4340 W 18th Street, Chicago, IL, 60623

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$410,000

4340 W 18th Street
Chicago, IL 60623

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

SqFt

/SqFt
1940
Built
County:
Cook
Listing Courtesy of MRED as distributed by MLS Grid of Keller Williams ONEChicago
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4340-42 W. 18th St offers an excellent investment opportunity in Chicago's North Lawndale neighborhood. This 7-unit multifamily property provides substantial value-add potential, benefiting from its prime location in both an Opportunity Zone and Enterprise Zone 1, granting significant tax advantages to investors. Property Highlights: Unit Mix: (3) Two-bedroom, one-bathroom units (3) Three-bedroom, one-bathroom units (1) One-bedroom, one-bathroom unit Current Condition: 6 units are vacant and in need of renovations. Renovation budget estimate: $100,000-$150,000. Pro Forma Financial Projections: Monthly Rental Income: $8,850 Net Operating Income (NOI): $74,820 Projected Cash-on-Cash Return: Above 20% With 6 of 7 units available for renovation and lease-up, this property presents a prime opportunity to reposition and maximize income. The estimated renovation costs align with a value-add strategy that enables investors to capitalize on tenant demand and strong market growth potential. Located in the thriving North Lawndale neighborhood, this property is surrounded by public transportation, schools, parks, and other essential amenities, ensuring long-term tenant interest and stability. For investors looking to achieve strong cash-on-cash returns while leveraging the benefits of Opportunity Zone tax incentives, 4340-42 W. 18th St is an unmatched addition to any multifamily portfolio.

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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 
1940
MLS® Number 
12271682
Status 
Sold
Property Tax 
$5,927.7
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
Additional Property Use 
Multi-Family
Foundation 
Concrete Perimeter
Number Of Stories 
3
Property Sub Type 
Multi Family
Zoning 
MULTI
Interior Features
Basement 
Partially Finished
Electric 
Circuit Breakers
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Exterior Features
Construction Details 
BrickConcrete
Community Features
MLS Area 
CHI - North Lawndale
Township 
West Chicago
Neighborhood & Commute
Source: Walkscore
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