7,200 sq ft
Commercial: Mixed Use - MLS# 12355340
Tools & Resources:
Description
Located in the heart of Chicago's historic Little Italy neighborhood, this fully gut-renovated mixed-use property presents an exceptional investment opportunity on one of the best blocks of Taylor Street. Completed in 2020, the building features four expansive residential units-each offering four bedrooms and outfitted with high-end, luxury finishes. Residents enjoy gourmet kitchens with quartz countertops and stainless steel appliances, spa-inspired bathrooms, in-unit laundry, and generous living spaces. Large private balconies and a rooftop deck provide ideal outdoor amenities, enhancing tenant appeal and rental value. The ground floor houses a commercial space that is leased to a thriving cafe on a 10-year lease, delivering stable, long-term income. Just minutes from UIC, this turnkey asset offers a rare combination of location, quality, and dependable cash flow in one of Chicago's most vibrant and high-demand neighborhoods.
Features
- Property Type: Commercial
- Sub Type: Mixed Use
- Listing Status: Active
- County/Area: Cook County
- Zip Code: 60607
- Year Built: 1907
- Sq.Ft.: 7,200 sq ft
- Stories: 3
- Units: 5 units
- Zoning: MULTI
- # Of Apts: 4
- # Of Dryers: 4
- # Of Ranges: 4
- # Of Refrigs: 4
- # Of Stores: 1
- # Of Washers: 4
- Approximate Age: Older
- Building Area Total: 7200
- Built Before 1978 (Y/N): Yes
- Construction Materials: Brick, Wood, Frame
- Cooling: Central Air
- Directions: ASHLAND SOUTH TO TAYLOR EAST TO PROPERTY
- Electric: Circuit Breakers, Separate Meters, Service - 201 to 600 Amps
- Electric Expense: 395
- Fire Protection: Fire Extinguisher/s, Carbon Monoxide Detector(s)
- Foundation Details: Stone
- Geographic Locale: Downtown Chicago
- Gross Income: 231890
- Gross Rent Multiplier: 9.3
- Gross Scheduled Income: 236491
- Heat/Ventilation: Gas
- Information: List Broker Must Accompany
- Insurance Expense: 6242
- Location: Central Business District
- Lot Size Square Feet: 3201
- Main Type: Commercial Sale
- Misc Outside: Balcony/ies, Patio, Security Gate, Security Lighting, Storms and Screens (as exist), Sun Deck
- Operating Expense: 50011
- Other Expense: 25755
- Ownership Type: Land Trust
- Property Sub Type: Mixed Use
- Roof Structure: Flat
- Tax Annual Amount: 16419
- Tax Year: 2023
- Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat
- Total Annual Expense Source: Owner Projection
- Total Monthly Income: 19324
- Township: West Chicago
- Water Expense Source: Broker Projection
- Water Sewer Expense: 1200
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