1335 W Taylor Street , Chicago, IL 60607
Chicago, IL 60607
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 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).
Details
| MLS# | 12053387 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Year | 2019 |
| Days On Site | 259 |
| Listing Provided By | Chicago Real Estate Resources | Nathan Gautsche |
Features
| SQ Feet | 7,540 |
|---|---|
| Story(s) | 4 |
| Units | 4 |
Market Activity 60607
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60607 |
| Area | CHI Near West Side |
| Listing VS Median (in 60607) | |
Price: $2,599,000 low | high Med: $358,650 SqFt: 7,540 low | high Med: 1,327 $ / SqFt: $345 low | high Med: $270 On Site: 259 low | high Med: 15.500000 | |