2448 W Taylor Street

Chicago, Illinois 60612
Closed / MLS #11466924 / Multiple Unit (2-4) / Near West Side
Listing information updated 9/25/2022 at 6:06am
FANTASTIC INVESTMENT OPPORTUNITY in the heart of HOT Tri-Taylor rental market, minutes from the Chicago Medical Center, L Blue Line Station, I-290 Access & more! Updated legal 3-unit building on a tree-lined street near transit, Little Italy, Cinespace & UIC; tons of new developments in the area! All three units updated 2018-2020 with condo-quality finishes throughout. Be sure to view the 3D virtual tours to see inside each unit & view more details! Each unit is equipped with central HVAC, private laundry, stainless steel appliances, dishwashers & garbage disposals. This property features a two-car garage with storage beneath, fenced front & back yard, and shared patio area. Exterior tuckpointing refresh completed 2020-2022, new garage roof in 2020, main building roof silver-coated in 2020. Building is fully occupied, yielding $61,800 in annual gross income at an 8.96% market cap rate; with room for a 10-15% rent increase per unit plus potential income from unused garage space & abundant storage areas. Historically very minimal downtime/vacancy in this area due to prime location & abundant nearby tenant pool (med center, college, highway & train access). Unit B: 3-bed/1-bath, Unit 1: 2-bed/1-bath, Unit 2: 4-bed/1-bath. Most recently rented unit (B) had 20+ applications within 1 week on the market. This is a great opportunity for an armchair investor or owner occupant!! PLEASE VIEW 3D VIRTUAL TOURS OF EACH UNIT PRIOR TO REQUESTING A SHOWING to minimize disruption to tenants. This listing is back on the market because the last buyer under contract had cold feet!

Full Features

Architecture Style:
Row House
Exterior Type:
Vinyl Siding,Brick,Stone
Basement:
Finished
Beds Above Grade:
9
Heating System:
Natural Gas, Electric, Forced Air, Indv Controls
Pool:
No
Age:
100+ Years
Parking Type:
Garage
Parking Spaces:
2
Roof Type:
Rubber,Flat
Room Count:
20
Water Front:
No
Square Feet:
N/A
Lot Size:
Less Than .25 Acre
Acreage:
0.05

Taxes & Assessments

Tax Amount:
$6,585
Tax Year:
2020

Location

Zip Code:
60612
City:
Chicago
County:
Cook

Schools

School District(s):
299
Elementary School:
Jensen Elementary School Olastic
Middle School:
N/A
High School:
Manley Career Academy High Schoo

Listing Office: Z to A Realty

Listing Office Phone: 312.772.5469

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 9/25/2022 at 6:06am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.


Not quite what you are looking for?

Similar listings for sale near 2448 W Taylor Street, Chicago, IL 60612


Like the area?

More homes for sale near 2448 W Taylor Street, Chicago, IL 60612


2448 W Taylor Street is a multiple unit (2-4) which sold for $689,500. 2448 W Taylor Street features 9 bedroom(s) and 3.0 bath(s). This multiple unit (2-4) has been listed on @properties since July 17th, 2022 and was built in 1895. Nearby schools include Jensen Elementary School Olastic and Manley Career Academy High Schoo. The nearest transit stops include Western CTA Blue line and S Western Ave Metra Metra BNSF Railway line. Want to learn more about 2448 W Taylor Street?