1309 West Ohio Street

Chicago, IL 60642

$1,808,000
Price
8
Beds
8
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

$161,160/year Gross Income | $124,171.00/year Net Income | 6.9% Cap Rate - Impressive for being 1.6 Miles East of Western Ave! | THEE Quintessential Turn Key Investment at 1309 West Ohio Street | Nestled between the Fulton Market District & River West Neighborhoods, this Multi-Family Building in HOT WEST TOWN has 8 Units designed with (8) One Bedroom Apartments | Unique & Money Making Floor Plans | Rear Apartments have their own Decks! | Wood-Planked Sundeck with Spectacular Views of the Downtown...$161,160/year Gross Income | $124,171.00/year Net Income | 6.9% Cap Rate - Impressive for being 1.6 Miles East of Western Ave! | THEE Quintessential Turn Key Investment at 1309 West Ohio Street | Nestled between the Fulton Market District & River West Neighborhoods, this Multi-Family Building in HOT WEST TOWN has 8 Units designed with (8) One Bedroom Apartments | Unique & Money Making Floor Plans | Rear Apartments have their own Decks! | Wood-Planked Sundeck with Spectacular Views of the Downtown Chicago Skyline | Coin-Operated Laundry Facilities | HVAC Systems in all the Apartments | Tenants responsible for Gas (Heat & Cooking) and Electricity - LOW OPERATING EXPENSES | FULLY LEASED/Occupied with Solid Leases | Separate Water Heaters | 3 Leasable Exterior Parking Spaces (1 Tandem & 2 Single) | Well-Maintained & Professional Self-Managed throughout its ownership | View all 41 images (including Floor Plans) | Video tours and OM available upon request.
  1. Listed by Arnell Cordero • Fulton Grace Realty

Property Details for 1309 West Ohio Street

Area
CHI - West Town
Township
West Chicago
Zoning
MULTI

Location

Listing Courtesy of Fulton Grace Realty
Add your commute
LISTING UPDATED: 04/29/2024 10:12 AM

Property Details for 1309 West Ohio Street

StatusPending
MLS #12004544
Days on Market46
Taxes$14,074 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Flats
Year Built1891
Lot Size0.06 AC / 2,760 SF
CountyCook County

Location

Listing Courtesy of Fulton Grace Realty
Add your commute

Building Information for 1309 West Ohio Street

Stories-Residences8Year Built1891Building Size-Lot Size0.06 AC / 2,760 SF

Payment Calculator

$11,040 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,867

Property Taxes

$1,173

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1309 West Ohio Street

General Information
Addtl Parking Information
  • Outdoor Parking: 1-5 Spaces
  • Open Parking Spaces: 3.0
Location and General Information
  • Frontage Type: City Street
  • Information: Show-Special Instructions,Other-See Remarks,Profit & Loss Avalia
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Separate Meters, Service - 0 to 100 Amps
  • # Of Washers: 2
  • Basement Description: Finished, Exterior Access
  • Heat/Ventilation: Central Heat/Indiv Controls,Forced Air,Gas
  • # Of Refrigerators: 8
  • Washer/Dryer Lsd: No
  • Misc Inside: Laundry Room
  • # Of Dryers: 2
  • # Of Dishwashers: 0
  • Num of Baths: 8.0
Exterior Features
  • Building Unit Info: No Units Furnished,Other
  • Misc Outside: Balcony/ies,Patio,Storms and Screens (as exist),Sun Deck
Utilities / Equipment
  • Utilities: Water-Municipal
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Air Conditioning, Electricity, Heat, Hot Water
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Flats
  • Lot Dimensions: 2760
  • Lot Size Square Feet: 2760.0
  • Stories: 4
  • Exterior Building Type: Brick
  • Construction: Brick, Concrete
  • Roof Type: Reflective Coating, Rubber, Other
  • Fire Protection: Smoke or Fire Protectors
  • Roof Structure: Flat
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 8160
  • Lot Size Source: County Records
  • # Of Ranges: 8
  • Conversion: N
Property and Assessments
  • Possible Use: Multi-Family
  • Buyer Financing: Conventional, Cash
  • Documents Available: Rent Roll
  • Public Document Count: 3
  • Document Date: 2024-03-14T20:39:49
  • Photos Count: 41
  • Deconversion: N
Miscellaneous
  • Current Use: Multi-Family
  • Land Amenities: Sidewalks
  • Location: Public Transport Avail,In City Limits
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 8
Income & Expenses
  • Electric Expense: $622.00
  • Fuel Expense: $.00
  • Gross Income: $161,160.00
  • Gross Scheduled Income: $161,160.00
  • Insurance Expense: $4,783.00
  • Maintenance Expense: $12,875.00
  • Electric Expense Source: Broker Projection
  • Expense Year: 2023
  • Total Annual Expense Source: Combination
  • Fuel Expense Source: Broker Projection
  • Insurance Expense Source: Actual
  • Janitor Expense: 0
  • Net Operating Income Year: 2024
  • Repairs-Decor Expense Source: Owner Projection
  • Trash Expense Source: Combination
  • Total Monthly Income: 13430
  • Water Expense Source: Combination
  • Net Operating Income: $124,920.00
  • Operating Expense: $36,240.00
  • Other Expense: $.00
  • Trash Expense: $1,594.00
  • Water Sewer Expense: $2,292.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 8
Unit 2
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 0
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 1309 West Ohio Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1309 West Ohio Street

Taxable ValueLand$6,120Additions$59,962Total$66,082
Tax Record2022$13,592 ($1,133 / month)
Home Facts
Total Finished SqFt4,458 SqFtAbove Grade Finished SqFt4,458 SqFtStories3Lot Size2,040 SqFtStyleMulti-Family Res (5+ Units)Year Built1891CountyCOOKAPN17-08-125-036

Schools near 1309 West Ohio Street

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Otis Elementary School
PublicPK to 8

Wells Community Academy High School
Public9 to 12

Ogden Int High School
Public9 to 12

Golder College Prep
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Fulton Grace Realty

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.