BEDS9
BATHS7 full
MLS#12706870
STATUSNew
PROPERTY TYPEMulti Unit - Multiple
SCHOOLDistrict 299
Property Description
Exceptional, fully leased legal 3-unit brick building in hot West Town near Fulton Market, situated on a peaceful, tree-lined block. Offers over 3,650 sq ft of above-grade living space plus an expansive finished basement. Perfect for turn-key investors or owner-occupants. Unit 1 is a massive 3BR/3BA duplex down. Units 2 & 3 feature identical, spacious 3BR/2BA layouts. All units boast in-unit W/D, sun-drenched living spaces, private rear decks, hardwood floors, updated kitchens/baths, fireplaces, plus recent furnaces, A/C units, and tankless water heaters. Secure perimeter fencing with electronic lock door. Fully leased with a strong day-one cash flow of almost $10k/month and stable leases at below-market rents. Massive upside to transition to market rates in 2027. Built in 1993, it features copper plumbing, high grade electrical systems, panels, and a modern architectural layout. Newer Roof (2022) Ultra-low owner overhead: tenants pay separate utilities via individual gas/electric meters and dedicated HVAC systems. Rear 3-car parking footprint offers prime value-add potential: monetize for monthly revenue with lease renewals, build a private 2-car garage, or construct a coach house/ADU for a lucrative fourth income stream (buyer to verify zoning/ADU compliance with the City). Unmatched location central to major upcoming neighborhood developments: Bally's Casino (0.6mi), Fulton Market Expansion (0.5mi), $7B United Center Expansion (2mi), and Grand/Chicago Ave commercial upgrades (0.3mi). A commuter's dream with effortless access to the city and suburbs: 5-min walk to CTA train, 2-min walk to bus, 0.4 mi to I-90, and 1.2 mi to I-290. Minutes from world-class Michelin-starred dining, trendy cocktail lounges, vibrant nightlife, and premier sports hubs. Walking distance to reputed Noble Charter Golder College Prep school.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Finished, Full, Walk-Out Access
Heating: Natural Gas, Forced Air
Lot Size: 3096SF PER COOK COUNTY ASSESSOR SITE
Roof Type: Asphalt
Taxes: $21,965
Year Built: 1993
Feature Descriptions
Exterior: Brick, Block
Lot Dimensions: 3096SF PER COOK COUNTY ASSESSOR SITE
Parcel#: 17081200310000
Parking: Off Alley, Yes, Owned
Sewer: Public Sewer
Total Rooms: 16
Township: West Chicago
Water: Public
Local Schools
School District: District 299
Listed By / Shown By
Listed By
Agency Name: Keller Williams Infinity
Agency Phone: 630-778-5800
Shown By
Agent Name: Erica Tucker
Agent Phone: Cell: (779) 777-8538
Agency Title: Gambino Realtors
Estimate Your Payment
Estimated Payment
$ 9,076.55 per month $6,808.93 Principal & Interest $1,830.42 Property Tax $437.21 Homeowner's InsuranceChange Payment Information
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1214 W Ohio Street | MLS# 12706870
This multi-family property located at 1214 W Ohio Street, Chicago, IL 60642 is currently listed for sale with an asking price of $1,499,000. W Ohio Street is located within the District 299 school district. Search Chicago real estate on etucker.gogambino.com today.