REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,300,000
Est. payment | /mo
$ 1,300,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12302433
Year Built 1886
Annual Tax Amount $4,500
Tax Year 2022
Lot Dimensions 25 X 238
Property Sub-Type Mixed Use
Property Description
Delighted to present: The Persepolitan. * A bohemian treasure in the vibrant and historic Pilsen community. * Prime Commercial Property * This property features four oversized residential units and one expansive commercial space. * Strong Investment Opportunity * Offering a double-digit CAP rate, driven by steady cash flow and significant appreciation potential. * Unmatched Accessibility * A commuter's delight, located at the intersection of 18th St. and Ashland Ave., with bus stops within walking distance and the Pink Line train station just a short walk away. * High Foot & Vehicle Traffic * This highly accessible location ensures consistent foot traffic and remarkable commuter convenience. The intersection boasts an Average Daily Traffic (ADT) count of nearly 36,000 vehicles-a major advantage for any local business. * Enhanced Logistics & Deliveries * A loading dock on Marshfield Avenue at the rear of the building improves accessibility for deliveries and logistics. * Proximity to Major Landmarks & Employers * Just minutes from Chicago's Medical District, the University of Illinois at Chicago (UIC), FBI Headquarters, Rush University Medical Center, the National Museum of Mexican Art, and Thalia Hall-a historic live music venue that draws both locals and visitors with top-tier performances. * A Culinary & Cultural Destination * Pilsen is home to some of Chicago's best restaurants, cafes, and cultural hotspots. * Besides its formidable culinary chops, Pilsen is world-famous for its vibrant murals and street art, which transform the neighborhood into an open-air gallery. * From large-scale, pieces to intimate depictions of everyday life, these murals tell the story of Pilsen's rich cultural heritage and deep-rooted artistic community. * This colorful, dynamic landscape adds to the area's energy and makes it one of the most visually striking neighborhoods in Chicago. * This four unit mixed-use residential building has a powerful zoning: C1-2 * Investors will appreciate the versatile commercial use, accommodating tenants such as: national retailers * Coffee shops, restaurants, salons * Artist live/work spaces * Universities, daycare centers, veterinary clinics * Urban farming, banquet halls, insurance agencies * Banks, financial services, bed & breakfasts, vacation rentals * Medical offices, data storage, auto supply stores * Motorcycle/boat sales, artisan industrial businesses * Laundromats/dry cleaning services * Wholesale operations, freight & warehousing * Wireless communication facilities and more! * Additionally, apartments are permitted above the ground floor, with over 5,000 square feet of divisible residential space currently in use. * Strategic Location & Convenience * Costco is just two minutes away * Super easy access to I-290, I-55, and I-90/94 * Immediate convenience, cashflow, & long-term value * Seize this rare opportunity. Invest in a strong, thriving community with a bright future. Schedule your showing today.
Location
State IL
County Cook
Area Chi - Lower West Side
Zoning OTHER
Interior
Cooling Exhaust Fan
Fireplace N
Exterior
Utilities Available Water-Municipal
Building
Dwelling Type Mixed Use
Level or Stories 2
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Roberto Montano • Engel & Voelkers Chicago
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
760 Pasquinelli Dr Suite 348, Westmont, Illinois, 60559, United States