Corcoran Urban Real Estate
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39 Properties Within 0.5 miles of: 1214 W Ohio, Chicago

1214 W Ohio
Chicago, IL 60642

  • 9 Beds
  • Built In 1993
Price

$1,499,000

Est Payment
$9,450 / month (details)  
Taxes
$21,965  
Beds
9  
Rooms
16  
Type
Two to Four Units  
Sq. Ft.
n/a  
Lot Size
3096SF PER COOK COUNTY ASSESSOR SITE  
Built
1993  
Neighborhood
Noble Square  
MLS
#12706870
Status
Active

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 Map

Property Details

Utilities

  • Heating Natural Gas, Forced Air
  • Cooling
  • Water Public
  • Sewer Public Sewer

Additional Information

Parking
3 Parking Spaces, Off Alley, Yes, Owned, Parking included in price
Schools
District 299

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Principal & Interest
$0
Property Tax
$0
Assessments
$0
Home Insurance
$0
Mortgage Insurance
$0

Nearby Transportation

  • Bus 65 0.1 mi
  • Bus 66 0.2 mi
  • Bus 56 0.3 mi
  • Bus 9 0.5 mi
  • Bus X9 0.5 mi
  • Bus 8 0.5 mi
  • Bus 70 0.7 mi
  • Bus 20 0.8 mi
  • Bus 50 1.0 mi
  • Bus J14 1.0 mi
  • Bus 126 1.0 mi
  • Bus 125 1.1 mi
  • Bus 130 1.1 mi
  • Bus 37 1.1 mi
  • Bus 120 1.1 mi
  • Union Pacific North 1.2 mi
  • Union Pacific Northwest 1.2 mi
  • Union Pacific West 1.2 mi
  • Blue Line 0.3 mi
  • Green Line 0.6 mi
  • Pink Line 0.6 mi
  • Brown Line 1.2 mi
  • Purple Line 1.2 mi
  • ZipCar 0.3 mi
  • I 90 West 0.2 mi
  • I 94 West 0.2 mi
  • I 90 East 0.5 mi
  • I 94 East 0.5 mi
  • I 290 West 1.1 mi
  • I 290 East 1.3 mi
  • I 55 South 2.7 mi
  • I 55 North 2.7 mi
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