1214 W Ohio Street, Chicago, IL 60642
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.
- Listing Courtesy of: Keller Williams Infinity
Details
Updated on July 21, 2026 at 11:22 pm-
Property ID MRD12706870
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Price $1,499,000
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Bedrooms 9
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Year Built 1993
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Property Type Multi Family
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Property Status Active
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Parking Total 3
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Parcel Number 17081200310000
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Water Source Public
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Sewer Public Sewer
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MLS Status New
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Cumulative Days On Market 1
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Tax Annual Amount 21965
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Heating Natural Gas,Forced Air
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Parking Features Off Alley,Yes,Owned
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Directions On Ohio, just west of Ogden
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Zoning MULTI
Address
Open on Google Maps- Address 1214 W Ohio Street
- City Chicago
- State/county IL
- Zip/Postal Code 60642
- Country United States
Overview
- Multi Family
- 9
- 1993
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