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2353 W 18th Place
AI Property Summary
Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).
- Six-unit apartment building located in Chicago Illinois
- Investment opportunity currently yielding a 7.50% cap rate
- Property situated within the active Pilsen submarket
- Asset type classified as a multifamily residential building
- Stable rental location with access to urban transit
What's Special
This six-unit multifamily apartment building located at 2353 W 18th Place in Chicago, Illinois, presents an active investment prospect currently operating at a 7.50% capitalization rate. Situated in the Pilsen neighborhood, the property benefits from the area's ongoing urban development and proximity to Chicago's dense employment core and transit infrastructure. The structure is well-positioned for an investor seeking to manage a compact residential asset within a historically vibrant submarket characterized by steady rental demand and a diverse local economy. The layout of the building accommodates six distinct units, providing a stabilized footprint for a multi-family portfolio. Its placement within the 60608 zip code offers connectivity to major thoroughfares and public transportation networks that define the broader Chicago metro area. Given the consistent demand for apartment inventory in this part of the city, the asset remains a functional choice for long-term hold strategies aimed at consistent yield.
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