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1152 W Taylor Street

Chicago, IL 60607
  • $1,500,000
  • STATUS: Active Under Contract
  • ON SITE: 145 Days
  • MLS #: 11456423
Under Contract
UPDATED: 135 min ago
$1,500,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1893
County:

School Ratings & Info

Description

Incredible income opportunity in PRIME Little Italy location. This mixed-use property sits at a 7% cap rate, higher than many comparable sales. Fully rented with incredible tenants in the four residential units on the 2nd and 3rd levels and coffee shop on the first floor. Approximately 2300 square feet in the commercial space. 2nd floor offers TWO residential rentals (a 2 bed, 1 bath, and a 1 bed,1 bath), and the 3rd floor offers the third and fourth residential rentals (also a 2 bed, 1 bath, and a 1 bed, 1 bath). Many updates throughout all 4 residential units including an IN-UNIT washer/dryer in all 4 + central HVAC! Each unit also comes with private outdoor space and top floor units have incredible skyline views. Steps to the University of Illinois Chicago, shops, restaurants, cafes, and parks. Minutes to Fulton market, downtown Chicago and much more! Perfect location for your next investment!!

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© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Rossi and Taylor Realty Group. Based on information submitted to the MRED as of 2022-11-28T23:57:32.363 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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1152 W Taylor Street Chicago, IL 60607

  • Price: $1,500,000
  • Status: Active Under Contract
  • On Site: 145 Days
  • Updated: 135 min ago
  • MLS #: 11456423
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1893
Built
Neighborhood:
Chi - Near West Side
County:
Cook
Area:
Chi - Near West Side
Property Description
Incredible income opportunity in PRIME Little Italy location. This mixed-use property sits at a 7% cap rate, higher than many comparable sales. Fully rented with incredible tenants in the four residential units on the 2nd and 3rd levels and coffee shop on the first floor. Approximately 2300 square feet in the commercial space. 2nd floor offers TWO residential rentals (a 2 bed, 1 bath, and a 1 bed,1 bath), and the 3rd floor offers the third and fourth residential rentals (also a 2 bed, 1 bath, and a 1 bed, 1 bath). Many updates throughout all 4 residential units including an IN-UNIT washer/dryer in all 4 + central HVAC! Each unit also comes with private outdoor space and top floor units have incredible skyline views. Steps to the University of Illinois Chicago, shops, restaurants, cafes, and parks. Minutes to Fulton market, downtown Chicago and much more! Perfect location for your next investment!!
Exterior Features

Exterior Building Type Brick Foundation Details Concrete Perimeter Frontage Type City Street Parking Total 1 Roof Membrane Roof Structure Flat

Interior Features

Cooling Central Air Flooring Wood Heat Ventilation Central Heat/Indiv ControlsForced AirGas Number Of Dishwashers 0 Number Of Dryers 4 Number Of Ranges 4 Number Of Washers 4

Property Features

Additional Parcels YN No Approximate Age Older Building Area Total 6828 Built Before1978 YN Yes Contingency Financing Continue To Show Yes Current Use Commercial Electric Circuit Breakers Fire Protection None Geographic Locale Chicago West Gross Income 127200 Gross Scheduled Income 127200 Insurance Expense 4644 Location Mixed Use AreaPublic Transport Avail Mls Actual Status Contingent Net Operating Income 104316 Number Of Tenants 5 Operating Expense 22884 Ownership Types Corporation Property Sub Type Apts/Stores Rental Price 21.91 Tax Annual Amount 13341.3 Tax Year 2020 Tenant Pays Air ConditioningElectricityHeatSewer Total Monthly Income 10600 Township West Chicago Type Mixed Use Zoning Commr

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of Berkshire Hathaway Homeservices Chicago: 708-848-5550.


© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Rossi and Taylor Realty Group. Based on information submitted to the MRED as of 2022-11-28T23:57:32.363 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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