Properties

Features
: Central Air
Address Map
US
IL
Cook
Chicago
60607
Taylor
1335
Street
W88° 20' 22.8''
N41° 52' 9.1''
Across the street from the Little Italy Branch Chicago Public Library. On the south side of the Taylor St between Loomis & Throop.
CHI - Near West Side
CHI - Near West Side
W
W
Additional Information
7540
Circuit Breakers,Separate Meters
Circuit Breakers,Separate Meters
25X102.9
4
4
2650000
4
Chicago Real Estate Resources
Nathan Gautsche
Financial
30053
Listing Information
186607
84644
MRED
Listing Information
Active
2025-01-08T03:05:01Z
2024-10-17T05:05:35Z
Property Description

Turnkey new construction investment centrally located on the Taylor Street corridor between Illinois Medical District to the West and University of Illinois Chicago to the East. 2019 construction with a desirable unit-mix, modern in-unit amenities and luxury finishes including in-unit laundry, granite countertops, individual HVAC, private balconies, etc. The first floor is leased to a national tenant – Insomnia Cookies – on a new 10-year net lease providing stable, long-term cash flow with annual increases. Value-add potential with increases in rent to reflect recent rental comps in the area, finishing out the rooftop deck and monetizing the basement storage area. All three apartments are large 4BR/2BA units. Low expense ratio with Insomnia responsible for 50% of the property taxes and building insurance. Excellent area tenant base to draw from with UIC (34,000 undergrad and post graduate students – largest university in the Chicago Metro Area) and Illinois Medical District (29,000 employees, 50,000 daily visitors and $3.4 billion in economic opportunity – the largest medical district in North America).

Commercial Sale For Sale

1335 W Taylor Street, Chicago, Illinois 60607

$2,599,000
Listing ID#12053387
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Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 12053387
Price : $2,599,000
Year Built : 2019
Listing Status : Active
Property Sub Type : Apts/Stores
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