1303 W Ohio Street Chicago IL 60642 MLS #MRD12448959

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This all brick, 6-unit building is an excellent West Town location! There are three front facing units and three rear facing units. One of the 6 units consists of a 1-bedroom, 1-bathroom unit. The remaining five units consist of 2-bedroom, 1-bathroom units. All units are on month-to-month leases and at below market rents; there is significant room for rent increases with a touch of cosmetic work. Investors can easily capture $2,000 per month per unit in rental income! Equally important, each unit is quaint and cozy with its open concept floor plan, exposed kitchen, very high ceilings and large windows that welcome natural sunlight in all units. And the area: is just exceptional, which translates into very strong rental demand and, hence, low vacancies. It is minutes to the Kennedy, Ogden International School of Chicago, Fulton Market, restaurants, transportation, parks and so much more! A must see! A 10!

Property Details

Price:
$1,300,000
MLS #:
MRD12448959
Status:
Active
Beds:
3
Baths:
2
Type:
Commercial
Neighborhood:
chiwesttown
Listed Date:
Aug 19, 2025
Total Sq Ft:
4,704
Lot Size:
2,928 sqft / 0.06 acres (approx)
Year Built:
1892
Chi – West TownChiwesttown

Schools

Interior

Cooling
Central Air, Window Unit(s)

Exterior

Construction Materials
Brick, Concrete
Roof
Reflective Coating, Rubber

Financial

HOA Includes
None
Maintenance Fee
$700
Net Operating Income
$44,384
Tax Year
2023
Taxes
$18,968

Listing Agent & Office

Peter Drossos
Peter Drossos Real Estate

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