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$700,000 Just Listed
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Property Description
**First Showing will be Monday March 23rd from 2pm-4pm. After, we would need a 24hr notice.** This is a great opportunity for a value add 6-unit brick building in Pilsen, ready for its next owner. It's a solid property that just needs some fixing up to reach its full potential. You'll find a good mix of units, including two 1-bed/1-bath apartments, three 2-bed/1-bath units, and a large 4-bed/2-bath duplex with its own laundry. The important updates are already done, with a roof less than 2 years old and some new heating and mechanicals. The property also offers shared laundry and a valuable two-car garage. With some work, this property is positioned to compete with the top-tier sales in Pilsen. Once updated and fully rented, the stabilized financials project a high capitalization rate for investors.
Full Property Details
Full Property Details for 1314 W 18th Pl
General
- Price: $700,000
- Taxes: $12,592 (2023)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12598222
- Updated: 3/27/2026
- Added to Site: 6 day(s) ago
Interior
- Basement: Finished
Additional Information
- Security/Safety: Fire Extinguisher(s), Carbon Monoxide Detector(s)
Location
- Area: CHI - Lower West Side
- County: Cook
- Township: West Chicago
- Driving Directions: East Cermak Rd Left on Throop East to 18th PL
Heating & Cooling
- Cooling Type: Central Air Conditioning, Window Unit(s)
- Heating Type: Forced Air, Wall Unit, Separate per Unit
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Finished
- Foundation: Brick/Mortar
- Stories/Levels: 3
- Square Feet: 4,320
- Current Bldg. Use: Multi-Family
- Year Built: 1883
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 5
- Units w/Range/Oven: 7
- # Dryers: 1
Lot Features
- Lot Size (Acres): 0.68
- Lot Size (Sq. Ft.): 2,976
- Lot Dimensions: 24 x 124
- Zoning: MULTI
Financial Considerations
- Insurance Fee: $26,000
- Operating Expenses: $32,000
- Security Deposit: Fire Extinguisher/s, Carbon Monoxide Detector(s)
- Assessment Year: 1883
- Tax Amount: $12,592
- Tax Year: 2023
- Tenant Pays: Electricity, Heat
- Pays Electric: 1200
Disclosures and Reports
- Property ID: 17203130310000
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Schools
Schools serving 1314 W 18th Pl
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Pilsen Elementary Community Academy 1420 West 17th Street, Chicago, IL 60608 | PK-8 | 0.2 mi |
Juarez Community Academy High School 1450 West Cermak Road, Chicago, IL 60608 | 9-12 | 0.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1314 W 18th Pl
Date
Details
Price
Change
Source
3/21/2026
Listed
$700,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1314 W 18th Pl
Year
Property Taxes
Change
Tax Assessment
Change
2023
$12,593
—
$66,000
5%
2023
$12,593
-3%
$63,000
—
2022
$12,958
13%
$63,000
—
2021
$11,463
46%
$63,000
55%
2020
$7,834
-4%
$40,752
-13%
2019
$8,171
173%
$46,842
—
2018
$2,996
-7%
$46,842
55%
2017
$3,208
-10%
$30,226
—
2016
$3,584
4%
$30,226
—
2015
$3,444
1%
$30,226
29%
2014
$3,415
—
$23,348
—
2013
$3,427
10%
$23,348
—
2012
$3,102
—
$23,348
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1314 W 18th Pl
1314 W 18th Place, Chicago, IL 60608 (MLS# 12598222) is a Commercial property. 1314 W 18th Place is currently listed for $700,000 and was received on March 21, 2026. Want to learn more about 1314 W 18th Place? Do you have questions about finding other Commercial real estate for sale in Lower West Side? You can browse all Lower West Side real estate or contact a Coldwell Banker agent to request more information.

