1303 W Ohio Street, Chicago, IL 60642 - Photo 1

1/1

$1,300,000

Sold
Closed
Commercial
4,704 Sq. Ft.
Updated 6 days ago

1/1

Property Description

This all brick, 6-unit building is an excellent West Town location! There are three front facing units and three rear facing units. One of the 6 units consists of a 1-bedroom, 1-bathroom unit. The remaining five units consist of 2-bedroom, 1-bathroom units. All units are on month-to-month leases and at below market rents; there is significant room for rent increases with a touch of cosmetic work. Investors can easily capture $2,350 per month per unit to $2,500 per month per unit in rental income! Equally important, each unit is quaint and cozy with its open concept floor plan, exposed kitchen, very high ceilings and large windows that welcome natural sunlight in all units. And the area: is just exceptional, which translates into very strong rental demand and, hence, low vacancies. It is minutes to the Kennedy, Ogden International School of Chicago, Fulton Market, restaurants, transportation, parks and so much more! A must see! A 10! Please note that this is an as-is, where-is sale.

Full Property Details

Full Property Details for 1303 W Ohio St

General

Sold For: $1,300,000
Taxes: $24,481 (2024)
Status: Closed
Type: Commercial
Source: MRED
MLS ID: 12448959

Additional Information

Security/Safety: Smoke or Fire Protectors, Carbon Monoxide Detector(s)

Location

Area: CHI - West Town
County: Cook
Driving Directions: Exit Ogden Avenue and then go north (right) on Ohio Street to 1303 West Ohio Street
Location Details: Public Transport Avail, In City Limits

Community

Assoc. Fees Include: None

Heating & Cooling

Cooling Type: Central Air Conditioning, Window Unit(s)
Heating Type: Forced Air

Structural Information

Construction: Brick, Concrete
Exterior Const.: Brick, Concrete
Basement Desc.: Unfinished
Foundation: Concrete Perimeter, Stone
Roof: Reflective Coating, Rubber
Stories/Levels: 3
Square Feet: 4,704
Current Bldg. Use: Multi-Family
Year Built: 1892
Built Before 1978: Yes

Unit Information

Units w/Refrigerators: 6
Units w/Range/Oven: 6
# Dryers: 6

Lot Features

Lot Size (Acres): 0.06
Lot Size (Sq. Ft.): 2,928
Lot Dimensions: 24 x 125
Frontage: City Street, Public Road, Alley Access, Gravel
Potential Use: Multi-Family
Zoning: MULTI

Financial Considerations

Operating Expenses: $37,216
Security Deposit: Smoke or Fire Protectors, Carbon Monoxide Detector(s)
Assessment Year: 1892
Tax Amount: $24,481.42
Tax Year: 2024
Tenant Pays: Electricity, Heat

Disclosures and Reports

Property ID: 17081250110000

Listed by Peter Drossos Real Estate
Sold by Luxury Living Real Estate

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— 1303 W Ohio St —

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Schools

Schools serving 1303 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	0.6 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

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1303 W Ohio Street, Chicago, IL 60642 (MLS# 12448959) is a Commercial property that was sold at $1,300,000 on May 01, 2026. Want to learn more about 1303 W Ohio Street? Do you have questions about finding other Commercial 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.

1303 W Ohio St Chicago, IL 60642