4340 W. 18th St.

4340 West 18th Street, Chicago, IL 60623

  • For Sale $410,000
  • Property Type Multi-Family
  • Units 0
  • Date Updated Jan 18, 2025

Presented by the Midwest Investment Advisors Team with KW Commercial and Keller Williams ONEChicago, 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): $75,176
  • 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.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

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

    1.00 miles

  • Cicero

    1.20 miles

  • 54th/Cermak

    1.22 miles

  • Kedzie

    1.47 miles

  • Berwyn

    3.48 miles

  • Uber Tent

    3.64 miles

  • Ashland

    3.75 miles

  • Harlem Avenue

    3.89 miles

  • UIC-Halsted (Morgan Street)

    4.42 miles

  • Citgo

    0.42 miles

  • Amoco

    0.63 miles

  • Power Gas Station

    0.66 miles

  • Mobil

    0.73 miles

  • Shell

    0.80 miles

  • BP

    0.92 miles

  • GoLo

    0.98 miles

  • Sam's Club

    1.06 miles

  • EVgo

    3.46 miles

  • Soofa Solar Phone Charger

    4.12 miles

  • 54th/Cermak Park & Ride

    1.54 miles

  • Visitor Parking

    2.07 miles

  • Visitor Paerking

    2.39 miles

  • Trailer Parking

    2.65 miles

  • Lot 57

    2.81 miles

  • Lot W5

    2.91 miles

  • Lot 46 G

    3.03 miles

  • Lot A4

    3.12 miles

  • Karavan Motel

    0.56 miles

  • Shamrock Motel

    0.80 miles

  • Cindy Lyn Motel

    1.35 miles

  • Cicero Motel

    3.27 miles

  • Hyatt Place Chicago - Medical / University District

    3.33 miles

  • Hyatt House Chicago - Medical / University District

    3.39 miles

  • Courtyard by Marriott Chicago at Medical District / UIC

    3.68 miles

  • Hotel Chicago West Loop

    3.70 miles

  • Carlton Inn Midway

    3.73 miles

  • Skylark Motel

    4.12 miles

  • New Pine Valley Restaurant

    0.47 miles

  • Scatchell's Beef & Pizza

    0.57 miles

  • Taqueria Los Altos De Jalisco

    0.59 miles

  • Pollos Al Carbon

    0.60 miles

  • Irene's Pizza

    0.61 miles

  • Subway

    0.61 miles

  • Chepe's Tortillas

    0.62 miles

  • Popeyes

    0.64 miles

  • Dunkin'

    0.65 miles

  • Chipotle

    0.67 miles

  • Mason Elementary School

    0.17 miles

  • Hughes Elementary School

    0.24 miles

  • Alexanders Beauty School

    0.60 miles

  • KIPP Ascend Middle School

    0.63 miles

  • William Penn Elementary School

    0.63 miles

  • Ebenezer School

    0.71 miles

  • CCA Academy

    0.73 miles

  • Olive Child-Parent Center

    0.75 miles

  • Frazier International Magnet School

    0.77 miles

  • Saint Anthony School

    0.78 miles

  • Our Lady of Lourdes Child Development Center

    0.34 miles

  • Herzl Child-Parent Center

    0.80 miles

  • Dorie Miller Child Parent Center

    2.02 miles

  • YMCA Child Care

    2.05 miles

  • Sunny Days Kid's Academy

    2.46 miles

  • ABC Toon Town Day Care

    2.57 miles

  • Morningside Children's Academy

    2.57 miles

  • Little Folks Cottage Inc

    2.58 miles

  • Happy Days Child Care Center

    2.61 miles

  • New Zion Childcare Academy

    3.09 miles

Frequently Asked Questions

How much does 4340 W. 18th St. cost?

The space currently listed for sale at 4340 W. 18th St. asks for $410,000.

What is the total square footage of 4340 W. 18th St. ?

4340 W. 18th St. totals 6,996 square feet.

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