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$1,900,000
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Property Description
Exceptional commercial investment opportunity in the heart of Pilsen- one of Chicago's most vibrant and sought-after neighborhoods, whose 18th Street corridor was recognized by Time Out Magazine as one of the coolest streets in the world. This versatile C1-3 zoned mixed-use building at 2323 W. 18th Street offers a rare blend of established tenant-occupied commercial spaces and residential income, all under one roof. The building totals approximately 8,600 sq ft across two levels. The ground floor features a car wash (5,000 sq ft) with two bathrooms and a tire shop (2,500 sq ft) with its own bathroom - both currently occupied by paying tenants, providing immediate rental income from day one. The car wash business may also be available for purchase - an added opportunity for the right buyer. The second floor offers two distinct units: a private office suite (450 sq ft) with a dedicated bathroom, ideal for an owner-operator or additional lease income, and a 2-bedroom residential apartment (650 sq ft) with a full kitchen and bath - perfect for on-site living or further rental revenue. The location is unbeatable. Steps from a Metra commuter rail station for easy access across the Chicago metro, and just 2 blocks from Cinespace Chicago Film Studios, one of the largest film and TV production facilities in North America - a consistent traffic and business driver for the area. The property is also minutes from Harrison Park, the National Museum of Mexican Art, and the Medical District, with convenient access to I-90, I-55, and the Loop via the Pink Line or Metra. Nearby Thalia Hall, a landmark entertainment venue, anchors a thriving local scene of galleries, studios, restaurants, and boutiques. Whether you're an investor seeking strong rental returns, an entrepreneur ready to expand, or a startup looking for the perfect home base - this property delivers the space, zoning flexibility, and location to make it happen. Schedule your private showing today!
Full Property Details
Full Property Details for 2323 W 18th St
General
- Price: $1,900,000
- Taxes: $24,050 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12660027
- Updated: 6/15/2026
- Added to Site: 20 day(s) ago
Additional Information
- Security/Safety: Carbon Monoxide Detector(s)
Location
- Area: CHI - Lower West Side
- County: Cook
- Driving Directions: Take Western Ave North/South to Sout 18th Street. Turn East on 18th Street, head to address.
- Location Details: Chicago West
Heating & Cooling
- Cooling Type: Office Only
- Heating Type: Central Heat/Individual Controls, Hot Water
Structural Information
- Construction: Brick, Block
- Exterior Const.: Brick, Block
- Stories/Levels: 2
- Square Feet: 8,600
- Current Bldg. Use: Commercial, Automotive
- Year Built: 1929
- Built Before 1978: Yes
Unit Information
- # Tenants: 3
Lot Features
- Lot Size (Sq. Ft.): 7,500
- Lot Dimensions: 75' x 100'
- Drainage: Floor Drains
- Zoning: COMMR
Financial Considerations
- Operating Expenses: $24,050
- Security Deposit: Carbon Monoxide Detector(s)
- Assessment Year: 1929
- Tax Amount: $24,050.67
- Tax Year: 2024
Disclosures and Reports
- Property ID: 17193020050000
Listed by Midwest Real Estate Brokerage LLC
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Schools
Schools serving 2323 W 18th St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Pickard Elementary School 2301 West 21st Place, Chicago, IL 60608 | K-8 | 0.4 mi |
Juarez Community Academy High School 1450 West Cermak Road, Chicago, IL 60608 | 9-12 | 1.1 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 2323 W 18th St
Date
Details
Price
Change
Source
5/27/2026
Listed
$1,900,000
322.22%
MLS
2/06/2023
Sold
$450,000
—
Public Record
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 2323 W 18th St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$21,958
—
$65,735
-37%
2023
$21,958
75%
$104,071
71%
2022
$12,532
23%
$60,930
20%
2021
$10,214
127%
$50,794
152%
2020
$4,490
11%
$20,157
—
2019
$4,050
-70%
$20,157
-70%
2018
$13,427
23%
$67,973
34%
2017
$10,910
-23%
$50,679
-29%
2016
$14,226
9%
$71,026
—
2015
$13,015
37%
$71,026
39%
2014
$9,513
2%
$51,274
—
2013
$9,325
-29%
$51,274
-30%
2012
$13,091
—
$72,951
—
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 2323 W 18th St
2323 W 18th Street, Chicago, IL 60608 (MLS# 12660027) is a Commercial property. 2323 W 18th Street is currently listed for $1,900,000 and was received on May 27, 2026. Want to learn more about 2323 W 18th Street? 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.

