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1335 W Taylor Street, Chicago, IL 60607
$2,650,000
1335 W Taylor Street, Chicago, IL 60607View this property at 1335 W Taylor Street, Chicago, IL 60607
1335 W Taylor StreetChicagoIL60607
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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).
Full Property Details
Full Property Details for 1335 W Taylor St
General
- Price: $2,650,000
- Taxes: $30,053 (2022)
- Status: Active
- Type: Store
- MLS ID: 12053387
- Updated: 5/16/2024
- Added to Site: 13 day(s) ago
Additional Information
- Security/Safety: Alarm Monitored, Fire Extinguisher(s), Sprinklers, Carbon Monoxide Detector(s)
Parking
- Parking Features: 1 to 5 Spaces
Location
- Area: CHI - Near West Side
- County: Cook
- Driving Directions: Across the street from the Little Italy Branch Chicago Public Library. On the south side of the Taylor St between Loomis & Throop.
- Location Details: Downtown Chicago
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air, Gas
Structural Information
- Stories/Levels: 4
- Square Feet: 7,540
- # of Stores: 1
- Year Built: 2019
Unit Information
- Units w/Refrigerators: 3
- Units w/Range/Oven: 3
- # Dryers: 3
Lot Features
- Lot Size (Sq. Ft.): 2,550
- Lot Dimensions: 25 x 102.9
Financial Considerations
- Lease Price: $27
- Operating Expenses: $44,305
- Security Deposit: Alarm Monitored, Fire Extinguisher/s, Sprinklers, Carbon Monoxide Detector(s)
- Assessment Year: 2019
- Tax Amount: $30,053
- Tax Year: 2022
- Tenant Pays: Air Conditioning, Electricity, Heat
Disclosures and Reports
- Property ID: 17173260110000
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Schools
Schools serving 1335 W Taylor St
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
1059 W 13th St, Chicago, IL 60608 | PK-8 | 0.5 mi | |
936 N Ashland Ave, Chicago, IL 60622 | 9-12 | 2.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1335 W Taylor St
Date
Details
Price
Change
Source
5/10/2024
Listed
$2,650,000
657.14%
MLS
3/31/2015
Sold
$350,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1335 W Taylor St
Year
Property Taxes
Change
Tax Assessment
Change
2022
$30,053
33%
$145,615
30%
2021
$22,519
34%
$111,619
49%
2020
$16,763
36%
$75,000
22%
2019
$12,357
180%
$61,301
175%
2018
$4,415
167%
$22,278
191%
2017
$1,653
8%
$7,650
—
2016
$1,532
9%
$7,650
—
2015
$1,402
19%
$7,650
20%
2014
$1,183
2%
$6,375
—
2013
$1,159
1%
$6,375
—
2012
$1,144
—
$6,375
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1335 W Taylor St
1335 W Taylor Street, Chicago, IL 60607 (MLS# 12053387) is a Store property. 1335 W Taylor Street is currently listed for $2,650,000 and was received on May 10, 2024. Want to learn more about 1335 W Taylor Street? Do you have questions about finding other Store real estate for sale in Near West Side? You can browse all Near West Side real estate or contact a Coldwell Banker agent to request more information.