1335 W. Tayler St
Chicago, IL 60607
Sq. Ft.
1335 W. Tayler St, Chicago, IL 60607 1335 W. Tayler St, Chicago, IL 60607 1335 W. Tayler St, Chicago, IL 60607 1335 W. Tayler St, Chicago, IL 60607 1335 W. Tayler St, Chicago, IL 60607

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Executive Summary

Turnkey new construction investment centrally located on the Taylor Street corridor between Illinois Medical District to the West and University of Illinois Chicago to the East. 2019 construction with a desirable unit-mix, modern in-unit amenities and luxury finishes including in-unit laundry, granite countertops, individual HVAC, private balconies, etc.

The first floor is leased to a national tenant – Insomnia Cookies – on a new 10-year net lease providing stable, long-term cash flow. Value-add potential with increases in rent to reflect recent rental comps in the area , finishing out the rooftop deck and monetizing the basement storage area. Low expense ratio with Insomnia responsible for 50% of the property taxes and building insurance.

– 560 acres, 29,000 employees and 50,000 daily visitors. Generated $3.4 billion in economic opportunity. Largest medical district in North America.
– Four major hospitals – Jesse Brown VA Medical Center, Rush University Medical Center, Stroger Hospital of Cook County, and University of Illinois Hospital.
– 22,000 undergrad and 12.000 postgrad students
– UIC is the largest university in the Chicago Metro Area
– No on-campus housing requirements. Only 50% of freshman live in on-campus housing.

Property Location

Chicago » 60607 » 1335 W. Tayler St

Property Details

Status Active
Listing Type For Sale
Property Type Mixed Use
Price $2,650,000
Residential Unit Mix 3
Commercial Unit Mix 1

Broker Contact

Nate Gautsche

Nate Gautsche, CCIM

Mobile: (312) 925-2521

Office: (773) 327-9300

Email: NateG@crer.com

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