4334 W 18th St.

4334 West 18th Street, Chicago, IL 60623

  • For Sale $490,000
  • Property Type Multi-Family
  • # of Floors 3
  • Building Class C
  • Date Updated Mar 31, 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.

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Contacts

broker
Anthony Hardy

Keller Williams ONEChicago

broker
Travis Montgomery

Keller Williams ONEChicago

broker
Rudy Hancock

Keller Williams ONEChicago

broker
Tracii Randolph

Keller Williams ONEChicago

Location

Getting Around

  • Walk Score ®

    53/100 Somewhat Walkable

  • Transit Score ®

    65/100 Good Transit

  • Bike Score ®

    54/100 Bikeable
Powered by Walk Score ®
  • City Chicago, IL
  • Neighborhood North Lawndale
  • Zip Code 60623
  • Market Chicago

Points of Interest

  • Kostner

    0.24 miles

  • Central Park

    0.99 miles

  • Cicero

    1.21 miles

  • 54th/Cermak

    1.24 miles

  • Kedzie

    1.46 miles

  • Berwyn

    3.49 miles

  • Uber Tent

    3.63 miles

  • Ashland

    3.74 miles

  • Harlem Avenue

    3.90 miles

  • UIC-Halsted (Morgan Street)

    4.41 miles

Frequently Asked Questions

How much does 4334 W 18th St. cost?

The space currently listed for sale at 4334 W 18th St. asks for $490,000.

What is the total square footage of 4334 W 18th St. ?

4334 W 18th St. totals 8,328 square feet.

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