1411 Taylor StChicago, IL 60607

Property Details for 1411 Taylor St

Year built

1910

Construction

FRAME

Lot size

0.07 AC

Property size (Sq ft)

5,329 SF

Property type

Residential income homes

Property subtype

Small apartment buildings

APN

17-17-325-017

APU

1717325017

Description

This fully occupied, five-unit mixed-use apartment building at 1411 W Taylor St in Chicago, IL, presents a compelling investment opportunity. The 5,400 square foot property boasts recently completed gut renovations, featuring luxury finishes and individual mechanical systems for each unit. All five residential units offer four bedrooms each, ensuring strong rental demand. A desirable rooftop deck provides stunning downtown Chicago views. The building also includes a net-net-net (NNN) commercial tenant, adding to the diversified income stream. Located on a vibrant street with numerous thriving businesses and restaurants, the property benefits from its proximity to both the University of Illinois Chicago (UIC) and Rush University Medical Center, guaranteeing a consistent flow of high-quality tenants. The asking price is $2,295,000, translating to $425 per square foot. Projected first-year cash-on-cash return is 7.5%, making this a turnkey asset with significant potential for long-term growth and high returns in a prime Chicago location. The property's zip code is 60607, and it is situated in Cook County.

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.8691

Longitude

-87.6621

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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