NOT LISTED FOR SALE
8 Beds
8 Baths
8,160 Sq Ft
2,760 Sq Ft Lot

Last Sold May 28, 2024

Last sale price $1,660,000 $203 Per Sq Ft

42 Days on Market

Highlights

  • Property is near public transit
  • Forced Air Heating and Cooling System
  • 4-minute walk to Bickerdike (George) Square Park
  • Laundry Room

About This Home

As of May 2024

$161,160/year Gross Income | $124,171.00/year Net Income | 6.9% Cap Rate - Impressive for being 1.6 Miles East of Western Ave! | THEE Quintessential Turn Key Investment at 1309 West Ohio Street | Nestled between the Fulton Market District & River West Neighborhoods, this Multi-Family Building in HOT WEST TOWN has 8 Units designed with (8) One Bedroom Apartments | Unique & Money Making Floor Plans | Rear Apartments have their own Decks! | Wood-Planked Sundeck with Spectacular Views of the Downtown Chicago Skyline | Coin-Operated Laundry Facilities | HVAC Systems in all the Apartments | Tenants responsible for Gas (Heat & Cooking) and Electricity - LOW OPERATING EXPENSES | FULLY LEASED/Occupied with Solid Leases | Separate Water Heaters | 3 Leasable Exterior Parking Spaces (1 Tandem & 2 Single) | Well-Maintained & Professional Self-Managed throughout its ownership | View all 41 images (including Floor Plans) | Video tours and OM available upon request.

Last Agent to Sell the Property

Arnell Cordero

Fulton Grace Realty License #475156122 Listed on: 03/14/2024

Fulton Grace Realty

Co-Listed By

Cirenia Zurawski

Fulton Grace Realty License #475185091

Last Buyer's Agent

Robert Grilli

Jameson Sotheby's Intl Realty License #475179692

Jameson Sotheby's Intl Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,074

Year Built

  • Built in 1891

Lot Details

  • 2,760 Sq Ft Lot
  • Additional Parcels

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Reflective Roof
  • Rubber Roof
  • Concrete Block And Stucco Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 8,160 Sq Ft Home
  • 4-Story Property
  • Finished Basement
  • Exterior Basement Entry
  • Fire and Smoke Detector
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Location

  • Property is near public transit

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Separate Meters
  • 100 Amp Service

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heat, hot water

Community Details

Overview

  • 8 Units

Building Details

  • Electric Expense $622
  • Insurance Expense $4,783
  • Maintenance Expense $12,875
  • Trash Expense $1,594
  • Water Sewer Expense $2,292
  • Operating Expense $36,240
  • Gross Income $161,160
  • Net Operating Income $124,920

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,074

Year Built

Built in 1891

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Flats
  • Stories: 4
  • Year Built: 1891
  • Built Before 1978 (Y/N): Yes
  • Information: Show-Special Instructions,Other-See Remarks,Profit & Loss Avalia
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 8
  • Total Bedrooms: 8
  • Possible Use: Multi-Family
  • Basement Description: Finished,Exterior Access
  • Fire Protection: Smoke or Fire Protectors
  • Misc Inside: Laundry Room
  • Fireplaces: 2
  • Dishwashers: 0
  • Refrigerators: 8
  • Ranges: 8
  • Number of Washers: 2
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick, Concrete
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street
  • List Price: 1808000
  • Roof: Reflective Coating, Rubber, Other
  • Exterior Building Type: Brick
  • Roof Structure: Flat
  • Misc Outside: Balcony/ies,Patio,Storms and Screens (as exist),Sun Deck

Garage/Parking

  • Outdoor Parking: 1-5 Spaces

Utilities

  • Cooling: Central Air
  • Electric: Separate Meters, Service - 0 to 100 Amps
  • Utilities: Water-Municipal
  • Heat/Ventilation: Central Heat/Indiv Controls,Forced Air,Gas
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Conversion YN: N
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 1594
  • Water Sewer Expenses: 2292
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 2760
  • Lot Size Sq Ft: 2760
  • Zoning: MULTI
  • Land Amenities: Sidewalks

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat, Hot Water
  • Board Number: 8
  • Tenancy Type: Leases

Building Info

  • BuildingAreaTotal: 8160
  • Building Unit Info: No Units Furnished,Other

Multi Family

  • Net Operating Income: 124920
  • Insurance Expense: 4783
  • ElectricExpense: 622
  • GrossIncome: 161160
  • Maintenance Expense: 12875
  • NumberOfUnitsTotal: 8
  • OperatingExpense: 36240
  • Expense Year: 2023
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 14074
  • Tax Year: 2022

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2024 05/28/24 Sold $1,660,000 -8.2% $203 / Sq Ft
04/27/2024 04/27/24 Pending -- -- --
03/15/2024 03/15/24 For Sale $1,808,000 -- $222 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12004544

Midwest Real Estate Data (MRED)

APN: 17081250360000