1140 W 18th St

Chicago, IL 60608

$1,749,000
Price
—
Beds
—
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
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per Sq. Ft.
a view of a building with a street
a view of an empty room with wooden floor and a window
a kitchen with stainless steel appliances granite countertop a stove a sink dishwasher a dining table and chairs with wooden floor
a living room with furniture and a window
a city view

Description

Pleased to present 1140 W. 18th Place-a fully leased mixed-use property ideally situated in the heart of Chicago's vibrant Pilsen neighborhood. This well-maintained building spans approximately 8,000 square feet and features a ground-floor commercial space currently occupied by restaurant Bobijoa Korean Kitchen, along with six renovated residential units above. The residential mix includes three 2-bedroom/1-bath units and three 1-bedroom/1-bath units, all updated with stainless steel appliances,...Pleased to present 1140 W. 18th Place-a fully leased mixed-use property ideally situated in the heart of Chicago's vibrant Pilsen neighborhood. This well-maintained building spans approximately 8,000 square feet and features a ground-floor commercial space currently occupied by restaurant Bobijoa Korean Kitchen, along with six renovated residential units above. The residential mix includes three 2-bedroom/1-bath units and three 1-bedroom/1-bath units, all updated with stainless steel appliances, granite countertops, new flooring, and individual utilities. The property offers an attractive in-place cap rate of 4.89% with a current net operating income of $85,537. All leases are gross, minimizing management responsibilities and ensuring steady cash flow. With full occupancy and modernized interiors, this is a turn-key investment opportunity in a strong rental market. Located just steps from the intersection of 18th Street and Racine Avenue, the property benefits from excellent transit access via the CTA Pink Line, multiple bus routes, and nearby expressways. The area is known for its walkability, strong community presence, and a dynamic mix of local businesses, restaurants, and cultural destinations. This is a rare chance to acquire a stabilized asset in one of Chicago's most in-demand urban neighborhoods.

Property Details for 1140 West 18th Street

Area
CHI - Lower West Side
Township
South Chicago
Air Conditioning Type
Window Unit(s)
Zoning
OTHER
LISTING UPDATED: 08/10/2025 12:07 AM

Property Details for 1140 West 18th Street

StatusActive
MLS #12437547
Days on Market268
Taxes$13,941 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1885
Lot Size0.14 AC / 6,000 SF
CountyCook County

Location

Listing Courtesy of Strauss Realty Ltd
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Building Information for 1140 West 18th Street

Stories4Residences7Year Built1885Lot Size0.14 AC / 6,000 SF

Payment Calculator

$9,804 per month

30 year fixed, 6.28% Interest

Principal and Interest

$8,642

Property Taxes

$1,162

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1140 West 18th Street

General Information
Location and General Information
  • Geographic Locale: Chicago South
  • Information: Show-Call Listing Office
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Window Unit(s)
  • Electric: Separate Meters
  • # Of Washers: 1
  • Heat/Ventilation: Gas
  • # Of Refrigerators: 6
  • Washer/Dryer Lsd: Yes
  • # Of Dryers: 1
  • # Of Dishwashers: 6
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 6
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 25X125
  • Lot Size Square Feet: 6000.0
  • Stories: 4
  • Construction: Brick
  • Fire Protection: Other
  • Building Area Total: 8000
  • # Of Offices: 0
  • # Of Ranges: 6
  • # Of Stores: 1
  • Property Sub Type: Mixed Use
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 5
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 7
Income & Expenses
  • Electric Expense: $999.00
  • Fuel Expense: $.00
  • Gross Income: $999.00
  • Gross Scheduled Income: $999.00
  • Insurance Expense: $999.00
  • Electric Expense Source: Owner Projection
  • Total Annual Expense Source: Owner Projection
  • Fuel Expense Source: Owner Projection
  • Insurance Expense Source: Owner Projection
  • Other Expense Source: Owner Projection
  • Trash Expense Source: Owner Projection
  • Total Monthly Income: 999
  • Water Expense Source: Owner Projection
  • Net Operating Income: $85,537.00
  • Other Expense: $999.00
  • Trash Expense: $999.00
  • Water Sewer Expense: $999.00

