1335 W Taylor Street, Chicago, IL 60607 | MLS 12053387 | Listing Information | J.W. Reedy Realty
FOR SALE
$2,650,000

1335 W Taylor Street
Chicago, IL 60607

Mixed Use, Business Opportunities
Commercial
7,540
Sq. Ft.
0.058
Acre Lot
Courtesy: Chicago Real Estate Resources
J.W. Reedy Realty> Illinois> Chicago> 60607
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).
12053387
Commercial - Mixed Use, Business Opportunities, 3+ Story
2019
Cook
0.058 Acres
4
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

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Courtesy: Chicago Real Estate Resources
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