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Investment Highlights

  • Located in saught- after Ukrainian Village
  • Remodeled units. With open plan.

Executive Summary

Recently remodeled turnkey 4 Flat all brick Multi- Flat building in Ukrainian Village. The property has a front-to-back configuration with two 2 Bed/1 Bath and two 1Bed/1Bath apartments w/ individual Central heat/AC. Units were renovated inside w/ new kitchens s/s appliances, new bathrooms in 2023 (as seen on photos). All 4 units are currently tenants occupied. Major components most recent updates: 4 Hot water tanks (2024), 4 furnaces installed (2023). Tuckpointing (2024). Some windows replaced (2025). Newer porch with permits (March 2026). New fence. All copper plumbing. New electric boxes. Coin operated laundry, electric boxes, water tanks in the full unfinished basement. New siding on garage. 2- car garage. Total gross annual income: $ 96,420. Expenses: $ 22,075. An additional income from 2 Car- garage and laundry. The current rents are under the market rents (min. $200) have an upside potential *** This well-maintained building, with low deferred maintenance with a room to increase income from rents presents a potential for future long-term upside growth ***

Financial Summary (Actual - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $1,150,000
Price Per Unit $287,500
Sale Type Investment
Cap Rate 6.50%
Sale Conditions
1031 Exchange
  • Redevelopment Project
Gross Rent Multiplier 15.5
No. Units 4
Property Type
Multifamily
  • Multifamily Apartments
Apartment Style Mid-Rise
Building Size 3,300 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1880/2023
Zoning Quadruplex - Per universal land use: Quadruplex. Per owners, they pulled the permit as a 4 Dwelling Units

Amenities

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Heating
  • Kitchen
  • Hardwood Floors
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Quartz Countertops

Site Amenities

  • Fenced Lot
  • Public Transportation

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 2 $1,925 -
1+1 2 $1,718 -
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
90/100
Very bikeable
80/100
  • Listing ID: 41491615

  • Date on Market: 7/30/2026

  • Last Updated:

  • Address: 2333 W Ohio St, Chicago, IL 60612

Contact the Sale Advisor

2333 W Ohio St

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