2448 Taylor Street, Near West Side, Chicago, Illinois 60612
$689,500
|
Sold
|
|
| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 9 |
| Baths: | 0 |
| Year Built: | 1895 |
| Property Taxes: | $6,585 |
| Days On Market: | 1567 |
| Lot Size: | 0,05 |
Description
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!
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 1895 | |
| — | |
| Vinyl Siding, Brick, Stone | |
| — | |
| — | |
| No | |
| 0.05 |
| Cook | |
| — | |
| — / — | |
| — | |
| — | |
| — | |
| — | |
| — | |
| 11466924 | |
| 16134200230000 |
Nearby Schools
| NAME: | DISTRICT: | DISTANCE: | |
|---|---|---|---|
|
Grade School
Jensen Elementary School Olastic |
299 | — | |
|
High School
Manley Career Academy High Schoo |
299 | Not in DB | |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 26 Mar, 2015 | Sold | $310,000 | MRED MLS |
| 2 Mar, 2015 | Under contract | $339,000 | MRED MLS |
| — | Last price change | $359,000 | MRED MLS |
| 12 Sep, 2014 | Listed for sale | $389,000 | MRED MLS |
| 13 Aug, 2020 | Sold | $550,000 | MRED MLS |
| 10 Jul, 2020 | Under contract | $550,000 | MRED MLS |
| 18 Jun, 2020 | Listed for sale | $550,000 | MRED MLS |
| 23 Sep, 2022 | Sold | $689,500 | MRED MLS |
| 26 Aug, 2022 | Under contract | $689,500 | MRED MLS |
| — | Last price change | $709,500 | MRED MLS |
| 17 Jul, 2022 | Listed for sale | $709,500 | MRED MLS |
| 23 Sep, 2026 | Sold | $820,000 | MRED MLS |
| 18 Aug, 2026 | Under contract | $799,000 | MRED MLS |
| 13 Aug, 2026 | Listed for sale | $799,000 | MRED MLS |
Room Specifics
Total Bedrooms: 9
Bedrooms Above Ground: 9
Bedrooms Below Ground: 0
Full Bathrooms: 3
Bathroom Amenities: No Tub
Bathroom in Basement: —
Rooms: —
Other Specifics
| 2 | |
| — | |
| Garage | |
| — | |
| — | |
| — | |
| — | |
| — | |
| 20 X 124.75 | |
| — | |
| — | |
| — | |
| — | |
| Not in DB | |
| — | |
| — | |
| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2015 | $4,534 |
| 2020 | $6,749 |
| 2022 | $6,585 |
| 2026 | $11,090 |
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Listing Provided By
Z to A Realty
