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$935,000

1311 W Ohio Street
Chicago, Illinois 60642

Closed / MLS #12119789 / Multiple Family / West Town
Listing information updated 9/28/2024 at 9:43am
Presenting the exclusive sale of 1311 W Ohio. A 6-unit Multifamily property located in the vibrant West Town neighborhood. This property presents a rare opportunity to take over a building that been owned by the same for over 60 years. The building has been meticulously cared for over the years with consistent preventative maintenance to the exterior, newer roofs, and tuck pointing on all exterior masonry. All units are currently leased for well under market rents, with leases expiring between the end of August through the end of November. The Savvy Investor can quickly turn this building into a cash generating tool quickly and efficiently. The Property consists of a front masonry building with 3 - 1Bed 1Bath plus Den units, and a 2 bed 1 bath unit. Separated by a private courtyard, sits the coach house with 2 more 2Bed 1Bath units. For the value-add investors, there are more opportunities to push rents by addings Central A/C and heating, in-unit laundry, and updating all kitchens and baths. A building of this quality will not come along often at this price.
Exterior Type:
Brick
Basement:
Unfinished
Water Front:
No
Square Feet:
N/A
Built:
1887
Cooling System:
Window Unit(s)
Stories:
2
Roof:
Rubber
Current Use:
Multi-Family
Potential Use:
Condominium, Multi-Family
Zoning:
MULTI
Current Net Income:
$45,084
Unit 1:
4 room(s) / 2 bed(s) / 1 bath(s)
Unit 2:
4 room(s) / 1 bed(s) / 1 bath(s)
Unit 3:
5 room(s) / 2 bed(s) / 1 bath(s)
Tax Amount:
$19,513
Tax Year:
2023
Zip Code:
60642
City:
Chicago
County:
Cook

Listing Office: Cross Street Real Estate

Listing Office Phone: 312.312.9844

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 9/28/2024 at 9:43am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.

West Town, IL

Comprised of several distinct Chicago neighborhoods northwest of the Loop, West Town is a thriving community that has experienced extensive development over the past decade. The community includes the neighborhoods of Wicker Park, Ukrainian Village, East Village, River West, Noble Square, East Humbo...

CTA

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Blue line at Chicago
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$757,849
Average Sale Price
45
Average Days On The Market
100%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 1311 W Ohio Street, Chicago, IL 60642
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1311 W Ohio Street, Chicago, IL 60642 is a multiple family which sold for $935,000. This multiple family has been listed on @properties Christie's International Real Estate since July 24th, 2024 and was built in 1887. The nearest transit stops include Chicago CTA Blue line.

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