Property History for 1140 West 18th Street

DateEvent & SourcePriceAppreciation
Aug 4, 2025

Listed (Active)

MRED #12437547

$1,749,000—
Dec 29, 2023

Expired

MRED #11268295

$1,725,000—
Nov 11, 2021

Cancelled

MRED #10581794

$1,725,000—
Nov 11, 2021

Listed (Active)

MRED #11268295

$1,725,000—
May 1, 2020

Listed (Active)

MRED #10581794

$1,815,000—
Nov 26, 2019

Cancelled

MRED #10013112

$1,829,000—
Jul 19, 2019

Listed (Active)

MRED #10013112

$1,900,000—
Aug 13, 2013

Sold

MRED #08307538

$280,000—
Aug 7, 2013

Sold (Public Record)

Public Record #367329799

$280,000—
Jul 8, 2013

Pending

MRED #08307538

—
Jun 4, 2013

Listed (Active)

MRED #08307538

$359,000—
Apr 3, 2013

Cancelled

MRED #08174834

$359,000—
Oct 6, 2012

Listed (Active)

MRED #08174834

$399,000—
Jun 30, 2011

Expired

MRED #07486708

$595,000—
Mar 31, 2010

Listed (Active)

MRED #07486708

$750,000—
DateEvent & SourcePrice
08/04/2025

Listed (Active)

MRED #12437547

$1,749,000
12/29/2023

Expired

MRED #11268295

$1,725,000
11/11/2021

Cancelled

MRED #10581794

$1,725,000
11/11/2021

Listed (Active)

MRED #11268295

$1,725,000
05/01/2020

Listed (Active)

MRED #10581794

$1,815,000
11/26/2019

Cancelled

MRED #10013112

$1,829,000
07/19/2019

Listed (Active)

MRED #10013112

$1,900,000
08/13/2013

Sold

MRED #08307538

$280,000
08/07/2013

Sold (Public Record)

Public Record #367329799

$280,000
07/08/2013

Pending

MRED #08307538

—
06/04/2013

Listed (Active)

MRED #08307538

$359,000
04/03/2013

Cancelled

MRED #08174834

$359,000
10/06/2012

Listed (Active)

MRED #08174834

$399,000
06/30/2011

Expired

MRED #07486708

$595,000
03/31/2010

Listed (Active)

MRED #07486708

$750,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1140 West 18th Street

Taxable ValueLand$3,124Additions$61,602Total$64,726
Tax Record2023$13,657 ($1,138 / month)
Home Facts
Baths5Total Finished SqFt8,160 SqFtAbove Grade Finished SqFt8,160 SqFtStories4Lot Size2,976 SqFtStyleStoresYear Built1890CountyCOOKAPN17-20-401-044

Schools near 1140 West 18th Street

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Jungman Elementary School
Public - PK to 8
Juarez Community Academy High School
Public - 9 to 12
Chicago Academy Adv Tech High School
Public - 9 to 12
Acero Charter - Bartolome De Las Casas
Charter - K to 8
Rating
School
Distance
Jungman Elementary School
PublicPK to 8

Juarez Community Academy High School
Public9 to 12

Chicago Academy Adv Tech High School
Public9 to 12

Acero Charter - Bartolome De Las Casas
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1140 West 18th Street, Chicago, IL 60608

1140 West 18th Street is a mixed use property for sale in Chicago, IL 60608. This property was listed for sale on August 4, 2025 by Strauss Realty Ltd, it's currently listed at $1,749,000. It has been on the market for a total of 268 days and was last sold on August 13, 2013. This listing's school district is Chicago Public Schools. Nearby schools include Jungman Elementary School, Juarez Community Academy High School and Chicago Academy Adv Tech High School. 1140 West 18th Street is a 0-bed, 0-bath, mixed use property built in 1885.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Strauss Realty Ltd

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 08/10/2025 12:07 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.