is significant room to increase rents with little to no work. 7-unit loft apartment building located in Chicago's sought-after Pilsen neighborhood, steps away from 18th St., the main retail corridor, featuring endless restaurants, bars and entertainment options. The Subject Property was gut-rehabbed in 2005 and benefits from an extensive list of capital improvements. The spacious, loft-style units feature unique elements such as polished concrete floors, exposed brick, high ceilings, large bedrooms, and central heat and air conditioning. The property also includes a two-car garage with a sizable common rooftop deck above. A new owner may increase rents significantly by making only light cosmetic updates to the kitchens and bathrooms and installing in-unit laundry. Building Facts: Central Heat | Air Conditioning | New 400 AMP Service | All New Wiring | Individual Hot Water Tanks In Units | All Copper Plumbing| Vinyl Sound Insulated Windows | Floors Polished Concrete | 12 Year Tear-Off Year (Approximate) | Coin Laundry Hook-Ups in4F | Common Rooftop Deck Above Garage | Intercom Dial System
Listed by Nicholas Apostal of Keller Williams ONEChicago
Price$1,225,000
MLS Number 11456052
Handsome, renovated brick building with seven updated units: five on floors one and two, plus a sunny garden apartment, a stellar coachhouse and a recently refurbished coin-laundry room. Well-maintained and easy to lease property in a quiet area, with available street parking and outdoor space for each unit. Premium upgrades could support generous rental increases! Easy walking distance to CTA Pink Line and CTA bus routes for quick commutes to Loop, UIC and Illinois Medical District. Pilsen dining, entertainment and culture are just minutes away - one of Forbe's "Coolest Neighborhoods".
Listed by Kathleen Newell of Impero Properties
Price$879,999
MLS Number 11470444
Pilsen pilsen pilsen money maker need i say more?? Six unit brick building plus updated coach house in hot hot hot pilsen area!!! Some updated electical, newer windows, newer roofs on both buildings, both buildings have high ceilings in the unfinished basements and attics perfect for duplexing up and down!! Close to transportation, walking distance to shops, restaurants, bars and a few minutes from down town!! Both buildings are in good condition but can use some tlc. Bring all your savy investors because this one will not last long!!
Listed by Armando Vargas of Berkshire Hathaway HomeServices Chicago
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Price$859,000
Est. Mortgage: $/month
MLS Number 11486809
East Pilsen NEW construction SINGLE FAMILY HOME with ROOFTOP DECK right next to Jefferson Park, on a Cul-de-sac! Buyers can still customize interior finishes. Amazing CITY VIEW from 300SF of rooftop deck. More outdoor space in rear sodded yard! 2-car detached garage. Open floor plan with lots of custom features such as COFFERED CEILING in family room, dropped ceiling over kitchen island, and oversized windows throughout. UPSCALE finishes include: CUSTOM cabinetry, QUARTZ countertops, MARBLE backsplash, LG stainless steel appliances (slide-in gas range with oven and built-in air fryer), WHITE OAK floor throughout 1st and 2nd floor, lux vinyl tiles in lower level, and MATTE BLACK plumbing trims and door hardware. TWO LAUNDRY LOCATIONS - one set of hook-ups in lower level and 2nd set of hook-ups on 2nd floor. Primary suite with a ton of closet space and HEATED FLOOR in SPA-like primary bath! 2 separate high efficiency HVAC systems. Finished lower level with huge REC room, 4th bedroom, a full bathroom! Tons of storage space throughout the home. Photos are from a similar home sold on the same block.
Listed by Jennifer Liu of Baird & Warner
Price$825,000
Est. Mortgage: $/month
MLS Number 11392536
HOT Pilsen area! This recently rehabbed 5 unit building located on a quiet, tree-lined street is perfect for an owner-occupant or ideal investor. All 5 units are turn-key and have either been fully or partially rehabbed in 2017-18. The front building has a massive 3 bed unit with loads of character and long term tenants where rents can be increased. There is a nice studio basement apartment, generating an additional $950/month rent, with a designated washer and dryer for that building. The rear coach house has 3 additional apartments and coin operated laundry for this building. Three units are longer term tenants and 2 units are recently occupied. Apartments generate $6650 a month but can definitely increase rents as you turn over. Both buildings have a new roof. Easy street parking. Low operating expenses and taxes make this an ideal investment property. A+ location- close proximity to Pink Line and multiple bus stops as well as tons of shops and restaurants! Amazing opportunity to get in to the hot and upcoming Pilsen neighborhood!
Listed by Melanie Giglio and Albert Knott of Compass
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Based on information submitted to MRED as of August 11, 2022 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.
