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$1,600,000
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Property Description
Fully Renovated 5-Unit Masonry Brick Mixed-Use Building Located on Pilsen's 18th Street Retail Corridor. The property includes (2) 3 bed, 2 bath residential apartments plus (3) built-out commercial units, offering strong in-place income in a prime Chicago neighborhood. The building was gut renovated in 2017-stripped to the floor joists and completely rebuilt, featuring updated interiors throughout. The residential units offer modern kitchens with stainless steel appliances, exposed brick accents, hardwood flooring, and excellent natural light. Current ownership has completed extensive additional capital improvements, including a new coach house roof, parapet wall reconstruction, Hardy board siding, masonry updates, replacement of multiple water heaters, added windows and lighting, a Doorbird entry system, and further updates to the residential units. Ownership also oversaw the buildout of all three commercial spaces and secured a new long-term tenant, Vela Spa. Ideally located near UIC, downtown Chicago, Cinespace Film Studios, and some of Pilsen's most popular restaurants, retail, and entertainment. Easy access to Metra and CTA transit. The property currently generates $149,352 in annual income, providing investors with a turnkey opportunity in one of Chicago's most sought-after mixed-use corridors.
Full Property Details
Full Property Details for 965 W 18th St
General
- Price: $1,600,000
- Taxes: $18,194 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12557451
- Updated: 2/4/2026
- Added to Site: 22 day(s) ago
Additional Information
- Security/Safety: Fire Extinguisher(s)
Location
- Area: CHI - Lower West Side
- County: Cook
- Township: West Chicago
- Driving Directions: 18th Street & Halsted, West on 18th Street to 965 on the South Side of the Street
- Location Details: Chicago South, Chicago West
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air, Gas
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Stories/Levels: 3
- Square Feet: 6,025
- # of Stores: 1
- Year Built: 1885
- Built Before 1978: Yes
Unit Information
- # Tenants: 5
- Units w/Refrigerators: 2
- Units w/Range/Oven: 2
- # Dryers: 2
Lot Features
- Lot Size (Sq. Ft.): 2,500
- Lot Dimensions: 25 x 100
- Zoning: COMMR
Financial Considerations
- Insurance Fee: $6,264
- Operating Expenses: $29,414
- Security Deposit: Fire Extinguisher/s
- Assessment Year: 1885
- Tax Amount: $18,194.61
- Tax Year: 2024
- Tenant Pays: Air Conditioning, Electricity, Heat, Varies by Tenant
- Pays Electric: 600
Disclosures and Reports
- Property ID: 17204120030000
Listed by eXp Realty
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Schools
Schools serving 965 W 18th St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Jungman Elementary School 1746 South Miller Street, Chicago, IL 60608 | PK-8 | 0.1 mi |
Juarez Community Academy High School 1450 West Cermak Road, Chicago, IL 60608 | 9-12 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 965 W 18th St
Date
Details
Price
Change
Source
1/29/2026
Listed
$1,600,000
19.85%
MLS
11/04/2022
Sold
$1,335,000
—
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 965 W 18th St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$14,651
3%
$69,438
—
2022
$14,282
2%
$69,438
—
2021
$13,963
53%
$69,438
70%
2020
$9,098
-13%
$40,842
-21%
2019
$10,424
2%
$51,883
—
2018
$10,249
117%
$51,883
457%
2017
$4,716
-45%
$9,321
-80%
2016
$8,574
5%
$47,090
—
2015
$8,148
42%
$47,090
41%
2014
$5,718
2%
$33,387
—
2013
$5,594
49%
$33,387
43%
2012
$3,745
—
$23,363
—
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 965 W 18th St
965 W 18th Street, Chicago, IL 60608 (MLS# 12557451) is a Commercial property. 965 W 18th Street is currently listed for $1,600,000 and was received on January 29, 2026. Want to learn more about 965 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.

