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$1,499,000 Just Listed
Property Description
Exceptional, fully leased legal 3-unit brick building in hot West Town near Fulton Market, situated on a peaceful, tree-lined block. Offers over 3,650 sq ft of above-grade living space plus an expansive finished basement. Perfect for turn-key investors or owner-occupants. Unit 1 is a massive 3BR/3BA duplex down. Units 2 & 3 feature identical, spacious 3BR/2BA layouts. All units boast in-unit W/D, sun-drenched living spaces, private rear decks, hardwood floors, updated kitchens/baths, fireplaces, plus recent furnaces, A/C units, and tankless water heaters. Secure perimeter fencing with electronic lock door. Fully leased with a strong day-one cash flow of almost $10k/month and stable leases at below-market rents. Massive upside to transition to market rates in 2027. Built in 1993, it features copper plumbing, high grade electrical systems, panels, and a modern architectural layout. Newer Roof (2022) Ultra-low owner overhead: tenants pay separate utilities via individual gas/electric meters and dedicated HVAC systems. Rear 3-car parking footprint offers prime value-add potential: monetize for monthly revenue with lease renewals, build a private 2-car garage, or construct a coach house/ADU for a lucrative fourth income stream (buyer to verify zoning/ADU compliance with the City). Unmatched location central to major upcoming neighborhood developments: Bally's Casino (0.6mi), Fulton Market Expansion (0.5mi), $7B United Center Expansion (2mi), and Grand/Chicago Ave commercial upgrades (0.3mi). A commuter's dream with effortless access to the city and suburbs: 5-min walk to CTA train, 2-min walk to bus, 0.4 mi to I-90, and 1.2 mi to I-290. Minutes from world-class Michelin-starred dining, trendy cocktail lounges, vibrant nightlife, and premier sports hubs. Walking distance to reputed Noble Charter Golder College Prep school.
Full Property Details
Full Property Details for 1214 W Ohio St
General
- Price: $1,499,000
- Taxes: $21,965 (2024)
- Status: Active
- Type: Multi-Family
- Source: MRED
- MLS ID: 12706870
Interior
- Basement: Finished, F
Rooms
Bathrooms
- Total Bathrooms: 7
- Upper - Full Baths: 7
Bedrooms
- Total Bedrooms: 9
Parking
- Total Spaces: 3
- Parking Features: Off-Alley, Yes, Owned
Location
- Area: CHI - West Town
- County: Cook
- Township: West Chicago
- Driving Directions: On Ohio, just west of Ogden
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
Heating & Cooling
- Heating Type: Natural Gas, Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick, Block
- Exterior Const.: Brick, Block
- Basement: Yes
- Basement Desc.: Finished, Full, Walk-Out Access
- Roof: Asphalt
- Year Built: 1993
Unit Information
- Units in Building: 3
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 3096SF PER COOK COUNTY ASSESSOR SITE
- Zoning: MULTI
Financial Considerations
- Parking Included: Yes
- Assessment Year: 1993
- Tax Amount: $21,965
- Tax Year: 2024
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 17081200310000
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Schools
Schools serving 1214 W Ohio St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Otis Elementary School 525 North Armour Street, Chicago, IL 60642 | K-8 | 0.4 mi |
Wells Community Academy High School 936 North Ashland Avenue, Chicago, IL 60622 | 9-11 | 0.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Tax History
Tax History for 1214 W Ohio St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$19,469
—
$109,000
18%
2023
$19,469
3%
$92,000
—
2022
$18,923
6%
$92,000
—
2021
$17,831
10%
$92,000
22%
2020
$16,161
-4%
$75,650
-14%
2018
$16,783
2%
$88,399
4%
2019
$16,419
42%
$85,000
49%
2017
$11,524
1%
$56,908
—
2016
$11,398
30%
$56,908
—
2015
$8,737
2%
$56,908
9%
2014
$8,526
—
$52,303
—
2013
$8,556
-3%
$52,303
—
2012
$8,810
—
$52,303
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1214 W Ohio St
1214 W Ohio Street, Chicago, IL 60642 (MLS# 12706870) is a Multi-Family property with 3 units containing 9 bedrooms and 0 full bathrooms. 1214 W Ohio Street is currently listed for $1,499,000 and was received on July 21, 2026. Want to learn more about 1214 W Ohio Street? Do you have questions about finding other Multi-Family real estate for sale in West Town? You can browse all West Town real estate or contact a Coldwell Banker agent to request more information.
