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SVN Chicago Commercial Facilitates Sale of Pilsen Mixed-Use Property for $1.42 Million
SVN Chicago Commercial’s Cawthon-Labriola Group has successfully completed the sale of a six-unit mixed-use property located at 1329 W. 18th Street in the heart of Chicago’s vibrant Pilsen neighborhood. The asset changed hands for $1.42 million.
The fully leased building includes five recently renovated residential units, rear garage parking, and a newly secured retail tenant under a five-year lease with additional options. These updates and the lease agreement have positioned the property as a stabilized, turnkey investment.
“This was a great stabilized product for an armchair investor looking for strong cash flow with long-term upside,” said 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 Chicago Commercial represented both the buyer and seller in the transaction. The buyer is an out-of-state investor, reflecting continued interest in well-located, income-producing mixed-use assets within Chicago’s evolving Pilsen area.
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