4,704 sq ft;
lot: 2614 sq ft lot
Commercial: Multi Family 5+ - MLS# 12448959
Tools & Resources:
Description
This all brick, 6-unit building is an excellent West Town location! There are three front facing units and three rear facing units. One of the 6 units consists of a 1-bedroom, 1-bathroom unit. The remaining five units consist of 2-bedroom, 1-bathroom units. All units are on month-to-month leases and at below market rents; there is significant room for rent increases with a touch of cosmetic work. Investors can easily capture $2,000 per month per unit in rental income! Equally important, each unit is quaint and cozy with its open concept floor plan, exposed kitchen, very high ceilings and large windows that welcome natural sunlight in all units. And the area: is just exceptional, which translates into very strong rental demand and, hence, low vacancies. It is minutes to the Kennedy, Ogden International School of Chicago, Fulton Market, restaurants, transportation, parks and so much more! A must see! A 10! Please note that this is an as-is, where-is sale.
Features
- Property Type: Commercial
- Sub Type: Multi Family 5+
- Listing Status: Active Under Contract
- County/Area: Cook County
- Zip Code: 60642
- Year Built: 1892
- Sq.Ft.: 4,704 sq ft
- Stories: 3
- Units: 6 units
- Basement: Unfinished
- Lot Size: 2614 sq ft lot
- Zoning: MULTI
- # Of Dryers: 6
- # Of Ranges: 6
- # Of Refrigs: 6
- # Of Washers: 6
- # Of Window/Ac: 4
- Approximate Age: Older
- Building Area Total: 4704
- Building Unit Info: No Units Furnished, Smoke/Alarm Detector
- Built Before 1978 (Y/N): Yes
- Construction Materials: Brick, Concrete
- Cooling: Central Air, Window Unit(s)
- Directions: Exit Ogden Avenue and then go north (right) on Ohio Street to 1303 West Ohio Street
- Electric: Service - 0 to 100 Amps
- Electric Expense: 1200
- Electric Expense Source: Broker Projection
- Fire Protection: Smoke or Fire Protectors, Carbon Monoxide Detector(s)
- Foundation Details: Concrete Perimeter, Stone
- Fuel Expense Source: Actual
- Gross Income: 81600
- Gross Rent Multiplier: 15.4
- Gross Scheduled Income: 81600
- Heat/Ventilation: Forced Air
- Indoor Parking: 1-5 Spaces
- Information: Short Notice OK
- Insurance Expense: 4599
- Insurance Expense Source: Actual
- Known Encumbrances: None Known
- Land Amenities: Curbs and Gutters, Sidewalks
- Location: Public Transport Avail, In City Limits
- Lot Size Source: County Records
- Lot Size Square Feet: 2928
- Main Type: Commercial Sale
- Maintenance Expense: 700
- Manager Expense Source: AC
- Misc Outside: Courtyard, Fire Escape
- Operating Expense: 37216
- Other Expense Source: Actual
- Outdoor Parking: Parking-Street
- Ownership Type: Land Trust
- Repairs-Decor Expense Source: Owner Projection
- Roof: Reflective Coating, Rubber
- Roof Structure: Flat
- Tax Annual Amount: 24481.42
- Tax Year: 2024
- Tenant Pays: Electricity, Heat
- Total Annual Expense Source: Actual
- Total Monthly Income: 6800
- Township: West Chicago
- Trash Expense: 1349
- Trash Expense Source: Actual
- Water Expense Source: Actual
- Water Sewer Expense: 2240
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