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434 W Ontario Street, Chicago, IL 60610
$3,750,000
434 W Ontario Street, Chicago, IL 60610View this property at 434 W Ontario Street, Chicago, IL 60610
434 W Ontario StreetChicagoIL60610
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Property Description
Four-story, River North, heavy timber loft building. Stable cash flow with long-term tenants or DX-7 zoning provides a rare development opportunity. The building can have an additional two (2) stories added on top which increases the cash flow, or, can be an incredible owner's unit. Current tenants include an excellent Italian restaurant, a dental office, a general office and a former architect's space that is currently available if the purchaser wants to be an owner occupant. Tax appeal in process.
Full Property Details
Full Property Details for 434 W Ontario St
General
- Price: $3,750,000
- Taxes: $153,715 (2021)
- Status: Active
- Type: Commercial
- MLS ID: 11733287
- Updated: 11/19/2023
- Added to Site: 418 day(s) ago
Interior
- Interior Features: Freight Elevator(s), Accessible Entrance, Accessible Washroom/s, Inside Corridor(s), Janitorial Service, Multi-Tenant, Private Restroom(s), Basement
Additional Information
- Security/Safety: Sprinklers (Wet)
Location
- Area: CHI - Near North Side
- County: Cook
- Township: North Chicago
- Driving Directions: Ontario just west of Orleans
- Location Details: Downtown Chicago
Heating & Cooling
- Cooling Type: Central Individual
- Heating Type: Forced Air, Gas
Utilities
- Onsite: Electricity to Site, Gas to Site, Municipal Water, Water to Site
Structural Information
- Construction: Wood Frame
- Exterior Const.: Brick
- Stories/Levels: 4
- Square Feet: 24,810
- Current Bldg. Use: Commercial, Office
- Year Built: 1924
- Built Before 1978: Yes
Unit Information
- # Tenants: 3
Lot Features
- Lot Size (Sq. Ft.): 4,736
- Lot Dimensions: 4736
- Frontage: City Street
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Security Deposit: Sprinklers-Wet
- Assessment Year: 1924
- Tax Amount: $153,715
- Tax Year: 2021
- Tenant Pays: Electricity, Operating Stops, Other
Disclosures and Reports
- Documents Avail.: Demographics, Rent Roll, Tax Bill, Traffic Counts
- Property ID: 17091270190000
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Schools
Schools serving 434 W Ontario St
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
24 W Walton St, Chicago, IL 60610 | PK-8 | 0.7 mi | |
936 N Ashland Ave, Chicago, IL 60622 | 9-12 | 1.5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 434 W Ontario St
Date
Details
Price
Change
Source
11/13/2023
Price Reduced
$3,750,000
-12.79%
MLS
4/26/2023
Price Reduced
$4,300,000
-1.15%
MLS
4/25/2023
Price Reduced
$4,350,000
-12.1%
MLS
3/08/2023
Price Increased
$4,949,000
10%
MLS
3/06/2023
Listed
$4,499,000
56.49%
MLS
12/15/2004
Sold
$2,875,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 434 W Ontario St
Year
Property Taxes
Change
Tax Assessment
Change
2022
$153,403
—
$745,825
-2%
2021
$153,715
11%
$764,407
23%
2020
$138,995
11%
$623,941
—
2019
$125,357
2%
$623,941
—
2018
$123,249
22%
$623,941
33%
2017
$100,750
8%
$468,018
—
2016
$93,657
9%
$467,612
—
2015
$85,837
1%
$468,424
2%
2014
$85,275
36%
$459,607
34%
2013
$62,493
7%
$343,605
5%
2012
$58,595
—
$326,533
—
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 434 W Ontario St
434 W Ontario Street, Chicago, IL 60610 (MLS# 11733287) is a Commercial property. 434 W Ontario Street is currently listed for $3,750,000 and was received on March 06, 2023. Want to learn more about 434 W Ontario Street? Do you have questions about finding other Commercial real estate for sale in Near North Side? You can browse all Near North Side real estate or contact a Coldwell Banker agent to request more information.