1453 West Taylor StreetChicago, IL 60607Price: $2,100,000

  • Price: $2,100,000
  • 113 Days on Market
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Federal 30-year interest rate: 7.29% last updated on Nov 22, 2023
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 1898Year Built

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7.7% cap rate of a five (5) residential unit plus one (1) commercial space property located in the heart of Little Italy/University Village! This ARMCHAIR INVESTMENT is located between the Illinois Medical District and UIC on bustling Taylor St. All of the units have been rehabbed and the property diligently maintained by the current ownership. 100% occupied with excellent collections on market rents and low turnover of residents. All units have Washer/Dryer and mix consists of one 4 Bed/2 Bath; two 3 Bed/2 Bath; two 2 Bed units; & one ground floor storefront. Substantial capital expenditures over the years including plumbing, electric, windows, tuck-pointing, unit rehabs, and more. Great expense ratio for high cash flow. The new investor just needs to sit back and collect rents. Tenants can walk to shops, restaurants, and stores, which also works well for the commercial tenant's business!

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Listed by Matthew Halper of Process Driven Real Estate

Based on information submitted to MRED  as of November 29, 2023 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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