1304 W Ohio Street
Chicago, IL 60642

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Description

Prime West Town Investment Opportunity! Fully rehabbed in 2022, this 6-unit building offers three 1-bed + den/1-bath units and three 2-bed / 1-bath units, each approximately 750 SF. All updated in 2022 for low-maintenance ownership. Interior features hardwood flooring, quartz/maple kitchens, subway tile backsplashes, and modern bathrooms. Mechanicals include individual central heat/AC, newer roof, updated plumbing and electric. Each floor has it's own laundry in the center stairwell that is shared by the floors front and rear units. Revenue - 13200 monthly. Brick 2-car garage. Room to dig down and add units in the basement. Immediate proximity to the Blue Line, I-90/94, and West Town's top-tier dining and nightlife. High-demand unit mix in a core Chicago market.

Features

• Property Type: Commercial
• Sub Type: Multi Family 5+
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60642
• Year Built: 1892
• Stories: 3
• Units: 6 units
• Lot Size: 3049 sq ft lot
• Zoning: MULTI
• # Of Dishwashers: 6
• # Of Dryers: 3
• # Of Ranges: 6
• # Of Refrigs: 6
• # Of Washers: 3
• Approximate Age: New Rehab
• Built Before 1978 (Y/N): Yes
• Construction Materials: Brick
• Cooling: Central Air
• Directions: WEST OHIO STREET TO PROPERTY
• Electric Expense Source: Actual
• Fuel Expense Source: Actual
• Gross Income: 158580
• Gross Rent Multiplier: 11
• Heat/Ventilation: Forced Air, Gas
• Indoor Parking: 1-5 Spaces
• Information: List Broker Must Accompany, 48-Hr Notice Required
• Insurance Expense Source: Actual
• Main Type: Commercial Sale
• Operating Expense: 25600
• Other Expense Source: Actual
• Repairs-Decor Expense Source: Actual
• Roof: Membrane, Reflective Coating
• Roof Structure: Flat
• Tax Annual Amount: 24516.49
• Tax Year: 2024
• Tenant Pays: Air Conditioning, Electricity, Heat
• Total Annual Expense Source: Actual
• Total Monthly Income: 13215
• Township: West Chicago
• Trash Expense Source: Actual
• Type Multi-Family: Corridor-Exterior Entrance
• Water Expense Source: Actual