Last Sold Price
1140 W Taylor St, Chicago, IL 60607

Description

Updated 3 flat building with student tenants under lease through 7/31/25. 8 total bedrooms with the second and third floors each having 4 bedrooms and 2 full bathrooms. 2nd generation restaurant located in the commercial space on the first floor. Type 1 hood and black iron currently in place. See Offering Memorandum under additional documents. These units stay occupied due to high demand for student housing in this neighborhood with the University of Illinois at Chicago campus so close and this property...Updated 3 flat building with student tenants under lease through 7/31/25. 8 total bedrooms with the second and third floors each having 4 bedrooms and 2 full bathrooms. 2nd generation restaurant located in the commercial space on the first floor. Type 1 hood and black iron currently in place. See Offering Memorandum under additional documents. These units stay occupied due to high demand for student housing in this neighborhood with the University of Illinois at Chicago campus so close and this property has excellent proximity to downtown Chicago and the Lakefront. This is an excellent cash flowing opportunity and value add property. The commercial space is also available for lease.
LISTING CLOSED: 01/22/2025 12:00 AM

  1. Listed by Michael Galvan • Baird & Warner
    P: (773)-732-8843 mgalvanrealestate@gmail.com

Property Details for 1140 West Taylor Street

Status
MLS #
11869114
Days on Market
376
Taxes
$14,608 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
Mixed Use
MLS Type
Commercial Sale
Year Built
1893
Lot Size
0.07 AC / 3,000 SF
Area
CHI - Near West Side
Township
West Chicago
Air Conditioning Type
Central Individual

Location

Add your commute

Building Information for 1140 West Taylor Street

Stories3Residences3Year Built1893Building Size-Lot Size0.07 AC / 3,000 SF

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Property Information for 1140 West Taylor Street

General Information
Location and General Information
  • Geographic Locale: Chicago West
  • Information: List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Individual
  • Electric: Circuit Breakers
  • Heat/Ventilation: Central Heat/Indiv Controls
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 2
Property/Lot Information
  • Tenant Pays: Other
  • Built Before 1978: Yes
  • Approximate Age: New Rehab
  • Lot Dimensions: 25 X 120
  • Lot Size Square Feet: 3000.0
  • Stories: 3
  • Fire Protection: Fire Extinguisher/s
  • # Of Offices: 0
  • # Of Stores: 1
  • Property Sub Type: Mixed Use
Property and Assessments
  • Public Document Count: 1
  • Document Date: 2024-07-31T21:22:36
  • Photos Count: 12
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 3
Income & Expenses
  • Electric Expense: $5,000.00
  • Fuel Expense: $.00
  • Gross Income: $141,432.00
  • Gross Scheduled Income: $141,432.00
  • Insurance Expense: $2,000.00
  • Total Monthly Income: 11786
  • Other Expense: $1,500.00
  • Trash Expense: $.00
  • Water Sewer Expense: $1,500.00

Property History for 1140 West Taylor Street

DateEvent & SourcePriceAppreciation
Jan 22, 2025

Sold

MRED #11869114

$1,200,000
Jan 8, 2025

Sold (Public Record)

Public Record #1549270105

$1,200,000

+3.6% / yr

Oct 14, 2024

Pending

MRED #11869114

DateEvent & SourcePrice
01/22/2025

Sold

MRED #11869114

$1,200,000
01/08/2025

Sold (Public Record)

Public Record #1549270105

$1,200,000

+3.6% / yr

10/14/2024

Pending

MRED #11869114

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1140 West Taylor Street

Taxable ValueLand$16,302Additions$68,698Total$85,000
Tax Record2023$14,608 ($1,217 / month)
Home Facts
Beds2Baths3.5Total Finished SqFt4,032 SqFtAbove Grade Finished SqFt4,032 SqFtStories3Lot Size2,911 SqFtStyleMiscellaneous ResidentialYear Built1891Year Renovated1893ZoningB3-2CountyCOOKAPN17-17-417-044-0000

Schools near 1140 West Taylor Street

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - K to 8
Public - K to 8
Rating
School
Distance
Smyth J Elementary School
PublicPK to 8

Wells Community Academy High School
Public9 to 12

Chicago World Language Academy
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 1140 West Taylor Street, Chicago, IL 60607
$1,200,000
3,000
$950,000
2
4,449
2,911
2
2,664
2,911
$930,000
8
3,000
$870,000
3,125
$620,000
5,760

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Baird & Warner

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 01/24/2025 02:01 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.