2448 W Taylor St.

FANTASTIC INVESTMENT OPPORTUNITY in the heart of HOT Tri-Taylor rental market, minutes from the Chicago Medical Center, L Blue Line Station, I-290 Access & more! Updated legal 3-unit building on a tree-lined street near transit, Little Italy, Cinespace & UIC; tons of new developments in the area! All three units updated 2018-2020 with condo-quality finishes throughout. Be sure to view the 3D virtual tours to see inside each unit & view more details! Each unit is equipped with central HVAC, private laundry, stainless steel appliances, dishwashers & garbage disposals. This property features a two-car garage with storage beneath, fenced front & back yard, and shared patio area. Exterior tuckpointing refresh completed 2020-2022, new garage roof in 2020, main building roof silver-coated in 2020. Building is fully occupied, yielding $61,800 in annual gross income at an 8.96% market cap rate; with room for a 10-15% rent increase per unit plus potential income from unused garage space & abundant storage areas. Historically very minimal downtime/vacancy in this area due to prime location & abundant nearby tenant pool (med center, college, highway & train access). Unit B: 3-bed/1-bath, Unit 1: 2-bed/1-bath, Unit 2: 4-bed/1-bath. Most recently rented unit (B) had 20+ applications within 1 week on the market. This is a great opportunity for an armchair investor or owner occupant!! PLEASE VIEW 3D VIRTUAL TOURS OF EACH UNIT PRIOR TO REQUESTING A SHOWING to minimize disruption to tenants. This listing is back on the market because the last buyer under contract had cold feet!