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1335 W Taylor Street
Chicago IL 60607 US

$2,650,000

Active Listing ID 12053387
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$2,650,000

Active Listing ID 12053387
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1335 W Taylor Street 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).

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Property Features

  • Facts
  • Property Type: Commercial Sale
  • Property Sub-type: Other

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 2650000
  • unparsedaddress: 1335 W Taylor Street
  • postalcity: Chicago
  • stateorprovince: IL
  • country: US
  • postalcode: 60607
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeunits: Acres
  • livingarea: 7540
  • livingareaunits: Square Feet
  • latitude: 41.869124
  • longitude: -87.660545
  • listagentfullname: Nathan Gautsche
  • listagentemail: nateg@crer.com
  • listagentkey: 3yd-MREDIL-186607
  • listagentmlsid: 186607
  • listagentpreferredphone: 3129252521
  • listagentofficephone: 7733279300
  • listofficekey: 3yd-MREDIL-84644
  • listofficemlsid: 84644
  • disclaimer: Copyright © 2024 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MREDIL
  • yearbuilt: 2019
  • listingcontractdate: 2024-05-10
  • listagenturl: http://www.crer.com
  • countyorparish: Cook
  • parcelnumber: 17173260110000
  • numberofunitstotal: 4
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • waterfrontyn: False
  • architecturalstyle: Other
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -87.660545, 41.869124
  • customfields: {"AlternatePrices":[], "Expenses":[], "ListPriceCurrencyType":"USD", "ListingURL":"https://listings.listhub.net/pages/MREDIL/12053387/?channel=rexren", "LeadRoutingEmail":"nateg@crer.com", "BrokerName":"Chicago Real Estate Resources", "ListingTitle":"Apts/Stores - Chicago, IL", "ListOfficeBrokerMlsId":null, "ListOfficeEmail":"info@crer.com", "ListOfficeAddress1":"800 W. Diversey Pkwy FL 3", "ListOfficeAddress2":null, "ListOfficeCity":"Chicago", "ListOfficePostalCode":"60614", "ListOfficeStateOrProvince":"IL", "ListOfficeCountry":"US", "BuilderPhone":null, "BuilderFax":null, "BuilderEmail":null, "UnparsedAddress":null, "UnitNumber":null, "City":null, "StateOrProvince":null, "PostalCode":null, "Country":null, "ListBrokerageName":"Chicago Real Estate Resources", "ListBrokeragePhone":"(773) 327-9300", "ListBrokerageEmail":"info@crer.com", "ListBrokerageWebsiteUrl":"http://www.crer.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/MREDIL/4eb36b71a10311e0a3de00219b9aa4d8/20110628104045561.png", "ListBrokerageUnparsedAddress":"932 W. Grace Street", "ListBrokerageUnitNumber":null, "ListBrokerageCity":"Chicago", "ListBrokerageStateOrProvince":"IL", "ListBrokeragePostalCode":"60613", "ListBrokerageCountry":"US", "RoomCount":null, "GeocodeOptions":null, "MLSModificationTimestamp":"2024-05-14T16:54:01Z", "Neighborhoods":[{"Name":"CHI - Near West Side", "Description":null}], "Taxes":[{"TaxYear":"2022", "TaxAnnualAmount":30053, "TaxDescription":null}]}
Listing Changed: 6/12/2024 3:32:18 PM GMT
Source Updated Date: 6/18/2024 6:45:58 AM GMT

Courtesy of: Nathan Gautsche, Chicago Real Estate Resources, nateg@crer.com

Copyright © 2024 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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