1140 W. 18th St

Strauss Realty, Ltd. has been exclusively engaged to market for sale 1140 W. 18th Place, a fully leased mixed-use property located in the heart of Chicago’s Pilsen neighborhood. The building totals approximately 8,000 square feet and includes one ground-floor commercial space occupied by Bobijoa Korean Kitchen, along with six renovated residential units above (three 2BD/1BA and three 1BD/1BA apartments). For complete financials, please contact agents Craig Wolf or Aaron Strauss at 773.736.3600.

Investor Highlights

The property is being offered at a 4.89% capitalization rate based on in-place NOI of $85,537.

All units are leased on gross terms, providing stable and predictable income with limited management burden.

The apartments have been updated with stainless steel appliances, granite countertops, new flooring, and individualized utilities.

With full occupancy and updated interiors, the asset offers turnkey cash flow in a high-demand rental submarket.

Located just off the intersection of 18th Street and Racine Avenue, the property is positioned in one of Chicago’s most active mixed-use corridors. The site benefits from excellent connectivity, including close proximity to the CTA Pink Line, multiple bus routes, and easy access to I-90/94 and I-55. The surrounding area features a dense residential population alongside a growing base of local businesses, restaurants, and cultural institutions. With strong rental demand, walkability, and ongoing public and private investment in the neighborhood, 1140 W. 18th Place represents a rare opportunity to acquire a fully stabilized, mixed-use asset in a core urban location.