$935,000
$975,000
4.1%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 09/27/2024
Key Details
Sold Price $935,000
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12119789
Sold Date 09/27/24
Year Built 1887
Annual Tax Amount $19,513
Tax Year 2023
Lot Dimensions 125X25
Property Sub-Type Multi Family 5+
Property Description
Presenting the exclusive sale of 1311 W Ohio. A 6-unit Multifamily property located in the vibrant West Town neighborhood. This property presents a rare opportunity to take over a building that been owned by the same for over 60 years. The building has been meticulously cared for over the years with consistent preventative maintenance to the exterior, newer roofs, and tuck pointing on all exterior masonry. All units are currently leased for well under market rents, with leases expiring between the end of August through the end of November. The Savvy Investor can quickly turn this building into a cash generating tool quickly and efficiently. The Property consists of a front masonry building with 3 - 1Bed 1Bath plus Den units, and a 2 bed 1 bath unit. Separated by a private courtyard, sits the coach house with 2 more 2Bed 1Bath units. For the value-add investors, there are more opportunities to push rents by addings Central A/C and heating, in-unit laundry, and updating all kitchens and baths. A building of this quality will not come along often at this price.
Location
State IL
County Cook
Area Chi - West Town
Zoning MULTI
Interior
Cooling Window Unit(s)
Fireplace N
Exterior
Roof Type Rubber
Building
Level or Stories 2
Structure Type Brick
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Bought with Mitir Patel • Dream Town Real Estate
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "