1420 West Taylor Street

Chicago, IL 60607

$1,000,000
Last Sold Price
13
Beds
6
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Classic 6 unit building in the heart of Little Italy, UIC and the Medical District. Tremendous opportunity to add value in a top rate location. 3 larger units in the front, 3 units in the rear. Coin operated laundry in the basement. Front basement unit could be converted to an additional unit or a commercial space. 2 car detached garage. Newer back porch. Enjoy your Starbucks coffee in the Joe DiMaggio Park, walk to the the brand new Chicago Public Library. Zoning is B3-2.Classic 6 unit building in the heart of Little Italy, UIC and the Medical District. Tremendous opportunity to add value in a top rate location. 3 larger units in the front, 3 units in the rear. Coin operated laundry in the basement. Front basement unit could be converted to an additional unit or a commercial space. 2 car detached garage. Newer back porch. Enjoy your Starbucks coffee in the Joe DiMaggio Park, walk to the the brand new Chicago Public Library. Zoning is B3-2.

Listing Agent

Property Details for 1420 West Taylor Street

Area
CHI - Near West Side
Num Of Parking Spaces
2.0
Num of Interior Fireplaces
1
Zoning
MULTI

Location

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LISTING UPDATED: 01/28/2022 01:54 PM

Property Details for 1420 West Taylor Street

StatusClosed
MLS #11220316
Days on Market134
Taxes$15,792 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Exterior Entrance
Year Built1900
Lot Size0.06 AC / 2,613 SF
CountyCook County

Location

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Building Information for 1420 West Taylor Street

Stories-Residences6Year Built1900Building Size-Lot Size0.06 AC / 2,613 SF

Payment Calculator

$6,773 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,457

Property Taxes

$1,316

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1420 West Taylor Street

General Information
Addtl Parking Information
  • Indoor Parking: Detached
Location and General Information
  • Frontage Type: City Street
  • Information: 24-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Window Unit(s)
  • # Of Washers: 2
  • Basement Description: Partially Finished, Exterior Access
  • Heat/Ventilation: Wall Unit
  • # Of Refrigerators: 6
  • Washer/Dryer Lsd: No
  • Misc Inside: Laundry Room
  • # Of Dryers: 2
  • # Of Disposals: 0
  • # Of Dishwashers: 0
  • Num of Baths: 6.0
Exterior Features
  • Building Unit Info: No Units Furnished
  • Misc Outside: Security Gate
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Corridor-Exterior Entrance
  • Lot Dimensions: 125 DEEP X 25 WIDE
  • Stories: 3
  • Exterior Building Type: Brick, Stone
  • Construction: Brick, Stone
  • Roof Type: Tar and Gravel
  • Foundation Details: Concrete Perimeter
  • # Of Ranges: 6
  • MRD_UNC: No
Property and Assessments
  • Possible Use: Commercial, Condominium, Multi-Family, Retail
  • Buyer Financing: Conventional
  • Public Document Count: 0
  • Document Date: 2021-10-21T17:28:06
  • Photos Count: 34
Miscellaneous
  • Current Use: Multi-Family
  • Land Amenities: Curbs and Gutters,Security Entrance
  • Location: Public Transport Avail
Virtual Tour/Additional Media
  • Virtual Tour: Image360+realtor
  • Virtual Tour YN: Yes
  • Virtual Tour Date: 09-18-2021
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $480.00
  • Fuel Expense: $1,800.00
  • Gross Income: $85,200.00
  • Gross Scheduled Income: $85,200.00
  • Insurance Expense: $4,800.00
  • Maintenance Expense: $.00
  • Janitor Expense: 0
  • Total Monthly Income: 7100
  • Net Operating Income: $59,448.00
  • Operating Expense: $25,752.00
  • Other Expense: $.00
  • Trash Expense: $480.00
  • Water Sewer Expense: $2,400.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 2
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 1
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 2
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 1
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 1420 West Taylor Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1420 West Taylor Street

Taxable ValueLand$13,500Additions$72,500Total$86,000
Tax Record2021$16,141 ($1,345 / month)
Home Facts
Baths3Total Finished SqFt4,950 SqFtAbove Grade Finished SqFt4,950 SqFtStories3Lot Size3,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1898CountyCOOKAPN17-17-318-058

Schools near 1420 West Taylor Street

This home is within City Of Chicago School District 299.
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

Stem Magnet Academy Elementary
PublicK to 8

Jackson A Elementary 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.

Similar Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

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.