1157 W 18th St

1157 W 18th St is a thirteen (13) unit mixed use asset in Chicago's Pilsen Neighborhood. Located in the heart of Pilsen and just a few blocks from the 18th St CTA, this property boasts a Walk Score of 96, labeling it a "Walker's Paradise."
The property offers twelve (12) apartments over 2,266 SF of street front retail space and a rear two (2) car garage. The building features renovated units with newer kitchens and bathrooms with quartz counter tops and most with custom wood framed islands and peninsulas. All units have central HVAC, dishwashers and in-unit laundry with a mix of stainless steel appliances. Capital improvements include new windows, plumbing, electrical and complete roof rear off and replacement in 2015.
The retail storefront is leased through 4/30/2026 with two (2) 5 year extension options to Hol Health Studio, a provider of chiropractic care, physical therapy, regenerative medicine, massage therapy and physical exams. In addition to base rent, this tenant covers their own operating costs along with 17% of the buildings operating costs which includes utilities, property taxes, and insurance amongst others. There is also attractive assumable debt with IO remaining through 10/25. The assumable debt is optional and can be bought free and clear if preferred.