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$1,250,000
Property Description
Presenting a rare investment opportunity: a solid all-brick three-flat with an additional non-conforming garden apartment situated in the vibrant core of West Town. The property underwent a remodel in 2022, delivering strong rental performance with updated kitchens, stylish bathrooms, new flooring, mechanical systems, and HVAC throughout, along with shared laundry facilities in the lower level. The building is fully leased to stable tenants, generating $9,083 in monthly revenue ($108,996 annually). Outdoor spaces are a standout feature-each residence enjoys an expansive private deck, while the garden apartment opens to a generous partially covered patio, creating excellent outdoor living options. The garden apartment also features 8.5 ft ceilings! The rear parking area accommodates up to four vehicles, though three spaces are currently leased. Located just off Ogden Avenue, the property sits minutes from the award winning restaurants and nightlife of Chicago's West Loop, while also offering easy access to public transit, the Kennedy Expressway parks and other neighborhood amenities. Utilities are individually metered, with tenants paying their own gas and electric, and every unit includes central heating and air conditioning. With modern improvements, strong cash flow, and a prime location near one of Chicago's fastest-growing neighborhoods, this asset is an outstanding choice for investors seeking stability and long-term appreciation.
Full Property Details
Full Property Details for 1227 W Ohio St
General
- Sold For: $1,250,000
- Taxes: $14,306 (2024)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12585675
- Added to Site: 28 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 4
Bedrooms
- Total Bedrooms: 7
Additional Information
- Equipment: Carbon Monoxide Detectors, Multiple Water Heaters, Security Cameras
- Other Features: Commuter Bus, Commuter Train, Interstate Access
Exterior
- Exterior Features: Balcony
Parking
- Total Spaces: 3
- Parking Features: Off-Alley, Yes, Owned
Location
- Area: CHI - West Town
- County: Cook
- Driving Directions: Noble St to Ohio, East to 1227
School Information
- School District: 299
- Midd School District: 299
Heating & Cooling
- Heating Type: Natural Gas, Forced Air
Utilities
- Water: Lake Michigan, Public
Structural Information
- Architectural Style: Brownstone
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: Finished, Full, Daylight
- Foundation: Concrete Perimeter
- Roof: Rubber
- Built Before 1978: Yes
- Remodeled/Updated: 2022
Unit Information
- Units in Building: 4
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 24 x 100
- Lot Features: Common Grounds
- Zoning: MULTI
Financial Considerations
- Parking Included: Yes
- Tax Amount: $14,306.87
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: List Broker Must Accompany
- Property ID: 17081260100000
Listed by Keller Williams ONEChicago
Sold by Compass
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Schools
Schools serving 1227 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 | 0.3 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.
Price & Sales History for 1227 W Ohio St
Date
Details
Price
Change
Source
4/17/2026
Sold
$1,250,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1227 W Ohio Street, Chicago, IL 60642 (MLS# 12585675) is a Multi-Family property that was sold at $1,250,000 on April 17, 2026. Want to learn more about 1227 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.
