Brick 3-Unit Income
1214 W Ohio Street Chicago, IL 60642
New
For Sale
$1,499,000
MULTI_FAMILY - Chicago, IL
Property Size3,650 SF
Price / SF$410.68
Days on Market3
Property Features for 1214 W Ohio Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MULTI
- Bedrooms
- 9
- Bathrooms
- 7
- Rooms
- Bathroom 3, Basement, Bathroom 6, Bedroom 9, Bathroom 5, Bathroom 4, Bedroom 8, Bathroom 7, Bedroom 4, Bathroom 2, Bedroom 7, Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 6, Bedroom 5, Bedroom 3
- Parking
- 3
- Parking features
- Owned, Off Alley
- Patio and Porch features
- Deck
- Basement
- Finished, Full, Walk-Out Access
- Standard status
- Active
- APN
- 17081200310000
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 21965
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1993
- Building materials
- Brick, Block
- Roof type
- Asphalt
Listing Agency:
Keller Williams Infinity
(630) 778-5800
Listed By:
Satyanarayan Teeparti
(630) 778-5800
Added: Jul 21
Changed: Jul 23
Last Checked: Jul 23 at 2:06PM
MLS# 12706870
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1993, this legal 3-unit brick multifamily property offers multiple spacious layouts and a finished basement. Unit 1 is a 3-bedroom, 3-bath duplex down, while Units 2 and 3 each offer a 3-bedroom, 2-bath design. Each unit includes in-unit washer/dryer, hardwood floors, fireplaces, updated kitchens and baths, and private rear decks. The property also features secure perimeter fencing with an electronic lock door. Recent systems include newer furnaces, A/C units, and tankless water heaters, and the roof was replaced in 2022.
The building is zoned for multifamily use (MULTI) and includes a rear 3-car parking footprint. Tenants pay for separate utilities through individual gas/electric meters and dedicated HVAC systems. Nearby access includes a CTA train within a 5-minute walk, a bus stop within a 2-minute walk, 0.4 miles to I-90, and 1.2 miles to I-290.
All three units are currently leased, with separate HVAC servicing and utility metering for tenant responsibility. The configuration and parking area support a variety of potential revenue improvements, subject to buyer verification of zoning and any applicable ADU requirements with the City.
The building is zoned for multifamily use (MULTI) and includes a rear 3-car parking footprint. Tenants pay for separate utilities through individual gas/electric meters and dedicated HVAC systems. Nearby access includes a CTA train within a 5-minute walk, a bus stop within a 2-minute walk, 0.4 miles to I-90, and 1.2 miles to I-290.
All three units are currently leased, with separate HVAC servicing and utility metering for tenant responsibility. The configuration and parking area support a variety of potential revenue improvements, subject to buyer verification of zoning and any applicable ADU requirements with the City.
Key Highlights
- Legal 3‑unit brick building built in 1993 with over 3,650 sq ft of above‑grade living space plus an expansive finished basement
- Units 2 and 3 each offer an identical spacious 3BR/2BA layout; Unit 1 is a 3BR/3BA duplex down
- In‑unit W/D, private rear decks, hardwood floors, updated kitchens/baths, and fireplaces in all units
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $92.0k | $25.20 |
| − Vacancy | −$5.1k | −$1.39 |
| EGI | $86.9k | $23.81 |
| − OpEx | −$26.1k | −$7.14 |
| NOI | $60.8k | $16.67 |
3,650 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$869.2K
$760.6K – $1.01M
NOI $60,845 @ 7.0% cap · market cap 4.06%
Second Best
Apartment 5plus
$799.3K
$699.4K – $932.5K
NOI $55,951 @ 7.0% cap · market cap 3.73%
Theoretical Best
Office A
$1.72M
$1.51M – $2.01M
NOI $120,468 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Legal 3-unit brick building with in-unit laundry, private rear decks, and separate utilities via individual gas/electric meters.
Where is this triplex located?
The property is located at 1214 W Ohio Street Chicago, IL.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Legal 3‑unit brick building built in 1993 with over 3,650 sq ft of above‑grade living space plus an expansive finished basement; Units 2 and 3 each offer an identical spacious 3BR/2BA layout; Unit 1 is a 3BR/3BA duplex down; In‑unit W/D, private rear decks, hardwood floors, updated kitchens/baths, and fireplaces in all units
