Pilsen, Chicago

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. 


Pilsen is a culturally rich neighborhood situated roughly 3.5 miles southwest of Chicago’s Loop. The neighborhood of Pilsen features a diverse population mix including artists, creatives, business professionals, medical students, grad students and families. 18th Street is the main retail corridor that is home to many local cafes, local retailers, coffee shops, bodegas and restaurants. 

While Pilsen has a strong cultural presence filled with many local restaurants, several Chicago restaurants with multiple locations with critically acclaimed new chefs have opened restaurants in recent years. The property is situated approximately 1 mile from Thalia Hall, a historic landmark and neighborhood cultural arts and events center as well as a concert hall. Thalia Hall is a prime example of the ever-growing art community that Pilsen is. In addition to Thalia Hall, Pilsen is home to the National Museum of Mexican Art which attracts visitors from not only Chicago and the Midwest, but nationally and internationally as well. 

Not only are residents extremely close to downtown Chicago but they are also just west of McCormick Place, the largest convention center in North America. The property’s convenient location makes commuting around the city quite easy. 1723-25 S Ashland Avenue is one block from the CTA 18th St Pink Line Stop, 5 minutes from the Halsted/UIC Metra Train Station, five minutes from the Illinois Medical District, and in close proximity to numerous bus stops.



Located On The Northeast Corner of Ashland Ave. & 18th St.
Present Updating To Nine Residential Units - Four Commercial Spaces
Low Expenses
CTA Public Transportation Bus Stops For Both Ashland Ave. & 18th St. Located At The Front Steps Of The Property
Five minutes from the Halsted/UIC Pink Line Station
Steps from the 18th St. CTA Pink Line Station
Located At The Heart of Pilsen, and The Entry To East Pilsen
35,876 Average Daily Traffic At The Intersection Of Ashland Ave. & 18th St.