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$1,975,000
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Property Description
Everything is NEW on this turnkey 6 unit investment property in West Town / Nobles Square featuring almost $17,000 per month of rental income and an impossible to find 7% Cap Rate on a gut rehabbed building. The subject property underwent complete interior + exterior renovations in 2022-2023, fully leased to high quality tenants, and now positioned for a low maintenance / long term hold. The all brick building is comprised of four (4) two bed / one bath simplexes and two (2) three bed / two bath duplexes. The building features new high end finishes, and modern amenities including central A/C, in unit washer dryer, and a rooftop common deck with city skyline views. The location is ideal for tenants that want easy access to transportation and downtown. Only a 10 minute walk from the heart of white hot West Loop business district.
Full Property Details
Full Property Details for 1344 W Ohio St
General
- Sold For: $1,975,000
- Taxes: $19,378 (2023)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12368751
- Added to Site: 242 day(s) ago
Location
- Area: CHI - West Town
- County: Cook
- Driving Directions: Grand Ave to N. Noble St and east on Ohio
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Stories/Levels: 3
- 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 Dimensions: 25 x 125
Financial Considerations
- Operating Expenses: $46,923
- Assessment Year: 1892
- Tax Amount: $19,378
- Tax Year: 2023
- Tenant Pays: Electricity, Heat
Disclosures and Reports
- Property ID: 17081180210000
Listed by eXp Realty
Sold by Kale Realty
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Schools
Schools serving 1344 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 | 0.2 mi |
Wells Community Academy High School 936 North Ashland Avenue, Chicago, IL 60622 | 9-11 | 0.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1344 W Ohio St
Date
Details
Price
Change
Source
8/11/2025
Sold
$1,975,000
-5.95%
MLS
5/18/2025
Listed
$2,100,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1344 W Ohio Street, Chicago, IL 60642 (MLS# 12368751) is a Commercial property that was sold at $1,975,000 on August 11, 2025. Want to learn more about 1344 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.

