ON MARKET – MULTI-FAMILY
Tri-Taylor Apartments Chicago, IL
NEIGHBORHOOD
Tri-Taylor
PRICE
$3,580,000
NUMBER OF UNITS
12
CAP RATE
5.69%
PROPERTY LISTED

Essex Realty Group, Inc. has been engaged to exclusively market for sale a portfolio of apartment units located in Chicago's Tri-Taylor neighborhood. The portfolio consists of Four (4) 3-Flat apartment buildings located at 2516 W. Harrison St., 2518 W. Harrison St., 2520 W. Harrison St., and 2537 W. Congress Pkwy. An investor has the opportunity to acquire each property individually or all four buildings as a whole.

The properties are newly constructed (2017/18) with brick exterior and condo quality finishes in the interior. The individual units are two bedroom / two bath units that include high-end cabinetry, stainless-steel appliances, quartz countertops, individual HVAC, hot water heaters, hardwood flooring, in-unit laundry, and much more.

LOCATION DETAILS

The subject property is conveniently located in the heart of Chicago’s Tri-Taylor neighborhood. Tri-Taylor, the western end of Taylor Street’s Little Italy, consists of the roughly triangular area bordered by Congress Parkway to the North, Ogden Avenue to the East, Roosevelt Road to the South, and railroad tracks to the West. The Tri-Taylor neighborhood is regularly considered to be one of Chicago’s most diverse communities and its proximity to the UIC campus makes it a great place for students to reside.

The 3-flat portfolio sits on the corner of Harrison St. and
Denvir Ave. in a low density pocket accompanied by small apartments, new developments, condominium buildings, and high-end single-family homes. The immediate pocket surrounding the subject properties is primarily residential with major commercial corridors nearby along Western Ave and Taylor St.

A short walk from Little Italy and Taylor Street, the Tri-Taylor neighborhood is home to some of the best Italian restaurants and bakeries in the city of Chicago. The Tri-Taylor neighborhood is also conveniently situated not too far from the delicious restaurants of Chicago’s Greek Town on Halsted.

Additional modes of public transportation include the numerous CTA bus stops along Harrison St. and Western Ave. The Western Blue line station is a 5-minute walk from the subject properties allowing a relatively easy and convenient commute to downtown Chicago’s Business District.

HIGHLIGHTS
  • Immaculate, New Construction Properties
  • Condominium Quality
  • 2 Bed / 2 Bath Units
  • Chef-Style Kitchens
  • Quartz Countertops
  • High-End Finishes
  • Individual Tenant Paid Utilities
  • Parking
  • Close Proximity to the Western Blue Line Stop
LISTING BROKERS
Steven Livaditis
Principal
773.305.4840
Joe Scheck, CFA
Director
773.305.4842