Chicago, IL 60642,1311 W Ohio Street
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Chicago, IL 60642,1311 W Ohio Street
Chicago, IL 60642,1311 W Ohio Street
Chicago, IL 60642,1311 W Ohio Street
Chicago, IL 60642,1311 W Ohio Street

$935,000

Est. payment /mo

$975,000

4.1%
Est.Price: ?

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1311 W Ohio Street Chicago, IL 60642

SOLD DATE : 09/27/2024

Key Details

Sold Price $935,000

Property Type Commercial

Sub Type Multi Family 5+

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 12119789

Sold Date 09/27/24

Year Built 1887

Annual Tax Amount $19,513

Tax Year 2023

Lot Dimensions 125X25

Property Description

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.

Location

State IL

County Cook

Zoning MULTI

Interior

Cooling Window Unit(s)

Fireplace N

Exterior

View Y/N true

Roof Type Rubber

Building

Foundation Concrete Perimeter

Structure Type Brick

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Listed by Noah Rauschenberger • Cross Street Real Estate
Bought with Mitir Patel • Dream Town Real Estate

Wade Marshall

Real Estate Advisor | License ID: 475.129060

+1(773) 450-1247

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