$1,200,000
●
Commercial -
For Sale
1322 W Ohio Street
Chicago, IL 60642
Studio
0 Bath
$5,911
Estimated Monthly
$0
HOA / Fees
0.81%
Cap Rate
About This Property
Unicorn Alert set in The Brooklyn of Fulton Market on the
confluence of the West Loop in River West nurtured and cherished by
the long-term owner occupants for 40 years. This value-add classic
tandem brick legal 6-unit workhorse building could be
packaged with an urban garden side lot for collective campus of
47.98' of frontage on a 127.48' deep lot. Hyper-convenient
burgeoning with independent and cultural boutiques, restaurants,
commerce and connected minutes to multiple gateways of transit set
on a whimsical Iconic Chicago Streetscape. The building has been
family occupied throughout ownership and is the perfect canvas for
your next project, investment, multi-generational play or home
offering a significant value-add opportunity. The playbook is open
on what you can do here with limitless potential for creative
configurations. Interior stairs to the rooftop with absolutely
jaw-dropping views of the Loop. Savvy investors can purchase the
side lot for enhanced living or develop to maximize their
investment and income potential as sellers are willing to consider
a zoning contingency. The building features separate utilities and
a full basement. 1318 W Ohio Lot (Garden) $550,000. Seller
will consider a zoning contingency for redevelopment of the lot
having abundant precedence in immediate area. Sold in "As Is
, As Seen Condition" . Sellers will require up to 90 days of
post-closing possession for 4 units . Balance of units are leased
to month-to-month tenants @ 1100 per month. Some exclusions
apply. See brokers private remarks. Actual income 24K annual AS IS.
No expenses reported. taxes are senior freeze and home stead.
Side deck attached the building is not necessary and was added for
sellers use related to psuedo combined use of 1S and 1N . Building
is 1322 W Ohio and Garden/Lot is 1318 W Ohio. Building Department
lists property as 6 dwelling units.
Unit Size
-
Days on Market
54 days
Land Size
-
Price per sqft
-
Property Type
Commercial
Property Taxes
$18
HOA Dues
-
Year Built
1897
Listed By
Last updated: 2 months ago (MREDIL #11998042)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Mar 6, 2024 | Listed by North Clybourn Group, Inc. | $1,200,000 | |
Listed by North Clybourn Group, Inc. |
Property Highlights
Exterior Details
Exterior Information
Brick
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
In Contract
House
4
Beds
3.5
Baths
1,948 ft²
$616/ft²
$1,200,000
Jan 17, 2023
-
$492/mo
Active
Multifamily
4
Beds
3.5
Baths
3,800 ft²
$316/ft²
$1,200,000
Mar 5, 2024
-
$350/mo
In Contract
House
3
Beds
3
Baths
2,486 ft²
$483/ft²
$1,200,000
Oct 8, 2021
-
$479/mo
House
3
Beds
2.5
Baths
2,750 ft²
$445/ft²
$1,225,000
Feb 8, 2024
-
$1,846/mo
Active
Multifamily
3
Beds
2.5
Baths
2,650 ft²
$472/ft²
$1,250,000
Jan 15, 2024
-
$250/mo
Multifamily
4
Beds
3.5
Baths
2,295 ft²
$501/ft²
$1,150,000
Jan 3, 2024
-
$492/mo
In Contract
House
3
Beds
3.5
Baths
2,584 ft²
$484/ft²
$1,250,000
Mar 30, 2023
-
$542/mo
Active
House
3
Beds
3
Baths
2,300 ft²
$543/ft²
$1,250,000
Feb 21, 2024
-
$2,436/mo
Active
House
3
Beds
2.5
Baths
1,800 ft²
$622/ft²
$1,119,000
Jan 25, 2024
-
$1,011/mo
In Contract
Multifamily
3
Beds
3.5
Baths
2,400 ft²
$456/ft²
$1,095,000
Feb 20, 2024
-
$2,410/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|
Building Info
1322 West Ohio Street
1322 West Ohio Street, Chicago, IL 60642
- 1 Unit for Sale