1335 West Taylor Street

Chicago, IL 60607

$2,599,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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).
  1. 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

StatusActive
MLS #12053387
Days on Market267
Taxes$30,053 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built2019
Lot Size0.06 AC / 2,550 SF
CountyCook County

Building Information for 1335 West Taylor Street

Stories4Residences4Year Built2019Lot Size0.06 AC / 2,550 SF

Property Information for 1335 West Taylor Street

General Information
Addtl Parking Information
  • Outdoor Parking: 1-5 Spaces
Location and General Information
  • Geographic Locale: Downtown Chicago
  • Information: 48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Circuit Breakers, Separate Meters
  • # Of Washers: 3
  • Heat/Ventilation: Forced Air,Gas
  • # Of Refrigerators: 3
  • # Of Dryers: 3
  • # Of Disposals: 3
  • # Of Dishwashers: 3
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 3
Property/Lot Information
  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Built Before 1978: No
  • Approximate Age: 1-6 Years
  • Lot Dimensions: 25X102.9
  • Lot Size Square Feet: 2550.0
  • Stories: 4
  • Fire Protection: Alarm Monitored,Fire Extinguisher/s,Sprinklers,Carbon Monoxide Detector(s)
  • Building Area Total: 7540
  • # Of Offices: 0
  • Retail SqFt: 1580
  • # Of Ranges: 3
  • # Of Stores: 1
  • Property Sub Type: Apts/Stores
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 5
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $214,490.00
  • Gross Scheduled Income: $214,490.00
  • Insurance Expense: $.00
  • Total Monthly Income: 17874
  • Net Operating Income: $163,750.00
  • Operating Expense: $44,305.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00

Property History for 1335 West Taylor Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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
Smyth J Elementary School
PublicPK to 8

Wells Community Academy High School
Public9 to 12

Stem Magnet Academy Elementary
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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1335 West Taylor Street is a mixed use property for sale in Chicago, IL 60607. This property was listed for sale on May 10, 2024 by Chicago Real Estate Resources, it's currently listed at $2,599,000. It has been on the market for a total of 267 days and was last sold on March 31, 2015. This listing's school district is Chicago Public Schools. Nearby schools include Smyth J Elementary School, Wells Community Academy High School and Stem Magnet Academy Elementary. 1335 West Taylor Street is a 0-bed, 0-bath, mixed use property built in 2019.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Chicago Real Estate Resources

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. Based on information submitted to the MLS GRID as of 10/17/2024 12:07 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.