1322 West Ohio Street

Chicago, IL 60642

$1,200,000
Price
7
Beds
6
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

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...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.
  1. Listed by Karen Biazar • North Clybourn Group, Inc.
  2. Listed by Staci Slattery • North Clybourn Group, Inc.

Property Details for 1322 West Ohio Street

Area
CHI - West Town
Township
West Chicago
Zoning
MULTI

Location

Listing Courtesy of North Clybourn Group, Inc.
Add your commute
LISTING UPDATED: 04/11/2024 10:39 AM

Property Details for 1322 West Ohio Street

StatusActive
MLS #11998042
Days on Market62
Taxes$220 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Flats
Year Built1898
Lot Size0.07 AC / 2,932 SF
CountyCook County

Location

Listing Courtesy of North Clybourn Group, Inc.
Add your commute

Building Information for 1322 West Ohio Street

Stories-Residences6Year Built1898Building Size-Lot Size0.07 AC / 2,932 SF

Payment Calculator

$6,567 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,549

Property Taxes

$18

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1322 West Ohio Street

General Information
Addtl Parking Information
  • Open Parking Spaces: 0.0
Location and General Information
  • Frontage Type: City Street
  • Information: List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Electric: Circuit Breakers
  • Basement Description: Unfinished
  • Heat/Ventilation: Gas
  • Num of Baths: 6.0
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity, Heat, Hot Water
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Flats
  • Lot Dimensions: 23 X 127.48
  • Stories: 3
  • Exterior Building Type: Brick
  • Construction: Brick
  • Roof Structure: Flat
  • Foundation Details: Concrete Perimeter
  • Lot Size Source: Survey
  • Conversion: N
  • MRD_UNC: Yes
Property and Assessments
  • Buyer Financing: Conventional, Cash
  • Documents Available: Existing Survey,Tax Bill
  • Public Document Count: 8
  • Document Date: 2024-03-12T20:57:23
  • Photos Count: 32
  • Deconversion: N
Miscellaneous
  • Current Use: Multi-Family
  • Land Amenities: Curbs and Gutters,Sidewalks,Other
  • Location: In City Limits
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $2,200.00
  • Gross Scheduled Income: $24,000.00
  • Insurance Expense: $.00
  • Maintenance Expense: $.00
  • Janitor Expense: 0
  • Total Monthly Income: 2200
  • Net Operating Income: $.00
  • Operating Expense: $.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 1
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 5
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 1322 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 1322 West Ohio Street

Taxable ValueLand$18,288Additions$72,712Total$91,000
Tax Record2022$220 ($18 / month)
Home Facts
Baths4Total Finished SqFt4,080 SqFtAbove Grade Finished SqFt4,080 SqFtStories3Lot Size3,048 SqFtStyleMulti-Family Res (5+ Units)Year Built1895CountyCOOKAPN17-08-119-014

Schools near 1322 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

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1322 West Ohio Street is a multi-family home for sale in Chicago, IL 60642. This property was listed for sale on March 6, 2024 by North Clybourn Group, Inc., it's currently listed at $1,200,000. This listing's school district is City Of Chicago School District 299. Nearby schools include Otis Elementary School, Wells Community Academy High School and Ogden Int High School. 1322 West Ohio Street is a 7-bed, 6-bath, multi-family home built in 1898.

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 North Clybourn Group, Inc.

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.