1311 W Ohio St
- Note the Cap Rate listed is based on the market rent prices**
Property Description
Cross Street is proud to present the exclusive sale of 1311 W Ohio. A 6-unit Multifamily property located in vibrant River West neighborhood. This property presents a rare opportunity to take over a building that been owned for over 60 years by the same family. The building has been taken care of meticulously over the years with constant maintenance to the exterior from newer roofs too tuck pointing on all exterior masonry. All units are currently under rented waiting for an investor who can easily come in and push rents on all units with minimal to no work. The Property consists of a front masonry building with 4 - 1Bed 1Bath plus Den units. Then separated by the private courtyard sits the coach house with 2 - 1Bed 1Bath unit. For the value-added investors, there are more opportunities with the additions of Central A/C and heating, in-unit laundry, and updating all kitchens and baths to all units.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $949,000 |
| No. of Units: | 6 |
| Year Built: | 1890 |
| Lot Size: | 0.07 Acres |
| Opportunity Zone: | No |
| Price per unit: | $158,167 |
| Property Website | Click Here |
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