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$675,000
Property Description
Fully gut-rehabbed in 2024/2025, this turnkey multi-unit opportunity in the heart of the rapidly expanding Illinois Medical District delivers the perfect blend of modern updates and strong income potential. Each spacious unit features 3 bedrooms and 1 bathroom, thoughtfully updated with today's finishes and equipped with in-unit washer and dryer for ultimate tenant convenience. The property boasts a strong rental history and major recent capital improvements, including a completely redone parking area offering up to six parking spaces - a rare and valuable additional income stream in this high-demand location. Ideal for both seasoned investors and savvy house hackers, the flexible layout offers the opportunity to live in one unit while generating income from the others, or fully lease the building for strong cash flow. The full basement presents exciting value-add potential and is ready for your ideas. Located within the Illinois Medical District, the property may offer unique zoning opportunities, including the potential to add an additional unit in the basement (buyer to verify). Ideally positioned in one of Chicago's hottest and fastest-growing neighborhoods, this is a prime opportunity to capitalize on the continued expansion of the IMD, nearby West Loop growth, and strong rental demand.
Full Property Details
Full Property Details for 2223 W Taylor St
General
- Sold For: $675,000
- Taxes: $3,183 (2022)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12543714
Rooms
Bathrooms
- Total Bathrooms: 2
Bedrooms
- Total Bedrooms: 6
Parking
- Total Spaces: 6
- Parking Features: Unassigned, Yes, Owned
Location
- Area: CHI - Near West Side
- County: Cook
- Driving Directions: Damen to Taylor W to property
School Information
- School District: 299
- Midd School District: 299
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Water: Lake Michigan
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: Partially Finished, Full
- Year Built: 1889
- Built Before 1978: Yes
Unit Information
- Units in Building: 2
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 3, 950 SQ. FT. (25.5 x 155)
Financial Considerations
- Parking Included: Yes
- Assessment Year: 1889
- Tax Amount: $3,183.85
- Tax Year: 2022
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 17183290140000
Listed by Baird & Warner
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Schools
Schools serving 2223 W Taylor St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Irving Elementary School, Chicago, IL 749 South Oakley Boulevard, Chicago, IL 60612 | K-8 | 0.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
2223 W Taylor Street, Chicago, IL 60612 (MLS# 12543714) is a Multi-Family property that was sold at $675,000 on June 22, 2026. Want to learn more about 2223 W Taylor Street? Do you have questions about finding other Multi-Family 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.

