1214 W Ohio Street, Chicago, IL, 60642

$1,499,000

9

Beds

About 1214 W Ohio Street

Exceptional, fully leased legal 3-unit brick building in hot West Town near Fulton Market, situated on a peaceful, tree-lined block. Offers over 3,650 sq ft of above-grade living space plus an expansive finished basement. Perfect for turn-key investors or owner-occupants. Unit 1 is a massive 3BR/3BA duplex down. Units 2 & 3 feature identical, spacious 3BR/2BA layouts. All units boast in-unit W/D, sun-drenched living spaces, private rear decks, hardwood floors, updated kitchens/baths, fireplaces, plus recent furnaces, A/C units, and tankless water heaters. Secure perimeter fencing with electronic lock door. Fully leased with a strong day-one cash flow of almost $10k/month and stable leases at below-market rents. Massive upside to transition to market rates in 2027. Built in 1993, it features copper plumbing, high grade electrical systems, panels, and a modern architectural layout. Newer Roof (2022) Ultra-low owner overhead: tenants pay separate utilities via individual gas/electric meters and dedicated HVAC systems. Rear 3-car parking footprint offers prime value-add potential: monetize for monthly revenue with lease renewals, build a private 2-car garage, or construct a coach house/ADU for a lucrative fourth income stream (buyer to verify zoning/ADU compliance with the City). Unmatched location central to major upcoming neighborhood developments: Bally's Casino (0.6mi), Fulton Market Expansion (0.5mi), $7B United Center Expansion (2mi), and Grand/Chicago Ave commercial upgrades (0.3mi). A commuter's dream with effortless access to the city and suburbs: 5-min walk to CTA train, 2-min walk to bus, 0.4 mi to I-90, and 1.2 mi to I-290. Minutes from world-class Michelin-starred dining, trendy cocktail lounges, vibrant nightlife, and premier sports hubs. Walking distance to reputed Noble Charter Golder College Prep school.

Additional Information: This property is located in the CHI - West Town neighborhood, IL. This 9 bedrooms two to four units property is priced at $1,499,000.

Facts & Features

MLS® # 12706870
Price $1,499,000
Bedrooms 9
Bathrooms 0.00
Taxes $21,965
Year Built 1993
Type Residential Income
Sub-Type Two to Four Units
Status Contingent

Community Information

Address 1214 W Ohio Street
Area CHI - West Town
City Chicago
County Cook
State IL
Zip Code 60642

Amenities

Parking Spaces 3
Parking Off Alley, Yes, Owned
Is Waterfront No
Has Pool No

Interior

Heating Natural Gas, Forced Air
Fireplace No
Has Basement Yes
Basement Finished, Full, Walk-Out Access

Exterior

Exterior Brick, Block
Roof Asphalt

School Information

District 299

Additional Information

Days on Market 9
Zoning MULTI
Foreclosure No
Short Sale No
RE / Bank Owned No
Taxes $21,965

Listing Details

OfficeKeller Williams Infinity

Listing Map

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