Essex Hired To Sell Two Tri-Taylor Mixed-Use Investment Opportunities

Chicago-based multifamily brokerage firm Essex Realty Group, Inc. has been selected to exclusively market two mixed-use properties located in Chicago’s Tri-Taylor neighborhood. The properties are available individually.

1411 W. Taylor Street is a five-unit mixed-use property located on the south side of Taylor Street, just east of Ashland Avenue. The unit mix is comprised of four-bedroom, duplex and simplex apartments, as well as one, ground floor retail space. The units were fully renovated in 2020 and have white shaker cabinetry, stainless steel appliances, and hardwood floors throughout. The bathrooms have been fully updated with beautiful finishes. Each unit also includes individual HVAC, tankless water heaters and in-unit laundry. The opportunity exists for an investor to purchase this turnkey property and continue operating it as-is in this excellent Tri-Taylor location. 1411 W. Taylor Street is listed for sale at $2,300,000 by Essex principals Jim Darrow and Jordan Gottlieb and associate Sarah Rider.

2222 W. Taylor Street is a seven-unit mixed use property located on the north side of Taylor Street, just west of Ogden Avenue. The unit mix is comprised of a mix of two- and four-bedroom apartments plus one ground floor long-term retail tenant. The units have a variety of finishes including hardwood floors, stainless steel appliances, individual gas-forced air furnaces, and additional storage located in the basement. The opportunity exists for an investor to bring rents up to market and continue operating the property as-is, or to update the units by cosmetically improving kitchens and baths and adding in-unit laundry. 2222 W. Taylor Street is listed for sale at $1,625,000 also by the team of Darrow, Gottlieb and Rider.

Both properties are in proximity to the Illinois Medical District, which encompasses Rush University Medical Center, Cook County Hospital and the University of Illinois Chicago.