$1,499,000

1214 W Ohio Street, Chicago, IL 60642

  • 9 beds |
  • 7 baths
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1993
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed ——

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.

Listing Status:
Active
Data Last Updated:
July 25, 2026 at 7:18AM
Listing Office:
Keller Williams Infinity : 630-778-5800
Listing Agent:
Satyanarayan Teeparti : 312-918-9006
MLS ID:
12706870
  • Basement: FinishedFullWalk-Out Access
  • Heating: Natural GasForced Air
  • Parking: Off AlleyYesOwnedParking spaces: 3
  • Roofing: Asphalt
  • Originating MLS: mred
  • School District: 299
  • County: Cook
  • Zoning: MULTI17081200310000
  • Water: Public
  • Sewer: Public Sewer
  • Source: mred
  • Ownership: Fee Simple

This listing courtesy of Satyanarayan Teeparti , Keller Williams Infinity

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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