Essex Realty Group, Inc. is pleased to present 1342-44 West Ohio Street, a six-unit apartment building and adjacent 24’ x 126’ foot lot located in the West Town neighborhood of Chicago. The property has been under the same ownership for over 100 years and has been well-maintained during its ownership.

The building’s unit mix consists of five (5) one-bedroom plus den layouts, and one (1) one-bedroom layouts. The apartments feature hardwood flooring throughout with vintage kitchens and bathrooms. Every apartment unit provides an investor the opportunity to renovate them to include brand new kitchens, bathrooms, mechanicals, HVAC and laundry in-unit.

The adjacent vacant parcel is approx. 24’ by 126’ and zoned RS-3. Under the current zoning, a developer can build a detached single family home. Nearby there are numerous lots that have been up-zoned to RM-4.5/RM-5.

This pocket of West Town is extremely low-density and is considered a top rental market in Chicago. The property benefits from the neighborhoods low vacancy rates, rising rents, close proximity to public transportation, nightlife and schools. An investor or owner user has the rare opportunity to purchase a six flat and adjacent parcel ready for renovation/development.