Contacts
Keller Williams ONEChicago
Keller Williams ONEChicago
Keller Williams ONEChicago
Keller Williams ONEChicago
Property Details
- Property Type Multi-Family
- Units 0
- # of Floors 3
- Building Class C
- Date Updated Jan 20, 2025
Presented by the Midwest Investment Advisors Team with KW Commercial and Keller Williams ONEChicago, 4336-38 W 18th St, Chicago, IL 60623, is a 7-unit multifamily property offering a compelling investment opportunity in the North Lawndale neighborhood. This Class C property, built in 1901, presents significant value-add potential and benefits from its location within both an Opportunity Zone and Enterprise Zone 1, offering substantial tax incentives to investors.
The property features a desirable unit mix of (4) two-bedroom, one-bathroom units and (3) three-bedroom, one-bathroom units, catering to diverse tenant demographics. Currently, 4 units are vacant and ready for renovation and lease-up, presenting a unique opportunity for strategic upgrades to maximize rental income.
The pro forma financials highlight robust investment potential:
- Gross Monthly Rent (Pro Forma): $9,050
- Net Operating Income (Pro Forma): $78,161
- Projected Cash-on-Cash Return: Above 18%
- Renovation Budget: $100,000 to $150,000
This value-add opportunity allows investors to increase property value through targeted renovations while capitalizing on strong tenant demand in a market poised for growth.
Situated in the heart of North Lawndale, the property offers proximity to transportation, schools, and essential amenities, ensuring sustained demand and long-term growth. For investors seeking high returns and strategic upside, 4336-38 W 18th St is a standout opportunity in Chicago’s competitive multifamily market.
Reach out to the broker for more info on lease terms and amenities
Getting around
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53/100
Walk Score ®
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65/100
Transit Score ®
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54/100
Bike Score ®
Location
- City Chicago, IL
- Neighborhood North Lawndale
- Zip Code 60623
- Market Chicago
Points of Interest
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Kostner
0.24 miles
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Central Park
0.99 miles
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Cicero
1.21 miles
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54th/Cermak
1.24 miles
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Kedzie
1.46 miles
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Berwyn
3.49 miles
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Uber Tent
3.63 miles
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Ashland
3.74 miles
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Harlem Avenue
3.90 miles
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UIC-Halsted (Morgan Street)
4.41 miles
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Citgo
0.42 miles
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Amoco
0.63 miles
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Power Gas Station
0.66 miles
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Mobil
0.74 miles
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Shell
0.79 miles
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BP
0.91 miles
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GoLo
0.97 miles
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Sam's Club
1.06 miles
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EVgo
3.45 miles
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Soofa Solar Phone Charger
4.13 miles
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54th/Cermak Park & Ride
1.55 miles
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Visitor Parking
2.06 miles
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Visitor Paerking
2.38 miles
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Trailer Parking
2.65 miles
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Lot 57
2.82 miles
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Lot W5
2.90 miles
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Lot 46 G
3.04 miles
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Lot A4
3.11 miles
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Karavan Motel
0.57 miles
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Shamrock Motel
0.81 miles
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Cindy Lyn Motel
1.36 miles
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Cicero Motel
3.27 miles
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Hyatt Place Chicago - Medical / University District
3.32 miles
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Hyatt House Chicago - Medical / University District
3.38 miles
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Courtyard by Marriott Chicago at Medical District / UIC
3.67 miles
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Hotel Chicago West Loop
3.69 miles
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Carlton Inn Midway
3.73 miles
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Skylark Motel
4.12 miles
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ALDI
0.51 miles
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Cermak Fresh Market
0.57 miles
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Burlington
0.60 miles
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Supermercado La Chiquita
0.83 miles
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Target
1.27 miles
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Save-A-Lot
1.27 miles
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Ross
1.32 miles
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dd's Discounts
1.37 miles
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Food 4 Less
1.40 miles
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Torres Supermercado
1.43 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
