SVN Chicago Commercial Sells Pilsen Mixed-Use Property
SVN Chicago Commercial’s Cawthon-Labriola Group announced the sale of a six-unit mixed-use building located at 1329 W 18th Street in the heart of Chicago’s Pilsen neighborhood. The property sold for $1.42 million.
The fully leased building features five recently rehabbed residential units, rear garage parking, and a newly signed retail lease with a five-year term plus options—making it an attractive, stabilized investment opportunity.
“This was a great stabilized product for an armchair investor looking for strong cash flow with long-term upside,” shared the Cawthon-Labriola team. “The newly signed retail lease combined with the recent residential renovations positioned this asset as a turnkey investment in one of Chicago’s most dynamic neighborhoods.”
SVN represented both sides of the transaction, with an out-of-state buyer acquiring the asset. The deal reflects ongoing investor interest in well-located, income-producing mixed-use properties in Chicago’s fast-evolving Pilsen corridor.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout