Views
Address
1309 W Ohio Street, Chicago, IL
Price
$ 1,808,000
Property Attributes
- MLS#12004544
- TypePending
- CountyCOOK
- CityChicago
- AreaCHI - West Town
- NeighborhoodNoble Square
- Zip60642
- StyleMulti-Family
- Year Built1891
- Taxes$ 14074
- Price$ 1,808,000
- Bedrooms1
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage8160
- Lot Size0.063361 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description
$161,160/year Gross Income | $124,171.00/year Net Income | 6.9% Cap Rate - Impressive for being 1.6 Miles East of Western Ave! | THEE Quintessential Turn Key Investment at 1309 West Ohio Street | Nestled between the Fulton Market District & River West Neighborhoods, this Multi-Family Building in HOT WEST TOWN has 8 Units designed with (8) One Bedroom Apartments | Unique & Money Making Floor Plans | Rear Apartments have their own Decks! | Wood-Planked Sundeck with Spectacular Views of the Downtown Chicago Skyline | Coin-Operated Laundry Facilities | HVAC Systems in all the Apartments | Tenants responsible for Gas (Heat & Cooking) and Electricity - LOW OPERATING EXPENSES | FULLY LEASED/Occupied with Solid Leases | Separate Water Heaters | 3 Leasable Exterior Parking Spaces (1 Tandem & 2 Single) | Well-Maintained & Professional Self-Managed throughout its ownership | View all 41 images (including Floor Plans) | Video tours and OM available upon request.
| Price History | |
|---|---|
| 3/15/2024 | Listed $1,808,000 |
General Features
| Cooling | Central Air |
|---|---|
| Utilities | Water-Municipal |
| Possession | Closing |
| Roof | Reflective Coating,Rubber,Other |
| Zoning | MULTI |
| Construction Materials | Brick,Concrete |
| Year Built | 1891 |
| Electric | Separate Meters,Service - 0 to 100 Amps |
| Tenant Pays | Air Conditioning,Electricity,Heat,Hot Water |
| Stories | 4 |
| Township | West Chicago |
| Tax Year | 2022 |
| Current Use | Multi-Family |
| Gross Income | 161160 |
| County | Cook |
| Net Operating Income | 124920 |
| Operating Expense | 36240 |
| Insurance Expense | 4783 |
| Property Type | Commercial Sale |
| MaintenanceExpense | 12875 |
| Possible Use | Multi-Family |
| Status | Pending |
| Directions | Ogden Southwest to Ohio West OR Grand to Noble North to Ohio East |
| City | Chicago |
| Total Units | 8 |
| MLS Area | CHI - West Town |
| Lot Size Square Feet | 2760 |
| Street Name | Ohio |
| Tax Annual Amount | 14074 |
| Electric Expense | 622 |
| Trash Expense | 1594 |
| Water Sewer Expense | 2292 |
| Additional Parcels Y/N | Yes |
| Virtual Tour | https://www.youtube.com/playlist?list=PLGscKdEPH4rTCALpYALjwISEUcvl-XBr5 |
| Days on Market | 45 |
| Standard Status | Pending |
| Property Type | Multi Family 5+ |
Interior Features
| Street Suffix | Street |
|---|---|
| Basement | Finished,Exterior Access |
Exterior Features
| Foundation Details | Concrete Perimeter |
|---|---|
| Building Area Total | 8160 |
| Lot Dimensions | 2760 |
| Frontage Type | City Street |
| Exterior | Brick |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Pending Average in 60642
Price
Taxes
Visits
Year Built
