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    1227 W Ohio Street

    Chicago, IL 60642
    • $799,000
    • STATUS: Active
    • ON SITE: 23 days
    • MLS #: 11093050
    UPDATED: 76 min ago
    $799,000
    • 7
      BEDS
    • 0.05
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    School District:
    299

    Description

    Fantastic Investment Property in A+ River West/West Town Location. Full Brick 3 Unit Building with non conforming 4th garden unit. Well Maintained by Long Time Owner. Potential for increased rents and cash flow. The attractive garden unit is a one bed with rear patio space and gas forced heat, Units 1,2 and 3 are 4 room 2 bedroom apartments with eat-in kitchens, gas forced heat and central air with 11' x 10' rear decks and parking. All units are separately metered so the tenants pay their own utilities. Large parking slab at rear can accommodate three tandem parking spaces for total of 6 cars. Keep as income producing building; live in one unit and start your real estate portfolio; renovate over time for maximum rental income. All tenants on MTM leases except garden unit which expires 3/22. 4 units with stable income and creative rents leave room for the next investor to capitalize on this turn key find. Rarely a vacancy in this easy to rent location- short walk to the Blue Line at Ogden/Chicago and quick jaunt to West Loop/Randolph Row. 48 Hour notice required for showings. Property being sold As-is.

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    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Littlefield Group | Keller Williams Realty. Based on information submitted to the MRED as of 2021-06-12T11:53:34.057 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    1227 W Ohio Street Chicago, IL 60642

    • Price: $799,000
    • Status: Active
    • Updated: 76 min ago
    • MLS #: 11093050
    7
    Beds
    0
    Baths
    0
    ½ Baths
    0.05
    Acres
    Neighborhood:
    Chi - West Town
    County:
    Cook
    Area:
    Chi - West Town
    School District:
    299
    Property Description
    Fantastic Investment Property in A+ River West/West Town Location. Full Brick 3 Unit Building with non conforming 4th garden unit. Well Maintained by Long Time Owner. Potential for increased rents and cash flow. The attractive garden unit is a one bed with rear patio space and gas forced heat, Units 1,2 and 3 are 4 room 2 bedroom apartments with eat-in kitchens, gas forced heat and central air with 11' x 10' rear decks and parking. All units are separately metered so the tenants pay their own utilities. Large parking slab at rear can accommodate three tandem parking spaces for total of 6 cars. Keep as income producing building; live in one unit and start your real estate portfolio; renovate over time for maximum rental income. All tenants on MTM leases except garden unit which expires 3/22. 4 units with stable income and creative rents leave room for the next investor to capitalize on this turn key find. Rarely a vacancy in this easy to rent location- short walk to the Blue Line at Ogden/Chicago and quick jaunt to West Loop/Randolph Row. 48 Hour notice required for showings. Property being sold As-is.
    Exterior Features

    Architectural Style Brownstone Exterior Building Type Brick Exterior Features DeckPatio Foundation Details Concrete Perimeter Is Parking Includedin Price Yes Lot Features Common Grounds Number Of Cars 6 Parking Space/S Parking Features Off Alley Parking On Site Yes Parking Ownership Owned Parking Total 6 Roof Rubber Unit1 Floor Level G Unit2 Floor Level 1 Unit3 Floor Level 2 Unit4 Floor Level 3 Waterfront YN No

    Interior Features

    3 Bedroom Unit In Building No Appliances Features Unit1 StoveRefrigerator Appliances Features Unit2 StoveRefrigerator Appliances Features Unit3 StoveRefrigeratorDishwasher Appliances Features Unit4 StoveRefrigerator Basement FullEnglish Basement Bathrooms YN No Basement Description Finished Bathrooms Total Integer 4 Bedrooms Below Grade 0 Bedrooms Possible 7 Full Baths In Building 4 Full Baths In Unit1 1 Full Baths In Unit2 1 Full Baths In Unit3 1 Full Baths In Unit4 1 Half Baths In Building 0 Half Baths In Unit1 0 Half Baths In Unit2 0 Half Baths In Unit3 0 Half Baths In Unit4 0 Heating Natural GasForced Air Number Of Bedrooms Unit1 1 Number Of Bedrooms Unit2 2 Number Of Bedrooms Unit3 2 Number Of Bedrooms Unit4 2 Number Of Rooms Unit1 4 Number Of Rooms Unit2 4 Number Of Rooms Unit3 4 Number Of Rooms Unit4 4 Other Equipment Co Detectors Rooms Total 16

    Property Features

    Age Description Unknown Built Before1978 YN Yes Community Features CurbsGatedSidewalksStreet LightsStreet Paved Corporate Limits Chicago General Information Commuter BusCommuter TrainInterstate Access Gross Income 55200 Lease Exp Date Mo Yr Unit1 2/22 Lease Exp Date Mo Yr Unit2 Mtm Lease Exp Date Mo Yr Unit3 Mtm Lease Exp Date Mo Yr Unit4 Mtm Lot Size Less Than .25 Acre Lot Size Dimensions 24 X 100 New Construction YN No Property Sub Type 4 Flat Rebuilt YN No Rehab YN No Security Deposit Unit1 1050 Security Deposit Unit2 950 Security Deposit Unit3 1300 Security Deposit Unit4 1300 Sewer Public Sewer Special Assessments N Special Listing Conditions List Broker Must Accompany Special Service Area N Tax Annual Amount 8669.76 Tax Year 2019 Tenant Pays Unit1 ElectricGasHeat Tenant Pays Unit2 ElectricGasHeat Tenant Pays Unit3 ElectricGasHeat Tenant Pays Unit4 ElectricGasHeat Total Rental Income 55200 Unit1 Rent 1050 Unit2 Rent 950 Unit3 Rent 1300 Unit4 Rent 1300 Water Source Lake Michigan Zoning Multi

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of North Clybourn Group, Inc..


    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Littlefield Group | Keller Williams Realty. Based on information submitted to the MRED as of 2021-06-12T11:53:34.057 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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