Multifamily N Illinois

Renovated mixed-use Pilsen building sells at $2.1M

Renovated mixed-use Pilsen building sells at $2.1M,ph1

The Cawthon-Labriola group of SVN Chicago Commercial sold a 13-unit mixed use building at 1700 W. 19th Street in Chicago’s Pilsen neighborhood, marking their 71st transaction in the neighborhood. Angelo Labriola and Paul Cawthon represented the seller in the transaction. The building sold for $2,100,000.

The property consisted of 13 renovated units with a mix of 1, 2 and 3-bedroom units and a retail unit with a long-term tenant. Below-market rents allow for additional value. “This was a great value for a renovated property, particularly being located so close to the 18th Street CTA Pink line station and the 18th Street retail corridor,” Cawthon said.