1335 W Taylor ST, Chicago, IL 60607 – 12053387 - Sara Macak

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Sara Macak

saramacak1@gmail.com +1(630) 207-6658

$2,599,000

Est. payment - /mo

7,540 SqFt

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UPDATED:

10/17/2024 05:07 AM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 7,540 sqft

Price per Sqft $344

MLS Listing ID 12053387

Year Built 2019

Annual Tax Amount $30,053

Tax Year 2022

Lot Dimensions 25X102.9

Property 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).

Location

State IL

County Cook

Area Chi - Near West Side

Interior

Cooling Central Air

Fireplace N

Building

Dwelling Type Mixed Use

Level or Stories 4

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Listed by Nathan Gautsche • Chicago Real Estate Resources

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Sara Macak

Broker | License ID: 475.193648

+1(630) 207-6658