1535 W Ohio Street Chicago, IL 60642 • Residential - Condominium • New

New - 45 Hours Ago
  • 1535 W Ohio Street, Unit 2, Chicago, IL 60642 Main Photo

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Description

INVESTOR'S DREAM - TURNKEY, INCOME-PRODUCING CONDO IN THE HEART OF WEST TOWN! An exceptional opportunity to own an established rental property with reliable, long-term tenants in place through May 2027, generating rental income from day one! With low monthly HOA assessments and a rare assigned exterior parking space, this condo offers an attractive combination of investment potential, convenience, and long-term value in one of Chicago's most desirable neighborhoods. Situated on a beautiful tree-lined street, this West Town condo combines modern comfort with an unbeatable urban lifestyle. Inside, natural light fills the living spaces, highlighting beautiful hardwood floors and a thoughtfully designed open-concept layout. The spacious bedrooms offer comfort and functionality, while the kitchen features granite countertops, stainless steel appliances, and a central island with seating for two - perfect for everyday living and entertaining. Additional conveniences include an in-unit washer and dryer, and an assigned exterior parking space - a rare and highly desirable feature in this sought-after location. Just blocks from neighborhood favorites like Beatnik and Forbidden Root, and surrounded by coffee shops, restaurants, shopping, and convenient public transportation, this location continues to attract renters seeking the best of Chicago living. Whether you're expanding your investment portfolio or purchasing your first rental property, this condo offers a turnkey opportunity with an established rental income stream, low carrying costs, and strong long-term potential. TENANT IN PLACE THROUGH MAY 2027. LOW HOA. ASSIGNED PARKING. INCOME FROM DAY ONE. Don't miss your opportunity to own an income-producing property in the heart of West Town!

Property Highlights

Property Type: Residential - Condominium
Total Living Area SF: 1,100
Built in 2002
Elementary School: Otis Elementary School
High School: Wells Community Academy Senior H
Middle School: Otis Elementary School
Brick Exterior

General Information

Bedrooms: 2
Bathrooms: 2
Sqft: 1,100
County: Cook
High School: Wells Community Academy Senior H
Listed By:
KOMAR 847-737-5037
MRED MLS

Room Information

Bedroom 2: 13X10
Dining Room: COMBO
Kitchen: 15X11
Living Room: 15X12
Primary Bedroom: 15X11
$429,000
Est. $2,977/mo
2beds
2baths
1,100sqft
New to the Market New
BEDS2 BATHS2 full SQUARE FEET1,100 MLS#12799811
STATUSNew PROPERTY TYPEResidential - Condominium SCHOOLDistrict 299

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1535 W Ohio Street, Unit 2, Chicago, IL 60642.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $429,000$429,000$429,000
Down Payment $85,800$15,015$107,250
Monthly Mortgage Amount $2,255$2,732$2,759
Taxes $597$597$597
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$189$0
Monthly Estimated Total $2,977$3,643$3,481

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