1318 W Ohio Street
Chicago, IL, 60642
$550,000
Beds
0 Baths
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0 Acres
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$550,000
1318 W Ohio Street
Chicago, IL, 60642
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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
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Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.

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1318 W Ohio Street
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