Listing provided courtesy of Midwest Real Estate Brokerage LLCMREDas Distributed by MLSGrid- MLS# 12660027MLS Provider

2323 W 18th StreetChicago, IL 60608

Commercial · 8,600 Sq. ft.
$1,900,000 Active

2323 W 18th Street Overview

Time on Site:
33 days
Visits:
1

Exceptional commercial investment opportunity in the heart of Pilsen- one of Chicago's most vibrant and sought-after neighborhoods, whose 18th Street corridor was recognized by Time Out Magazine as one of the coolest streets in the world. This versatile C1-3 zoned mixed-use building at 2323 W. 18th Street offers a rare blend of established tenant-occupied commercial spaces and residential income, all under one roof. The building totals approximately 8,600 sq ft across two levels. The ground floor features a car wash (5,000 sq ft) with two bathrooms and a tire shop (2,500 sq ft) with its own bathroom - both currently occupied by paying tenants, providing immediate rental income from day one. The car wash business may also be available for purchase - an added opportunity for the right buyer. The second floor offers two distinct units: a private office suite (450 sq ft) with a dedicated bathroom, ideal for an owner-operator or additional lease income, and a 2-bedroom residential apartment (650 sq ft) with a full kitchen and bath - perfect for on-site living or further rental revenue. The location is unbeatable. Steps from a Metra commuter rail station for easy access across the Chicago metro, and just 2 blocks from Cinespace Chicago Film Studios, one of the largest film and TV production facilities in North America - a consistent traffic and business driver for the area. The property is also minutes from Harrison Park, the National Museum of Mexican Art, and the Medical District, with convenient access to I-90, I-55, and the Loop via the Pink Line or Metra. Nearby Thalia Hall, a landmark entertainment venue, anchors a thriving local scene of galleries, studios, restaurants, and boutiques. Whether you're an investor seeking strong rental returns, an entrepreneur ready to expand, or a startup looking for the perfect home base - this property delivers the space, zoning flexibility, and location to make it happen. Schedule your private showing today!

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2323 W 18th Street Facts & Features

  • Type Commercial
  • Sq. ft. 8,600
  • Price/Sq.ft. $221

Details

General

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Income: 8700
  • Gross Scheduled Income: 104400
  • Insurance Expense: 0
  • Net Operating Income: 80349
  • Operating Expense: 24050
  • Trash Expense: 0
  • Water Sewer Expense: 11239

Building Information

  • Year Built: 1929

Business Information

  • Current Use: Commercial,Automotive

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Lower West Side

Tax Information

  • Tax Annual Amount: $24,050.67
  • Tax Year: 2024

General Information

  • Parcel Number: 17193020050000
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 8600

General Information

  • Cooling: Office Only
  • Electric: Circuit Breakers, Separate Meters, Service - 101 to 200 Amps
  • Stories: 2

Exterior

Lot Information

  • Additional Parcels: Yes
  • Lot Size Dimensions: 75' X 100'
  • Lot Size Square Feet: 7500

Building Exterior/Construction

  • Construction Materials: Brick, Block

General Information

  • Number Of Units Total: 3

2323 W 18th Street Neighborhood

Community

60608 (CHICAGO) Demographics

33
Median Age
12,268
Population Density (per sq. mile)
35%
College Educated
$57,183
Estimated Median Income
10,169
Estimated Total Home Owners
16,042
Estimated Total Renters
39% / 61%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

2323 W 18th Street Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

2323 W 18th Street Market Data

Based on the last 30 days in this zip code

$465,593
Average List Price
$352
Average Price per Square Foot
26
Properties Sold
74
Average Days on Market
85
Properties for Sale
Calculations provided by Reliance Network

2323 W 18th Street History

Date Event Value Agent
6/1/2026Source: MRED Status Change
Active
5/27/2026Source: MRED Added to Database
May 27, 2026