Active

1318-22 W Ohio Street

Chicago IL, 60642

$1,750,000


Active

Commercial

Built in 1898

Courtesy of North Clybourn Group, Inc.

Unicorn Alert set in The Brooklyn of Fulton Market on the confluence of the West Loop in River West nurtured and cherished by the long-term owner occupants for 40 years. This value-add classic tandem brick legal 6-unit workhorse building is packaged with an urban garden side lot for collective campus of 47.98' of frontage on a 127.48' deep lot. Hyper-convenient burgeoning with independent and cultural boutiques, restaurants, commerce and connected minutes to multiple gateways of transit set on a whimsical Iconic Chicago Streetscape. The building has been family occupied throughout ownership and is the perfect canvas for your next project, investment, multi-generational living or home offering a significant value-add opportunity. The playbook is open on what you can do here with limitless potential for creative configurations. Interior stairs to the rooftop with absolutely jaw-dropping views of the Loop. Savvy investors can keep the side lot for enhanced living or develop to maximize their investment and income potential as sellers are willing to consider a zoning contingency. The building features separate utilities and a full basement. The Garden is an urban oasis populated by mature pear and quince trees- where the easy dance of nature unfolds, featuring a mesmerizing koi pond ten-feet in diameter complete with fountain for meditative immersion. Lose yourself in the garden, adorned with established ornamental vines, fruiting trees, and shrubs, and dedicated raised bed vegetable garden. Wander beneath the 12' x 12' pergola poised gracefully over a cement patio with room to sit and observe. This side yard seamlessly blends urban living with the enchantment of nature, offering a unique haven. Building can be sold separate at $1,200,000 and Garden $550,000 Sold in "As Is , As Seen Condition" . Sellers will require up to 90 days of 4 units plus basement post-closing possession Balance of units are leased to month-to-month tenants @ 1100 per month each. Some exclusions apply. Taxes are reflective of senior freeze and senior homestead exception. 2 pins. If properties are split, side deck/stairs attached the building encroaching on the lot is not necessary and was added for sellers use related to psuedo combined use of 1S and 1N . Building is 1322 Ohio and Department of Buildings Records indicates 6 Dwelling units. Garden/Side Lot is 1318 Ohio.

11998012

MLS ID

March 6, 2024

Listed

April 12, 2024

Updated

Map

1318-22 W Ohio Street
Chicago IL, 60642

Other Property Details

Area Name

CHI - West Town


Taxes

$3,981


Tax Frequency

Annually


Days on Market

37


Garage

No


View

No


County

Cook


Municipality

West Chicago


Pool

No


Zoning

MULTI


Buyer Agency Compensation

2.5% - $495 ON NET SALE PRICE

Courtesy of North Clybourn Group, Inc., Karen Biazar,
Listing Contact: 773-252-0600 

The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than The Hancock Group are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

Based on information submitted to the  MLS GRID for MRED 4/12/2024. All data is obtained from various sources and has not been, and will not be, verified by broker, MRED or MLS GRID. MLS Grid and MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

©2024 Listings Courtesy of MRED as distributed by MLS GRID. All rights reserved.

Data last updated 8:02 PM UTC, 4/12/2024

 

 

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