Essex Realty Group, Inc. is pleased to announce the sale of 1321-1331 W. Taylor St., a 10-unit mixed-use property and adjacent 4,700 square foot parking lot in the heart of Little Italy. The Subject Property is comprised of three (3) studio apartments, six (6) 2 Bed/1 Bath apartments, one (1) 4,315 square foot retail space, and the adjacent 4,700 square foot parking lot. The property is located in one of Chicago’s oldest and most established neighborhoods and is situated within walking distance to the University of Illinois Chicago’s (UIC) campus.
Essex led an extensive marketing campaign resulting in multiple tours and offers.
Little Italy is a culturally rich neighborhood situated roughly 2.5 miles west of the loop and nestled just south of I-290 (The Eisenhower). The neighborhood of Little Italy has long been recognized as a living legacy of Chicago’s Italian-American past with many homes, buildings, restaurants and shops that have been in families for generations. Additionally, it’s located between Rush’s Medical Campus and University of Illinois, Chicago’s (UIC) student campus, both of which infuse the area with a very youthful energy.
The property is located in the heart of the neighborhood, on Taylor Street, where most of the area’s generational retail and restaurants are located. On this street you’ll find some of the neighborhood staples like Mario’s Italian Lemonade, The Original Al’s Italian Beef (#1), and Pompei. However you’ll also find more nationally recognized retail which speaks to the growth and strength of commerce the neighborhood has supported over a long period of time.
For transportation, the property’s convenient location makes commuting all around the city quite easy. Aside from the near distance to Chicago’s central business district, The Pink Line (Polk) (L) and Blue Line (Racine) (L) are each roughly a half mile away and the property is in extremely close proximity to numerous bus stops.
- Mixed-Use Property in Heart of Little Italy Between Rush Medical Campus and UIC Student Campus
- 9 Residential Units, 1 Commercial Unit, 1 Parking Lot
- Favorable B3-2 Commercial Zoning Allows for Variety of Development Opportunities
- Immediate Access to Bus Routes on Taylor and Nearby Access to Pink and Blue CTA (L) Lines