1527 West 18th, Chicago IL 60608
$995,000

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Property Description

Located in the heart of Chicago's culturally rich Pilsen neighborhood, this legal 4-unit property including a coach house and rare 2-car garage presents a standout opportunity for both owner-occupants and savvy investors. Properties offering this combination of scale, flexibility, and parking are hard to find in this area. The owner's unit is duplexed up with roughed-in plumbing and ready for your vision to complete, offering the perfect opportunity to create a custom living space with in-unit laundry already in place. The remaining units are well-positioned for rental income and share a common laundry area. Each unit features separate utilities, providing efficiency and ease of management. Current rents are below market value, presenting a clear opportunity for a value-add strategy and future income growth. Whether through updates, lease adjustments, or completing the owner's unit, there is strong upside potential for increased cash flow and long-term appreciation. Situated just steps from the CTA Pink Line at the 18th Street station with direct access to the Loop, commuting downtown is seamless and convenient. Multiple bus routes run along 18th Street and Ashland Avenue, further enhancing accessibility throughout the city. The location also provides quick access to major expressways including I-290, I-90/94, and I-55, making travel in and out of the city effortless. Ideally located near the UIC Medical District, offering added appeal for medical professionals, students, and tenants seeking proximity to one of the city's major employment and healthcare hubs. Pilsen continues to be one of Chicago's most sought-after neighborhoods, known for its rich culture, dining scene, art, and strong rental demand. Whether you're looking to live in one unit while generating income, or expand your investment portfolio with a high-demand asset, this property checks all the boxes.

Features & Information

Key Details

  • List Price $995,000
  • Property Taxes $14,808
  • Price/ Sq. Ft. Unavailable
  • Year Built 1919
  • Parking Type Garage
  • Status New

Rooms

  • Total Rooms 17
  • Basement F

Exterior Features

  • Parking

  • Parking Details Garage
  • # of Cars:  2
  • # of Garage Spaces:  Garage Door Opener(s),7 Foot or more high garage door

Building Information

  • Number of Units 4
  • Age of Building 100+ Years
  • Exterior Construction Brick
  • Heating & Cooling Gas, Forced Air
  • Units

  • Unit 1 Stove, Refrigerator
  • Unit 2 Stove, Refrigerator
  • Unit 3 Stove, Refrigerator, Washer, Dryer, Dishwasher
  • Unit 4 Stove, Refrigerator

Location

  • County Cook
  • Township West Chicago
  • Corporate Limits Chicago
  • Directions to Property Ashland Ave, South Of 18th St., Then East On 18th Pl
  • Schools

  • Elementary School District 299
  • Junior High District 299
  • High School District: 299
  • Property Taxes

  • Tax 14808
  • Tax Year 2024
  • Tax Exemptions Homeowner
  • Parcel Identification Number 17203090140000

Utilities

  • Sewer Sewer-Publ

Listed by: Coldwell Banker Realty | Phone: 312.266.7000
Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 3/27/2026 8:32 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Explore Pilsen

A vibrant neighborhood situated on the city’s Lower West Side, Pilsen is one of Chicago’s oldest communities. Weathered stone castles, colorful turrets, and ornamental accents harken back to the area’s Bohemian roots. Building on its working-class roots, Pilsen has become a destination for the arts in Chicago—striking murals and vivid mosaics can be found throughout the neighborhood. Pilsen is home to a variety of galleries and museums, such as the National Museum of Mexican Art, one of the most prominent institutions for Mexican art and culture in the United States. Multi-generational mom and pop shops sit side-by-side some of the city’s finest dining. From off the beaten track locales to hip eateries, Pilsen offers a wide variety ideal for all. Vintage shops, independent cafes, and offbeat markets add to the neighborhood’s charm.

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