4334 W 18th Street, Chicago, IL, 60623

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$400,000

4334 W 18th Street
Chicago, IL 60623

Multi Family|Sold 03/26/2025
0
Beds
0
Full Baths
0
Partial Baths

SqFt

/SqFt
1927
Built
County:
Cook
Listing Courtesy of MRED as distributed by MLS Grid of Keller Williams ONEChicago
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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.

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Listing Snapshot
Bedrooms 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Inside Area (SqFt) 
N/A
Lot Size 
N/A
Year Built 
1927
MLS® Number 
12270483
Status 
Sold
Property Tax 
$6,140
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a month agoListing updated with changes from the MLS®
General Features
Number Of Stories 
3
Property Sub Type 
Multi Family
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Community Features
MLS Area 
CHI - North Lawndale
Neighborhood & Commute
Source: Walkscore
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