Essex Realty Group, Inc. has been exclusively engaged to market for sale 911 S. Claremont Ave., a recently renovated 3-unit apartment property in a prime Tri-Taylor location. The Tri-Taylor Historic District is a rapidly developing neighborhood that’s growing demand stems from the continued expansion of both the University of Illinois at Chicago and the Illinois Medical District directly to the east. This offering presents investors an opportunity to acquire a low-maintenance renovated asset with significant rental upside in an increasingly popular location.
The Subject Property consists of two (2) 2 Bed/1 Bath units and one (1) completely renovated 2 Bed/1 Bath garden unit. Each unit features hardwood floors, quartz or granite countertops, stainless steel or white appliances, central heat and air-conditioning, a private deck and in-unit laundry. The property also includes three (3) exterior parking spaces and a recently renovated gorgeous yard.
Located just north of Taylor St. and east of Western Ave., the building is situated less than 1 mile from the Illinois Medical District, which encompasses Rush University Medical Center, Cook County Hospital & the University of Illinois Chicago. As a whole, the Illinois Medical District has over 2,700 medical students, more than 25,000 employees and nearly 30,000 undergraduate students across the three institutions. Local residents may also enjoy many of the well-known and established restaurants in the area, as well as many neighboring parks, both large and small. Additionally, Whitney Young High School, one of the best public schools in Chicago, is located less than 1.5 miles away and would be an easy commute for a younger student.
Tri-Taylor is a robustly diverse neighborhood situated roughly 3.5 miles west of Chicago’s Loop. The area is considered a pocket neighborhood of the larger University Village/Little Italy area; known for its historic significance, quiet environment, and continued growth over the past several years. Taylor Street is the nearest main retail thoroughfare and is home to many local cafes, retailers, and restaurants. Taylor Street has a large cultural presence, and many native Chicagoans will instantly recognize the namesake as it is home to some of Chicago’s most well-known Italian restaurants.
The property is situated less than 1 mile from the Illinois Medical District, which encompasses Rush University Medical Center, Cook County Hospital & the University of Illinois Chicago. As a whole, the Illinois Medical District has over 2,700 medical students, more than 25,000 employees and nearly 30,000 undergraduate students across the three institutions. Local residents may also enjoy many of the well-known and established restaurants in the area, as well as many neighboring parks, both large and small. Additionally, Whitney Young High School, one of the best public schools in Chicago, is located less than 1.5 miles away and would be an easy commute for a younger student.
- Recently Renovated, Low-Maintenance Asset
- Increase Rents Significantly in As-Is Condition
- Prime Tri-Taylor Location, Less Than One Mile to University of Chicago & Illinois Medical District
- Great for Investors and/or Live-In Owner
- Three (3) Exterior Parking Spaces and Beautiful Yard
- Walking Distance to Western CTA Blue Line, Plus Several Local Bus Stops