UNDER CONTRACT – MULTI-FAMILY
1321-1331 W. Taylor St. Chicago, IL 60607
NEIGHBORHOOD
Little Italy
PRICE
Call for details
NUMBER OF UNITS
10
PROPERTY LISTED

Essex Realty Group, Inc. has been exclusively engaged to market for sale 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 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.

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 offering presents a variety of value-add strategies in existing condition. Additionally, a developer could take advantage of the property’s R3-2 zoning to present a multitude of creative development projects, which might serve both the longstanding generational population and the student population.

1321-1331 W. Taylor Street provides walkable access (.5 miles or less) to more than 20 restaurants, bars, and cafes. The UIC Student Campus and Rush’s Medical Campus are also easily walkable and accessible (approx .5 miles). Transportation is readily available via the Racine Blue Line Stop (.5 miles) and the Polk Link Line Stop (.6 miles) both a convenient 10-minute walk. Furthermore, several bus stops are located on the corner of Racine Ave and Taylor St providing almost immediate access to the city in all directions.

LOCATION DETAILS

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.

HIGHLIGHTS
  • 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
LISTING BROKER
Matt Feo
Director
224.305.4102