Property Overview

Interra Realty has been exclusively engaged to market for sale 1152 W. Taylor Street, a 5 unit mixed-use asset in Chicago's highly desirable UIC /Little Italy neighborhood. The subject property, owned by the same family for 20+ years, consists of one (1) ground floor retail space, currently occupied by the popular cafe Two Shades Cafe, and four (4) apartments above. The apartments are one- and two-bedroom units and feature modern layouts complete with in unit washer / dryer and individual HVAC.

The investment opportunity presents an opportunity to acquire a cash flow asset on one of Chicago's most historic streets. Rarely a vacancy in the apartments, there is opportunity to increase the rents to a market rate in line with neighboring properties and increase cash flow.

Note: 1154 W. Taylor is owned by the same owner and for sale, separately, but can be sold together as a portfolio.

Highlights

  • Unbeatable Location Along Historic Taylor Street
  • Ideal Mix of 1 and 2 Bedroom Apartments, No Vacancy
  • Strong Commercial Tenant in Two Shades Cafe with 2.5% Annual Increases
  • Rear Parking Garage with (2) Spaces
  • Modern Apartments with Individual Heating Systems and In Unit W/D

Key Details

Sale Price
$1,500,000
Number of Units
Five
Submarket
Little Village / UIC