4334 W 18th St.

4334 West 18th Street, Chicago, IL 60623

  • For Sale $490,000
  • Property Type Multi-Family
  • Units 0
  • # of Floors 3
  • Building Class C
  • Date Updated Jan 18, 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

  • Citgo

    0.42 miles

  • Amoco

    0.63 miles

  • Power Gas Station

    0.66 miles

  • Mobil

    0.74 miles

  • Shell

    0.79 miles

  • BP

    0.91 miles

  • GoLo

    0.97 miles

  • Sam's Club

    1.06 miles

  • EVgo

    3.45 miles

  • Soofa Solar Phone Charger

    4.13 miles

  • 54th/Cermak Park & Ride

    1.55 miles

  • Visitor Parking

    2.06 miles

  • Visitor Paerking

    2.38 miles

  • Trailer Parking

    2.65 miles

  • Lot 57

    2.82 miles

  • Lot W5

    2.90 miles

  • Lot 46 G

    3.04 miles

  • Lot A4

    3.11 miles

  • Karavan Motel

    0.57 miles

  • Shamrock Motel

    0.81 miles

  • Cindy Lyn Motel

    1.36 miles

  • Cicero Motel

    3.27 miles

  • Hyatt Place Chicago - Medical / University District

    3.32 miles

  • Hyatt House Chicago - Medical / University District

    3.38 miles

  • Courtyard by Marriott Chicago at Medical District / UIC

    3.67 miles

  • Hotel Chicago West Loop

    3.69 miles

  • Carlton Inn Midway

    3.73 miles

  • Skylark Motel

    4.12 miles

  • New Pine Valley Restaurant

    0.46 miles

  • Scatchell's Beef & Pizza

    0.58 miles

  • Taqueria Los Altos De Jalisco

    0.60 miles

  • Subway

    0.60 miles

  • Pollos Al Carbon

    0.61 miles

  • Irene's Pizza

    0.62 miles

  • Chepe's Tortillas

    0.63 miles

  • Dunkin'

    0.65 miles

  • Popeyes

    0.65 miles

  • Chipotle

    0.68 miles

  • Mason Elementary School

    0.16 miles

  • Hughes Elementary School

    0.24 miles

  • Alexanders Beauty School

    0.60 miles

  • KIPP Ascend Middle School

    0.61 miles

  • William Penn Elementary School

    0.62 miles

  • Ebenezer School

    0.70 miles

  • CCA Academy

    0.72 miles

  • Olive Child-Parent Center

    0.74 miles

  • Frazier International Magnet School

    0.77 miles

  • Saint Anthony School

    0.80 miles

  • Our Lady of Lourdes Child Development Center

    0.34 miles

  • Herzl Child-Parent Center

    0.79 miles

  • Dorie Miller Child Parent Center

    2.01 miles

  • YMCA Child Care

    2.04 miles

  • Sunny Days Kid's Academy

    2.47 miles

  • ABC Toon Town Day Care

    2.58 miles

  • Morningside Children's Academy

    2.58 miles

  • Little Folks Cottage Inc

    2.59 miles

  • Happy Days Child Care Center

    2.62 miles

  • New Zion Childcare Academy

    3.08 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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