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1304 West Ohio Street

1304 West Ohio Street, Chicago, IL 60642
Commercial in West Town
Sold Jun 28, 2021
$1,019,000
$1,123,000 by Greenstate Credit Union
Mortgage Due May 15, 2029
Sold Apr 15, 2013
$625,000
$532,500 by Libertyville Bank & Trust Co
Mortgage Due Mar 28, 2018
1304 West Ohio Street in Chicago, IL was first built in 1897 and is 127 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a multifamily style. There are a total of 3 floors. There are a total of 24 rooms in the home, of which, 12 are bedrooms. In terms of bathrooms, there are a total of 6 full bathrooms. There are 6 partial bathrooms. 1304 West Ohio Street has 5,700 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 250 ft and the linear feet between the front and back of the lot is 1,250. In total, the area measurement of the land is 3,072 square feet.

Learn more about the property and building on this page. The roof of the home is made of tar and gravel. For those who need parking, there is a detached garage. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with masonry control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of masonry. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a hot water heating system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1304 West Ohio Street was last sold in Jun 17, 2021 for $1,019,000. According to our calculations, that's $178.77 per sqft. Prior to that sales transaction, the property was sold for $625,000 in Mar 28, 2013. Current property owners are expected to pay $20,951 in taxes per year. The property on 1304 West Ohio Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $101,862. To break that down further, the land itself was valued at $18,432. While improvements to the property were assessed at a total of $83,430. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Exterior

Brick Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1897
  • Effective Year Built: 1897
  • Building Count: 1
  • Total Rooms: 24
  • Bedroom Count: 12
  • Bathroom Count: 6
  • Full Bathrooms: 6
  • Partial Bathrooms: 6
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Multifamily
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Tar and gravel
  • Floor Count: 3
  • Living Units: 6
  • Business/Commerical Units Count: 6
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,072
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 250
  • Total Building Area: 5,700
  • Gross Building Area: 5,700
  • Building Area: 5,700
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 5,700
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SUBDIVISION OF BLK2 IN ASSESSORS DIVN
  • Land Acres: 0.071
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: (SUBDIVISION) OF BLK2 IN ASSESSORS DIVN OF EH NW SEC 08-39-14

Ownership

  • Current Owner : 1304 W OHIO LLC
  • Previous Owner : 304 MAVEN LLC
  • Owner Before Previous Owner: 1304 OHIO LLC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 243400

Zoning

  • Zoning: RS-3

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 77
  • Parcel: 17-08-119-021-0000
  • Block: 2
  • Lot: 53
  • Meridian: SEC 08 TWN 39N RNG 14E
  • Municipality: WEST CHICAGO
  • Latitude: 41.8928
  • Longitude: -87.6599

    Address

  • Full Address: 1304 W Ohio St
  • Address - House Number: 1304
  • Street Direction: W
  • Address - Street Name: Ohio
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C075
  • 4-Digit Zip Code: 6461
  • Zip Code: 60642

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $20,951
  • Tax Rate Code Area: 77001

    Appraisal Valuation

  • Standard Deviation: 0.1509
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 69
  • Final Value: 996,734
  • High Value: 1,147,176
  • Low Value: 846,291

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,123,000
  • First Open Lien Mortgage Lender: GREENSTATE CREDIT UNION
  • First Open Lien Mortgage Recording Date: Jul 20, 2022
  • First Open Lien Mortgage Loan Amount: $1,123,000
  • First Open Lien Mortgage Term: 81
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: May 15, 2029

    Market Valuation

  • Market Total Value: $1,018,620
  • Market Land Value: $184,320
  • Market Improvement Value: $834,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $101,862
  • Assessed Land Value: $18,432
  • Assessed Improvements Value: $83,430

    Sales

  • Current Sale Contract Date: Jun 17, 2021
  • Current Sale Recording Date: Jun 28, 2021
  • Current Sale Transaction ID: 11841120010
  • Current Sale Price: $1,019,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2117922044
  • Previous Sale Recording Date: Apr 15, 2013
  • Previous Sale Contract Date: Mar 28, 2013
  • Previous Sale Amount: $625,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: HEARTLAND BANK & TRUST CO
  • First Mortgage Transaction Date: Jun 28, 2021
  • First Mortgage Loan Amount: $2,160,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Building or Construction Loan

    Previous Mortgages

  • Previous Mortgage Lender: LIBERTYVILLE BANK & TRUST CO
  • Previous Mortgage Transaction Date: Apr 15, 2013
  • Previous Mortgage Loan Amount: $532,500
  • Previous Mortgage Term: 60
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Mar 28, 2018

About West Side



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Frequently Asked Questions

What neighborhood is 1304 West Ohio Street located in?
The 1304 West Ohio Street is a commercial located in the neighborhood of West Town in West Side, Chicago.
What is the average sales price for listings in 1304 West Ohio Street?
The average sales price for units in 1304 West Ohio Street is $0 currently.

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