$550,000
1318 W Ohio Street
Chicago, IL, 60642
Seller will consider offers contingent upon rezoning at Purchaser’s sole cost and expense to RT4, RT4.5, RM5, B2-2 or B3-2. There is abundant precedence in immediate area and recent zoning changes on the block within that last 12 months. Records from 1940’s indicate a past multi unit building. Adjacent 1322 available for purchase at $1,200,000 (sold separate or as package 2 pins) offers further opportunity to scale existing structure tandem 6 unit in combination with new build. Taxes are senior freeze. Deck structure encroaching onto 1318 lot is not required for 1322 Building as was set up based on sellers pseudo use of combined 1N and 1S units. All pond features, pavers, flower beds, pergola, etc.. would be stripped down and removed in the case of a lot development sale by seller. Currently functions as a peaceful urban oasis on 24′ x 127.48′ lot zoned RS3 and populated by mature pear and quince trees, koi pond ten-feet in diameter complete with fountain, established ornamental vines, vibrant perennials, fruiting trees, and shrubs, and dedicated raised beds
Property Details
Price:
$550,000
MLS #:
MRD11998075
Status:
Active
Beds:
0
Baths:
0
Address:
1318 W Ohio Street
Type:
Land
City:
Chicago
Listed Date:
Mar 6, 2024
State:
IL
ZIP:
60642
Schools
School District:
299
Elementary School:
Otis Elementary School
High School:
Wells Community Academy Senior H
Interior
Cooling
None
Heating
None
Laundry Features
None
Exterior
Financial
Buyer Agent Compensation
2.5% – $495 ON NET SALE% of Net Sale Price
Tax Year
2022
Taxes
$3,762
Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.
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Courtesy of North Clybourn Group, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Chicago, IL. Detailed information about real estate listings held by brokerage firms other than Compass / The Debra Dobbs Group include the name of the listing broker. Neither the listing company nor Compass / The Debra Dobbs Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Chicago, IL. All rights reserved.
1318 W Ohio Street
Chicago, IL
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