Property for Sale: 1335 W Taylor, Chicago, IL 60607

$2,599,000
$2,599,000
1335 W Taylor, Chicago, IL 60607
$2,599,000
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Price:
$2,599,000
$51,000 - 10/11/2024

Type Commercial
Year Built 2019

City Chicago
County Cook

MLS 12053387
Status Active
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).

Lot & Building Features

Cooling Central Air
Tax Year 2022
Lot Dimensions 25X102.9 ft

Price History of 1335 Taylor, Chicago, IL

Date Name Price Difference
10/11/2024 Price Adjustment $2,599,000 1.92%
12/31/1969 Listing Price $2,650,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
Photo of Erin Cotter
Direct: 773-879-1060
Office
3580 W 95th Street
Evergreen Park, IL 60805
708-422-0011
Listed by Chicago Real Estate Resources, Nathan Gautsche
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1335 Taylor (MLS #12053387) is a commercial listing located in Chicago, IL. This property was listed on 05/10/2024 and has been priced for sale at $2,599,000.

Nearby zip codes are 60608, 60609, 60612, 60616 and 60661.

Midwest Real Estate Data

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Chicago Real Estate Resources