1311 West Ohio Street Chicago, IL 60642

$975,000
$975,000
Favorite

pending
1/22
Street View

Presenting the exclusive sale of 1311 W Ohio. A 6-unit Multifamily property located in the vibrant West Town neighborhood. This property presents a rare opportunity to take over a building that been owned by the same for over 60 years. The building has been meticulously cared for over the years with consistent preventative maintenance to the exterior, newer roofs, and tuck pointing on all exterior masonry. All units are currently leased for well under market rents, with leases expiring between the end of August through the end of November. The Savvy Investor can quickly turn this building into a cash generating tool quickly and efficiently. The Property consists of a front masonry building with 3 - 1Bed 1Bath plus Den units, and a 2 bed 1 bath unit. Separated by a private courtyard, sits the coach house with 2 more 2Bed 1Bath units. For the value-add investors, there are more opportunities to push rents by addings Central A/C and heating, in-unit laundry, and updating all kitchens and baths. A building of this quality will not come along often at this price.

Presenting the exclusive sale of 1311 W Ohio. A 6-unit Multifamily property located in the vibrant West Town neighborhood. This property presents a rare opportunity to take over a building that been owned by the same for over 60 years. The building has been meticulously cared for over the years with consistent preventative maintenance to the exterior, newer roofs, and tuck pointing on all exterior masonry. All units are currently leased for well under market rents, with leases expiring between the end of August through the end of November. The Savvy Investor can quickly turn this building into a cash generating tool quickly and efficiently. The Property consists of a front masonry building with 3 - 1Bed 1Bath plus Den units, and a 2 bed 1 bath unit. Separated by a private courtyard, sits the coach house with 2 more 2Bed 1Bath units. For the value-add investors, there are more opportunities to push rents by addings Central A/C and heating, in-unit laundry, and updating all kitchens and baths. A building of this quality will not come along often at this price.

  • Neighborhood
  • Type
  • County
    Cook
  • Area
    CHI - West Town
  • Tax Amount
    $19,513
  • Status
    Pending
  • Listing #
    12119789
  • Built
    1887
  • Listed on site
    45 days

Listed by:
Cross Street Real Estate

mls source logo © 2020 Midwest Real Estate Data LLC. All rights reserved. Listing courtesy of Cross Street Real Estate.
Click for Map
Smart Commute Planner
Add a destination

Property details

Community Features

  • No HOA

Exterior features

  • No Pool
Favorite

Tour This Home

Sat
07Sep
Sun
08Sep
Mon
09Sep
Tue
10Sep
Wed
11Sep
Thu
12Sep
Fri
13Sep
Sat
14Sep
Sun
15Sep
Mon
16Sep
Tue
17Sep
Wed
18Sep
Thu
19Sep
Fri
20Sep
in Person
via Video Call