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Updated Three-Unit Apartment Building
New
For Sale
$830,000

1468 W Ohio Street, Chicago, IL 60642

Individual utility metering, in-unit laundry, and dedicated parking support efficient multifamily operations.

Property SizeContact for details
Days on Market7

Property Features for 1468 W Ohio Street

General Information

Standard status Active
Total Parking Spaces 2
Property subtype Multi-Family
Zoning Unzoned
Occupancy 100%

Site & Location

Highway Access Yes
Public Transit Yes
Utilities to Site Yes

Units

Unit Mix 2 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units 3

Amenities

central air
washer/dryer
dishwasher
outdoor space
Natural Gas
Electric
Forced Air

Building Details

Year Built 1874
Listing Agency: Berg Properties
Listed By: Scott Berg · License #475110440
Source: Kw
Added: Sep 21 Changed: Sep 23 Last Checked: Sep 26 at 1:44PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berg Properties

Investment Insights

Based on property information with market context.

This three-unit apartment property includes two 1-bedroom/1-bath residences and one 2-bedroom/1-bath residence, with each apartment measuring approximately 750-800 square feet. Units include central air, a washer and dryer, a dishwasher, and separate water heaters, furnaces, gas meters, electric meters, and utility billing. The building also includes a two-car garage and substantial outdoor space. A full perimeter drain tile system, sump pump, backup sump pump, and monitoring system provide additional building infrastructure.

The garage was built in 2015, the garden unit was completed in 2018, and the roof was replaced in 2023. The property is directly across from Bickerdike Square dog park, a school, playground, soccer field, baseball field, and track. Restaurants and retail are within walking distance, with access to multiple CTA options, schools, 90/94, and the Loop. An opportunity is identified to add an ADU above the garage, potentially expanding the property to four units.

Key Highlights

  • Three‑unit building with two 1‑bedroom/1 bath apartments and one 2‑bedroom/1bath apartment
  • Each unit is approximately 750‑800 sq. ft. and includes central air, W/D, and a dishwasher
  • Separate water heaters, furnaces, gas meters, electric meters, and utility billing for each unit

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Nursing Home (Bike/Boat/Book/etc) Store Tanning Salon Adult Day Care Bed & Breakfast Supermarket

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

3
Residential units
100%
Occupancy
Yes
Highway access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

4,189
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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?
Triplex - Individual utility metering, in-unit laundry, and dedicated parking support efficient multifamily operations.
Where is this triplex located?
The property is located at 1468 W Ohio Street Chicago, IL.
What is the asking price?
The asking price for this property is $830,000.
What are key features of this property?
This property features: Three‑unit building with two 1‑bedroom/1 bath apartments and one 2‑bedroom/1bath apartment; Each unit is approximately 750‑800 sq. ft. and includes central air, W/D, and a dishwasher; Separate water heaters, furnaces, gas meters, electric meters, and utility billing for each unit
More about this property
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