2244 W Taylor Street Chicago, IL 60612

Fantastic investment opportunity w/ this high-quality 3-flat (built by Senan Nugent) in the heart of the Tri-Taylor area. Well maintained, ALL-BRICK building w/ incredible appreciation potential, due to its close proximity to the Illinois Medical District, West Loop, United Center, downtown Chicago..., highways and public transportation. Unit 1 (middle floor) and unit 2 (top floor) each have 3BD, 1.5BA, 1,200 sqft. Unit G (garden apt) has 2BD, 1BA, 900 sqft. Unit 1 recently remodeled w/ new kitchen, baths, new wood laminate flooring throughout. Kitchen includes new cabinets, quartz countertops, new sink/faucet and all new SS appliances. Estimated rental value is $2600/mo, but this unit is currently vacant to facilitate the sale. New owner has option to move in, or rent out all three units. Unit 2 is rented for $2274/mo. thru July 2025. Unit G is rented for $1993/mo. thru August 2025. Each unit is equipped with central heat and A/C. All units have front and back entrances, and separate gas and electric meters. Tenants pay all utilities, except water/sewer. Shared coin-laundry room behind unit G, with access via rear, ground-level door. The property also includes space for two (2) off-street parking spots in back of bldg--an addntl source of income if utilized. The Tri-Taylor area enjoys fast turnaround on rentals, low vacancy rates and excellent rents due to its prime location and abundant tenant pool from the Illinois Medical District--the largest medical district in North America, w/ four (4) major hospitals, and two (2) medical universities. This area is thriving, with tons of new developments. The neighborhood is also filled with parks and great outdoor recreational areas. Walking distance to Rush Univ Med Ctr, Stroger Cook County Hospital, VA Medical Ctr, UIC campus, Blue line "L" station and multiple CTA bus routes. Minutes to all the restaurants in Little Italy and downtown Chicago, and close to major highways (I-290, I-90/94). This building is professionally managed, and it shows; all mechanicals in good order. Continue reading