1309 W Ohio Street, Chicago, IL 60642 - Photo 1

1/1

$1,660,000

Sold
Closed
Commercial
8,160 Sq. Ft.

1/1

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.

Full Property Details

Full Property Details for 1309 W Ohio St

General

Sold For: $1,660,000
Taxes: $14,074 (2022)
Status: Closed
Type: Commercial
Source: MRED
MLS ID: 12004544
Added to Site: 750 day(s) ago

Interior

Interior Features: Laundry Room

Additional Information

Security/Safety: Smoke or Fire Protectors

Parking

Parking Features: 1 to 5 Spaces

Location

Area: CHI - West Town
County: Cook
Driving Directions: Ogden Southwest to Ohio West OR Grand to Noble North to Ohio East
Location Details: Public Transport Avail, In City Limits

Heating & Cooling

Cooling Type: Central Air Conditioning
Heating Type: Central Heat/Individual Controls, Forced Air, Gas

Utilities

Onsite: Municipal Water

Structural Information

Construction: Brick, Concrete
Exterior Const.: Brick
Foundation: Concrete Perimeter
Roof: Reflective Coating, Rubber, Other
Stories/Levels: 4
Square Feet: 8,160
Current Bldg. Use: Multi-Family
Year Built: 1891
Built Before 1978: Yes

Unit Information

Units w/Refrigerators: 8
Units w/Range/Oven: 8
# Dryers: 2

Lot Features

Lot Size (Sq. Ft.): 2,760
Lot Dimensions: 2760
Frontage: City Street
Potential Use: Multi-Family
Zoning: MULTI

Financial Considerations

Operating Expenses: $36,240
Security Deposit: Smoke or Fire Protectors
Assessment Year: 1891
Tax Amount: $14,074
Tax Year: 2022
Tenant Pays: Air Conditioning, Electricity, Heat, Hot Water

Disclosures and Reports

Documents Avail.: Rent Roll
Property ID: 17081250360000

Listed by Fulton Grace Realty
Sold by Jameson Sotheby's Intl Realty

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— 1309 W Ohio St —

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Schools

Schools serving 1309 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.

Price & Sales History for 1309 W Ohio St

Date

Details

Price

Change

Source

5/28/2024

Sold

$1,660,000

-8.19%

MLS

3/14/2024

Listed

$1,808,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Updated 5 days ago

3
Beds
1
Total Bath
1,008
Sq. Ft.

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Price Reduced

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Active
Updated 2 days ago

3,686
Sq. Ft.

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18,500
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3
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1
Total Bath
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$1,553,000

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Single Family
Closed

5
Beds
5
Total Baths
4,106
Sq. Ft.

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$1,830,000

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Condo
Closed

3
Beds
3
Total Baths
3,000
Sq. Ft.

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$1,725,000

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Condo
Closed

3
Beds
3
Total Baths
3,100
Sq. Ft.

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Sold

$1,775,000

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5
Beds
5
Total Baths
3,660
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1309 W Ohio Street, Chicago, IL 60642 (MLS# 12004544) is a Commercial property that was sold at $1,660,000 on May 28, 2024. Want to learn more about 1309 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.

1309 W Ohio St Chicago, IL 60642