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1411 W Taylor St

4 Unit Block of Flats £1,795,723 (£448,931/Unit) 7.43% Net Initial Yield Chicago, IL 60607

Investment Highlights

  • Turnkey and Fully Occupied
  • NNN Commercial Tenant
  • Steps from UIC Campus and Rush Medical
  • All Residential Units Have Four Bedrooms
  • 7.5% Y1 Cash-on-Cash

Executive Summary

Kiser Group is pleased to present 1411 W Taylor for sale, a five unit mixed-use building located near University of Illinois Chicago (UIC) and Rush University Medical Center. The building was recently gut renovated to include luxury finishes, individual mechanicals and a rooftop deck with views of downtown Chicago. The property is located on one of Chicago's most storied streets, with thriving storefronts and restaurants. The purchase of 1411 W Taylor presents a new owner with the opportunity to acquire a turnkey asset with high single digit cash-on-cash returns and in an area with intrinsic tenant demand from UIC and Rush Medical Center.

Property Facts

Price £1,795,723
Price Per Unit £448,931
Sale Type Investment
Net Initial Yield 7.43%
No. Units 4
Property Type Residential
Property Subtype Apartment
Building Class C
Lot Size 0.07 AC
Building Size 7,200 SF
Number of Floors 3
Year Built/Renovated 1912/2020
Walk Score ®
Walker's Paradise (94)
Transit Score ®
Excellent Transit (74)
Bike Score ®
Biker's Paradise (95)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
17-17-325-017-0000
Land Assessment
£14,061
Improvements Assessment
£65,164
Total Assessment
£79,225

zoning

Zoning Code B3-2
B3-2
  • Listing ID: 33312723

  • Date on Market: 26/09/2024

  • Last Updated:

  • Address: 1411 W Taylor St, Chicago, IL 60607

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