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Six-Unit Apartment Building
For Sale
Under Contract
$1,450,000

1409 W Ohio Street, Chicago, IL 60642

Commercial Sale, Chicago, IL

Property SizeContact for details
Lot Size0.07 Acres
Days on Market48

Property Features for 1409 W Ohio Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 7
Bathrooms 8
Full bathrooms 8
Rooms Basement, Bedroom 3, Bedroom 6, Bedroom 4, Bathroom 3, Bedroom 2, Bedroom 7, Bathroom 4, Bathroom 5, Bathroom 1, Bedroom 5, Bathroom 6, Bathroom 7, Bedroom 1, Bathroom 8, Bathroom 2
Basement Partially Finished
Directions West on Ohio St. to 1409
Subdivision CHI - West Town
Standard status Active Under Contract
APN 17081230160000
Lot size 0.07 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 23576

Amenities

semi-private balcony
coin-operated laundry
garage

Building Details

Year built 1879
Floors in Building 3
Number of units 6
Listing Agency: Compass
Listed By: Katie Jean Colquhoun
Added: Jul 17 Changed: Aug 20 Last Checked: Sep 2 at 7:06PM
MLS# 12708406

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.

This six-unit apartment building includes one front duplex-down with two bedrooms and two bathrooms, plus five one-bedroom, one-bathroom apartments. Front units use forced-air systems, while the second- and third-floor apartments have electric heat and air conditioning. Rear apartments include semi-private balconies, and two units are vacant for occupancy or renovation. The basement contains two coin-operated washer and dryer sets.

Property improvements include a 400-amp electrical service, a 2025 roof, and front windows replaced in 2025. The insulated, drywalled garage is heated and air-conditioned. Built in 1879, the property occupies 0.0717 acres and is zoned MULTI. It is within 1/2 mile of the Green, Blue, and Pink CTA lines and the Grand Ave bus route, with restaurants and nightlife nearby.

Key Highlights

  • Six‑unit configuration with one two‑bedroom, two‑bathroom duplex‑down and five one‑bedroom, one‑bathroom apartments
  • Two vacant units available for occupancy or renovation
  • 2025 roof and front windows replaced in 2025

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Nursing Home Tanning Salon Carpet & Flooring Store Adult Day Care Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

4,702
Businesses Nearby

Demographics for 60642, IL

21,687
Population
12,144
Households
1.8
Avg Household Size
33
Median Age
78%
College-Educated
97%
High-School Grad
1.7 sq mi
ZIP Area
12,757
Density / Sq Mi
$141,179
Median Household Income
$90,885
Median Earnings
$2,216
Median Rent
$604,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Chicago walk-up with varied layouts, balcony access, basement laundry, and an insulated garage with heating and air conditioning.
Where is this apartment building located?
The property is located at 1409 W Ohio Street Chicago, IL.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Six‑unit configuration with one two‑bedroom, two‑bathroom duplex‑down and five one‑bedroom, one‑bathroom apartments; Two vacant units available for occupancy or renovation; 2025 roof and front windows replaced in 2025
More about this property
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