Pilsen, Chicago — Sale in Chicago, IL

  • Price: $2.3M
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Chicago, IL 60608
  • Size: 11,800 SF
  • Year built: 1930

Photos

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Investment Figures

Price per square foot
$191
Price per unit
$187,500 across 12 units

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

KW Commercial is pleased to present the opportunity to acquire 1723- 25 S Ashland Ave, Chicago, IL, 60608. This mixed-use building contains four commercial spaces and eight residential units, with the possibility to increase to nine residential units. Located on the northeast corner of Ashland Ave. & 18th St, it hosts the view of a daily average of 35,876 vehicles. Long standing tenants hold tenancy of the commercial spaces with both city-known and national tenants. Building SF: 11800 | Land Size: 4356.0 SF | Year Built: 1930 | Listing Type: FOR SALE

Market Context

This multifamily in Chicago, IL is listed for sale at $2,250,000 across 11,800 SF. The building dates to 1930. Compare it against other multifamily listings for sale in Chicago, IL — view the full market.

As of Q1 2026, the Chicago multifamily market showed average asking rents near $2018.50/unit/mo, and rents up 3.1% year over year. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

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