1335 West Taylor Street
$2,599,000
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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...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).
- Listed by Nathan Gautsche • Chicago Real Estate Resources
Property Details for 1335 West Taylor Street
Area
CHI - Near West Side
LISTING UPDATED: 10/17/2024 12:07 AM
Property Details for 1335 West Taylor Street
Status | Active |
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MLS # | 12053387 |
Days on Market | 267 |
Taxes | $30,053 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Commercial Sale |
Year Built | 2019 |
Lot Size | 0.06 AC / 2,550 SF |
County | Cook County |
Building Information for 1335 West Taylor Street
Stories4Residences4Year Built2019Lot Size0.06 AC / 2,550 SF
Property Information for 1335 West Taylor Street
Property History for 1335 West Taylor Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1335 West Taylor Street
Taxable ValueLand$11,475Additions$134,140Total$145,615
Tax Record2022$30,053 ($2,504 / month)
Home Facts
Baths8Total Finished SqFt5,978 SqFtAbove Grade Finished SqFt5,978 SqFtStories3Lot Size2,550 SqFtStyleMulti-Family Res (5+ Units)Year Built2017CountyCOOKAPN17-17-326-011
Schools near 1335 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 |
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Smyth J Elementary School PublicPK to 8 | ||
Wells Community Academy High School Public9 to 12 | ||
Stem Magnet Academy Elementary PublicK to 8 | ||
Galileo Elementary Math & Sci Schol Acd 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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