1322 W Ohio Street Chicago, IL $ 1,200,000
1322 W Ohio Street
$ 1,200,000
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1322 W Ohio Street

Chicago, IL, 60642
$ 1,200,000
Bedrooms3 Baths0.0

Monthly Estimate*

$ 8,382

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Multi-Family Home for sale in Chicago, IL

for $1,200,000 with 3 bedrooms. This home was built in 1898.

Unicorn Alert set in The Brooklyn of Fulton Market on the confluence of the West Loop in River West nurtured and cherished by the long-term owner occupants for 40 years. This value-add classic tandem brick legal 6-unit workhorse building could be packaged with an urban garden side lot for collective campus of 47.98' of frontage on a 127.48' deep lot. Hyper-convenient burgeoning with independent and cultural boutiques, restaurants, commerce and connected minutes to multiple gateways of transit set on a whimsical Iconic Chicago Streetscape. The building has been family occupied throughout ownership and is the perfect canvas for your next project, investment, multi-generational play or home offering a significant value-add opportunity. The playbook is open on what you can do here with limitless potential for creative configurations. Interior stairs to the rooftop with absolutely jaw-dropping views of the Loop. Savvy investors can purchase the side lot for enhanced living or develop to maximize their investment and income potential as sellers are willing to consider a zoning contingency. The building features separate utilities and a full basement. 1318 W Ohio Lot (Garden) $550,000. Seller will consider a zoning contingency for redevelopment of the lot having abundant precedence in immediate area. Sold in "As Is , As Seen Condition" . Sellers will require up to 90 days of post-closing possession for 4 units . Balance of units are leased to month-to-month tenants @ 1100 per month. Some exclusions apply. See brokers private remarks. Actual income 24K annual AS IS. No expenses reported. taxes are senior freeze and home stead. Side deck attached the building is not necessary and was added for sellers use related to psuedo combined use of 1S and 1N . Building is 1322 W Ohio and Garden/Lot is 1318 W Ohio. Building Department lists property as 6 dwelling units.

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Multi-Family Active

Price

$ 1,200,000

Bedrooms

3

Property Type

Multi-Family

Taxes

$ 219

Style

Multi-Family

Year Built

1898

Town/City

Chicago

County/Region

Cook

MLS | Web ID

11998042

Features
General
Possession Closing
Zoning MULTI
Construction Materials Brick
Year Built 1898
Electric Circuit Breakers
Tenant Pays Electricity Heat Hot Water
Stories 3
Township West Chicago
Tax Year 2022
Current Use Multi-Family
Gross Income 2200
County Cook
Net Operating Income 0
Operating Expense 0
Insurance Expense 0
Property Type Commercial Sale Multi Family 5+
Status Active
Directions Grand Ave to Ada St North on Ada St to Ohio West on Ohio St to Property
City Chicago
Total Units 6
MLS Area CHI - West Town
Street Name Ohio
Tax Annual Amount 219.77
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Virtual Tour https://chicago-home-photos-1.aryeo.com/sites/dqqmowv/unbranded
Days on Market 37
Standard Status Active
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Exterior
Foundation Details Concrete Perimeter
Lot Dimensions 23 X 127.48
Frontage Type City Street
Exterior Brick
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Interior
Street Suffix Street
Basement Unfinished
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* Excluded Features
List By
North Clybourn Group, Inc.

Broker

karen@northclybourngroup.com

Email

Affordability Calculator

$8,401
Per Month
100%
0%
0%
Monthly Principal & Interest
$8,382
Monthly Property Taxes
$18
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW!
Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/7/2024$1,200,000 Listed Price

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1322 W Ohio Street, Chicago, IL, 60642 is a Multi-Family Home for sale at $1,200,000. 1322 W Ohio Street has 3 bedrooms, 0.0 baths, and was built in 1898. The property's zip code is 60642 which is in Chicago, IL