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1416 W. Taylor Street 08252554
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TROPHY BUILDING near north west corner of Loomis on Taylor Street by Francesca's Restaurant & the best of services & restaurants of Taylor Street. 3 Story 9 Unit Grey Stone Front & Chicago Brick: 1 Store Front (beauty salon for 25 yrs) & 8-2 Bedroom 1 Bath Residential Apartments. This is a Great opportunity for investor. 2 Bedrm Apart Rental income below market ($600-$950) & can increase significantly with rehab.
1416 W. Taylor Street
Chicago, IL  60607 US
Intersection of Loomis Street (1400 west) & Taylor Street (1000 south)
Community of Taylor Street/Little Italy
Full unfinished basement can be renovated to increase apartment and/or Retail space. Each kitchen has a huge walk-in pantry which can be used to accommodate individual a gas forced air furnace and hotwater heater. The ceilings are high enough to build out duct work. Window, brick work and roof is in very good condition. INCOME: $8,160/MONTH OR $97,920/YR TAX: $8,100/YR. WATER: $488/YR. INSUR: $3,000/YR. ELEC: $500/YR. NET INCOME AFTER TAXES & EXP: $86,808
Fact Sheet:
Listing Type: Sale
Property Type: Multi-Family
Architecture Type: Multi-Family
Year Built: 1904
Price: $1,500,000
Sold Amount: $1,100,000
Stories: 3
Lot Size: 25'x125' acre(s)
Bedrooms: 16 room(s)
Bathrooms: 8.5 room(s)
Garage Size (# of cars): 0
Property Tax: $8,100
Living Room, Dining Room, Basement


Last Updated: 12/17/2014
Listed by Bill Altier of Bill Altier Team Ltd

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Bill Altier
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New West Realty 1413 W. Taylor Street #1 Chicago, IL 60607 | 312-829-2100