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John Groebe
Mobile Phone:
708-878-7711
groebe@earthlink.net
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John Groebe
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Mobile Phone:
708-878-7711
groebe@
earthlink.net
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FOR SALE
$1,750,000

1318-22 W Ohio Street
Chicago, IL 60642

Multi-Family, Business Opportunities
Commercial
N/A
Acre Lot
Courtesy: North Clybourn Group, Inc.
Home> Illinois> Chicago> 60642
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
Commercial - Multi-Family, Business Opportunities, 3+ Story
1898
Cook
3
Brick
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

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Courtesy: North Clybourn Group, Inc.
Listings courtesy of MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 4/28/2024. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.

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