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Multifamily

1239 W Ohio St

1239 W Ohio St, Chicago, IL 60642

Listing Price: $1,250,000

Cap Rate
5.67%
Number of Units
6
Price/Unit
$208,333

Investment Overview

Marcus and Millichap is pleased to present this multifamily opportunity in the West Town neighborhood of Chicago, Illinois. The subject property consists of six apartments. the exact unit mix is (2) 1-Bed/1-Bath units, three two-bedroom/one-bath units, and one four-bedroom/two-bath unit. The units feature hardwood floors, stainless steel appliances, and in-unit laundry for two units and on-site laundry for the other four. The property has also had $40,000 in upgrades/repairs over the last two years. The subject property is a three minute walk to Chicago Transit Authority's (CTA) 65 bus stop and a seven-minute walk to Chicago's CTA Blue Line train stop at Chicago and Milwaukee. West Town is filled with galleries and museums, independent theatres, and retail boutiques. Chicagoans are drawn to the area due to the relaxed atmosphere that does not lack things to do. There are small music venues, independent coffee shops, and landmark homes and churches. The neighborhood borders the Ukrainian Village, West Loop, and River West.

Investment Highlights

  • Excellent West Town Neighborhood Location
  • Six-Unit Multifamily Offering with Interior Renovations
  • $40,000 in Upgrades/Repairs over the Last Two Years
  • Short Walk to CTA Buses and Trains

Exclusively Listed By

Multifamily

1239 W Ohio St

Listing Price: $1,250,000

Cap Rate
5.67%
Number of Units
6
Price/Unit
$208,333

Investment Highlights

  • Excellent West Town Neighborhood Location
  • Six-Unit Multifamily Offering with Interior Renovations
  • $40,000 in Upgrades/Repairs over the Last Two Years
  • Short Walk to CTA Buses and Trains

Investment Overview

Marcus and Millichap is pleased to present this multifamily opportunity in the West Town neighborhood of Chicago, Illinois. The subject property consists of six apartments. the exact unit mix is (2) 1-Bed/1-Bath units, three two-bedroom/one-bath units, and one four-bedroom/two-bath unit. The units feature hardwood floors, stainless steel appliances, and in-unit laundry for two units and on-site laundry for the other four. The property has also had $40,000 in upgrades/repairs over the last two years. The subject property is a three minute walk to Chicago Transit Authority's (CTA) 65 bus stop and a seven-minute walk to Chicago's CTA Blue Line train stop at Chicago and Milwaukee. West Town is filled with galleries and museums, independent theatres, and retail boutiques. Chicagoans are drawn to the area due to the relaxed atmosphere that does not lack things to do. There are small music venues, independent coffee shops, and landmark homes and churches. The neighborhood borders the Ukrainian Village, West Loop, and River West.

Exclusively Listed By

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