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1326 W Ohio St 3 Unit Apartment Building $1,250,000 ($416,667/Unit) 7.24% Cap Rate Chicago, IL 60642
Investment Highlights
- One (1) 4Bd/2.5Ba, One (1) 2Bd/1.5Ba, & One (1) 2Bd/1Ba Units
- Gross Income of $90,549
- 4Bd/2.5Ba Duplex Up Unit is Currently Being Held for an Owner Occupant/Short Term Rental
- Prime West Town Location
Executive Summary
Kiser Group is pleased to exclusively offer for purchase the sale of 1326 W. Ohio St, a three (3) unit walkup building located in Chicago’s highly desirable West Town neighborhood. The subject property is ideally positioned in close proximity to the vibrant dining, retail, and nightlife corridors along Chicago Avenue and Grand Avenue, providing tenants with exceptional walkable amenities. Additionally, the property offers convenient access to public transportation allowing for quick and efficient travel to downtown Chicago and surrounding neighborhoods.
1326 W. Ohio St has a unit mix consisting of one (1) 4Bd/2.5Ba, one (1) 2Bd/1.5Ba, and one (1) 2Bd/1Ba units. The interior units are incredibly spacious, and each has been updated to meet modern renter expectations. Each unit features updated kitchens and baths along with modern appliances. Additional improvements include updated mechanicals, in-unit laundry, and individual furnaces.
1326 W. Ohio St presents investors with the opportunity to acquire a well-located asset in one of Chicago’s most sought-after rental markets. With strong in-place fundamentals and continued neighborhood growth, a buyer is well-positioned to benefit from both stable cash flow and long-term appreciation potential.
1326 W. Ohio St has a unit mix consisting of one (1) 4Bd/2.5Ba, one (1) 2Bd/1.5Ba, and one (1) 2Bd/1Ba units. The interior units are incredibly spacious, and each has been updated to meet modern renter expectations. Each unit features updated kitchens and baths along with modern appliances. Additional improvements include updated mechanicals, in-unit laundry, and individual furnaces.
1326 W. Ohio St presents investors with the opportunity to acquire a well-located asset in one of Chicago’s most sought-after rental markets. With strong in-place fundamentals and continued neighborhood growth, a buyer is well-positioned to benefit from both stable cash flow and long-term appreciation potential.
Property Facts
| Price | $1,250,000 | Building Class | C |
| Price Per Unit | $416,667 | Lot Size | 0.07 AC |
| Sale Type | Investment | Building Size | 2,700 SF |
| Cap Rate | 7.24% | No. Stories | 2 |
| No. Units | 3 | Year Built | 1891 |
| Property Type | Multifamily | Parking Ratio | 0.74/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | RS-3 | ||
| Price | $1,250,000 |
| Price Per Unit | $416,667 |
| Sale Type | Investment |
| Cap Rate | 7.24% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 2,700 SF |
| No. Stories | 2 |
| Year Built | 1891 |
| Parking Ratio | 0.74/1,000 SF |
| Zoning | RS-3 |
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Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
90/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 17-08-119-012-0000 | Improvements Assessment | $64,292 |
| Land Assessment | $22,708 | Total Assessment | $87,000 |
Property Taxes
Parcel Number
17-08-119-012-0000
Land Assessment
$22,708
Improvements Assessment
$64,292
Total Assessment
$87,000
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1326 W Ohio St
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