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$1,245,500
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Property Description
Exceptional Mixed-Use Property with Established Restaurant & Apartments for Sale. Prime Opportunity on Busy Taylor Street near University and Hospitals. Discover an outstanding investment and business opportunity with this mixed-use property, ideally located on bustling Taylor Street just steps from major university and hospitals. Fully Occupied Residential Apartments Upstairs. The upper level features two well-maintained 3-bedroom apartments, both fully occupied and generating steady rental income. Each apartment offers comfortable living spaces, making this property a smart choice for investors seeking consistent returns alongside a vibrant business. Turnkey Restaurant-A Proven Success Story. For 25 years, the lower level of this building has been home to a thriving, prime restaurant, renowned for its loyal clientele and exceptional location. The sale includes all restaurant furnishings and fixtures, a fully equipped commercial kitchen, and a spacious dining area-providing an aspiring restaurateur with a true turnkey operation. Whether you dream of owning your own celebrated eatery or wish to expand your portfolio, this restaurant is ready for your vision from day one. This property is available either as a combined package-restaurant and building-or as separate entities, giving buyers the flexibility to tailor their investment to their goals. Contact us today for a private showing or more information. Your next great opportunity awaits! Listing price is only for building, restaurant price call for information.
Full Property Details
Full Property Details for 1517 W Taylor St
General
- Price: $1,245,500
- Taxes: $13,761 (2023)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12430957
- Updated: 8/5/2025
- Added to Site: 171 day(s) ago
Additional Information
- Security/Safety: Fire Extinguisher(s), Smoke or Fire Protectors
Location
- Area: CHI - Near West Side
- County: Cook
- Driving Directions: East of Ashland, West of Loomis, North of Roosevelt Rd.
- Location Details: Chicago Southwest
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Heat/Individual Controls
Structural Information
- Stories/Levels: 3
- # of Stores: 1
- Year Built: 1886
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 2,625
- Lot Dimensions: 25 x 105
Financial Considerations
- Insurance Fee: $375
- Security Deposit: Fire Extinguisher/s, Smoke or Fire Protectors
- Assessment Year: 1886
- Tax Amount: $13,761
- Tax Year: 2023
- Pays Electric: 1100
Disclosures and Reports
- Property ID: 17173240190000
Listed by GMC Realty LTD
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Schools
Schools serving 1517 W Taylor St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Smyth J Elementary School 1059 West 13th Street, Chicago, IL 60608 | K-8 | 0.6 mi |
Wells Community Academy High School 936 North Ashland Avenue, Chicago, IL 60622 | 9-11 | 2.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1517 W Taylor St
Date
Details
Price
Change
Source
7/30/2025
Listed
$1,245,500
170.76%
MLS
12/08/2004
Sold
$460,000
—
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 1517 W Taylor St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$13,761
3%
$64,999
—
2022
$13,415
2%
$64,999
—
2021
$13,114
24%
$64,999
37%
2020
$10,572
-1%
$47,298
-11%
2019
$10,713
-5%
$53,144
-7%
2018
$11,292
-13%
$56,981
-5%
2017
$13,025
8%
$60,296
—
2016
$12,077
9%
$60,296
—
2015
$11,049
16%
$60,296
17%
2014
$9,543
2%
$51,434
—
2013
$9,355
1%
$51,434
—
2012
$9,230
—
$51,434
—
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 1517 W Taylor St
1517 W Taylor Street, Chicago, IL 60607 (MLS# 12430957) is a Commercial property. 1517 W Taylor Street is currently listed for $1,245,500 and was received on July 30, 2025. Want to learn more about 1517 W Taylor Street? Do you have questions about finding other Commercial 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.

