Check Availability
$1,200,000
Commercial - For Sale

1322 W Ohio Street

Chicago, IL 60642
bedrooms
Studio
bathrooms
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
KAREN BIAZAR
KAREN BIAZAR
NORTH CLYBOURN GROUP, INC.
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
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Commercial
Loft
-
-
$1,400,000 Nov 20, 2022
-
$735/mo
House
4 Beds
3.5 Baths
1,948 ft²
$616/ft²
$1,200,000 Jan 17, 2023
-
$492/mo
Multifamily
4 Beds
3.5 Baths
3,800 ft²
$316/ft²
$1,200,000 Mar 5, 2024
-
$350/mo
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
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
House
3 Beds
3.5 Baths
2,584 ft²
$484/ft²
$1,250,000 Mar 30, 2023
-
$542/mo
House
3 Beds
3 Baths
2,300 ft²
$543/ft²
$1,250,000 Feb 21, 2024
-
$2,436/mo
House
3 Beds
2.5 Baths
1,800 ft²
$622/ft²
$1,119,000 Jan 25, 2024
-
$1,011/mo
Multifamily
8 Beds
-
-
$1,100,000 Feb 6, 2024
-
$1,632/mo
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
More about this Building
1322 West Ohio Street
Want to find out who owns 1322 West Ohio Street, Chicago, IL 60642? Get detailed property transactions here .

About West Side


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