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1523 W 18th Street, Chicago, IL 60608
$725,000
1523 W 18th Street, Chicago, IL 60608View this property at 1523 W 18th Street, Chicago, IL 60608
1523 W 18th StreetChicagoIL60608
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Property Description
Prime 18th Street Mixed-use building with numerous updates including 400 amp electric in front building, new 100 amp service in Coach House, new porch completed with permits, newer chimneys with liners, newer heating and hot water units and partial tuck-pointing. The units feature nicely sized 1 bed/1 bath units and a large duplex into the attic unit with 5 bedrooms and 2 baths. The coach house in the rear is approximately 700 SF. There is a nice outdoor patio for tenants to enjoy and the basement has a nice ceiling height and is currently leased at $450 per month. Unit 2R has in-unit laundry and a nicely updated bathroom. Ownership can not confirm the legality of the 6th unit. Tons of value-add in this property as ownership has been paying gas for all tenants which can easily become a tenant paid expense upon lease renewals. Real Estate Taxes have not been contested and increased by 74%. New assessed value is well above current asking price and can easily be contested and reduced upon completion of sale.
Full Property Details
Full Property Details for 1523 W 18th St
General
- Sold For: $725,000
- Taxes: $18,299 (2021)
- Status: Closed
- Type: Store
- MLS ID: 11741096
- Added to Site: 426 day(s) ago
Additional Information
- Security/Safety: Fire Extinguisher(s)
Location
- Area: CHI - Lower West Side
- County: Cook
- Driving Directions: On S 18th St between Ashland Ave and Laflin St.
- Location Details: Chicago South
Heating & Cooling
- Cooling Type: Central Air Conditioning, Central Individual, Window Unit(s)
- Heating Type: Central Heat/Individual Controls, Forced Air, Gas
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Stories/Levels: 4
- Square Feet: 3,780
- # of Stores: 1
- Year Built: 1882
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 5
- Units w/Range/Oven: 5
Lot Features
- Lot Size (Sq. Ft.): 3,100
- Lot Dimensions: 25 x 124
- Zoning: COMMR
Financial Considerations
- Security Deposit: Fire Extinguisher/s
- Assessment Year: 1882
- Tax Amount: $18,299.2
- Tax Year: 2021
- Tenant Pays: Air Conditioning, Electricity, Heat
Disclosures and Reports
- Property ID: 17203080190000
Listed and Sold by Sperry Van Ness
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Schools
Schools serving 1523 W 18th St
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
1624 W 19th St, Chicago, IL 60608 | PK-5 | 0.2 mi | |
1940 W 18th St, Chicago, IL 60608 | PK-8 | 0.5 mi | |
1450 W Cermak Rd 1510, Chicago, IL 60608 | 9-12 | 0.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1523 W 18th St
Date
Details
Price
Change
Source
10/25/2023
Sold
$725,000
-8.81%
MLS
5/15/2023
Price Reduced
$795,000
-11.57%
MLS
3/20/2023
Listed
$899,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1523 W 18th Street, Chicago, IL 60608 (MLS# 11741096) is a Store property that was sold at $725,000 on October 25, 2023. Want to learn more about 1523 W 18th Street? Do you have questions about finding other Store 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.