1140 W Taylor St

Chicago, IL 60607

$1,200,000
Last Sold Price
Beds
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Updated 3 flat building with student tenants under lease through 7/31/25. 8 total bedrooms with the second and third floors each having 4 bedrooms and 2 full bathrooms. 2nd generation restaurant located in the commercial space on the first floor. Type 1 hood and black iron currently in place. See Offering Memorandum under additional documents. These units stay occupied due to high demand for student housing in this neighborhood with the University of Illinois at Chicago campus so close and this property...Updated 3 flat building with student tenants under lease through 7/31/25. 8 total bedrooms with the second and third floors each having 4 bedrooms and 2 full bathrooms. 2nd generation restaurant located in the commercial space on the first floor. Type 1 hood and black iron currently in place. See Offering Memorandum under additional documents. These units stay occupied due to high demand for student housing in this neighborhood with the University of Illinois at Chicago campus so close and this property has excellent proximity to downtown Chicago and the Lakefront. This is an excellent cash flowing opportunity and value add property. The commercial space is also available for lease.
  1. Listed by Michael Galvan • Baird & Warner

Property Details for 1140 West Taylor Street

Area
CHI - Near West Side
Township
West Chicago
LISTING UPDATED: 01/24/2025 02:01 AM

Property Details for 1140 West Taylor Street

StatusClosed
MLS #11869114
Days on Market376
Taxes$14,608 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1893
Lot Size0.07 AC / 3,000 SF
CountyCook County
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Building Information for 1140 West Taylor Street

Stories3Residences3Year Built1893Lot Size0.07 AC / 3,000 SF

Payment Calculator

$7,505 per month

30 year fixed, 6.845% Interest

Principal and Interest

$6,287

Property Taxes

$1,217

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1140 West Taylor Street

General Information
Location and General Information
  • Geographic Locale: Chicago West
  • Information: List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Individual
  • Electric: Circuit Breakers
  • Heat/Ventilation: Central Heat/Indiv Controls
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 2
Property/Lot Information
  • Tenant Pays: Other
  • Built Before 1978: Yes
  • Approximate Age: New Rehab
  • Lot Dimensions: 25 X 120
  • Lot Size Square Feet: 3000.0
  • Stories: 3
  • Fire Protection: Fire Extinguisher/s
  • # Of Offices: 0
  • # Of Stores: 1
  • Property Sub Type: Mixed Use
Property and Assessments
  • Public Document Count: 1
  • Document Date: 2024-07-31T21:22:36
  • Photos Count: 12
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 3
Income & Expenses
  • Electric Expense: $5,000.00
  • Fuel Expense: $.00
  • Gross Income: $141,432.00
  • Gross Scheduled Income: $141,432.00
  • Insurance Expense: $2,000.00
  • Total Monthly Income: 11786
  • Other Expense: $1,500.00
  • Trash Expense: $.00
  • Water Sewer Expense: $1,500.00

Property History for 1140 West Taylor Street

DateEvent & SourcePriceAppreciation
Jan 22, 2025

Sold

MRED #11869114

$1,200,000
Jan 8, 2025

Sold (Public Record)

Public Record #1549270105

$1,200,000

+3.6% / yr

Oct 14, 2024

Pending

MRED #11869114

Oct 14, 2024

Contingent

MRED #11869114

Sep 16, 2024

Price Change

MRED #11869114

$1,250,000
Nov 20, 2023

Price Change

MRED #11869114

$1,425,000
Oct 5, 2023

Listed (Active)

MRED #11869114

$1,500,000
May 11, 2017

Sold (Public Record)

Public Record #596552948

$912,500
Jul 29, 2016

Expired

MRED #09233429

$975,000
May 20, 2016

Listed (Active)

MRED #09233429

$995,000
Apr 6, 2016

Cancelled

MRED #09111500

$995,000
Apr 2, 2016

Listed (Active)

MRED #09111500

$995,000
Dec 31, 2015

Expired

MRED #08992022

$1,050,000
Jul 24, 2015

Listed (Active)

MRED #08992022

$1,100,000
DateEvent & SourcePrice
01/22/2025

Sold

MRED #11869114

$1,200,000
01/08/2025

Sold (Public Record)

Public Record #1549270105

$1,200,000

+3.6% / yr

10/14/2024

Pending

MRED #11869114

10/14/2024

Contingent

MRED #11869114

09/16/2024

Price Change

MRED #11869114

$1,250,000
11/20/2023

Price Change

MRED #11869114

$1,425,000
10/05/2023

Listed (Active)

MRED #11869114

$1,500,000
05/11/2017

Sold (Public Record)

Public Record #596552948

$912,500
07/29/2016

Expired

MRED #09233429

$975,000
05/20/2016

Listed (Active)

MRED #09233429

$995,000
04/06/2016

Cancelled

MRED #09111500

$995,000
04/02/2016

Listed (Active)

MRED #09111500

$995,000
12/31/2015

Expired

MRED #08992022

$1,050,000
07/24/2015

Listed (Active)

MRED #08992022

$1,100,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1140 West Taylor Street

Taxable ValueLand$13,099Additions$55,900Total$68,999
Tax Record2023$14,608 ($1,217 / month)
Home Facts
Baths3.5Total Finished SqFt4,032 SqFtAbove Grade Finished SqFt4,032 SqFtStories3Lot Size2,911 SqFtStyleMulti-Family Res (5+ Units)Year Built1891CountyCOOKAPN17-17-417-044

Schools near 1140 West Taylor Street

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - K to 8
Public - K to 8
Rating
School
Distance
Smyth J Elementary School
PublicPK to 8

Wells Community Academy High School
Public9 to 12

Chicago World Language Academy
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Baird & Warner

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 01/24/2025 02:01 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.