Located in the heart of Chicago's historic Little Italy neighborhood, this fully gut-renovated mixed-use property presents an exceptional investment opportunity on one of the best blocks of Taylor Street. Completed in 2020, the building features four expansive residential units-each offering four bedrooms and outfitted with high-end, luxury finishes. Residents enjoy gourmet kitchens with quartz countertops and stainless steel appliances, spa-inspired bathrooms, in-unit laundry, and generous living spaces. Large private balconies and a rooftop deck provide ideal outdoor amenities, enhancing tenant appeal and rental value. The ground floor houses a commercial space that is leased to a thriving cafe on a 10-year lease, delivering stable, long-term income. Just minutes from UIC, this turnkey asset offers a rare combination of location, quality, and dependable cash flow in one of Chicago's most vibrant and high-demand neighborhoods.
1907Year Built
3,201 sq ftLot Size
$295Price/Sq.Ft.
Listed by Tyler Weekes• Star Realty & Management
Bought with Josephine Wang• Concentric Realty Inc.
The primary purpose of the B3, Community Shopping district is to accommodate a very broad range of retail and service uses, often in the physical form of shopping centers or larger buildings than found in the B1 and B2 districts. In addition to accommodating development with a different physical form than found in B1 and B2 districts, the B3 district is also intended to accommodate some types of uses that are not allowed in B1 and B2 districts. The B3 district is intended to be applied to large sites that have primary access to major streets. It may also be used along streets to accommodate retail and service use types that are not allowed in B1 and B2 districts.
Permitted uses
Include but are not limited to:
Automotive repair garage
Day care facility
General retail
Restaurant
Housing-Senior
Warehouse
Mixed use building
Office
Medical office
Veterinary clinic
Mar 10, 2023 • Final
Residential
Electrical
Mar 9, 2023 • Final
Residential
Electrical
New construction
Plumbing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Interior
Equipment
# Of Ranges: 4
# Of Washers: 4
# Of Dryers: 4
Washer/Dryer Lsd (Y/N): No
Exterior
Building Information
# of Units: 5
Built Before 1978 (Y/N): Yes
Roof Structure: Flat
Foundation Details: Stone
Construction Materials: Brick, Frame
Property Information
Property Type: Mixed Use
Ownership Type: Land Trust
Parcel Number: 17173250170000
Lot Information
Dimensions: 107 BY 30
Frontage Type: City Street
Zoning: MULTI
Financial
Tax Information
Tax Annual Amount: $16,419
Tax Year: 2023
Financial Information
Finance Code: Cash
Gross Rent Multiplier: 9.3
Total Monthly Income: $19,324
Gross Income: $231,890
Utilities
Utility Information
Electric: Circuit Breakers, Separate Meters, Service - 201 to 600 Amps
Heating & Cooling
Heat/Ventilation: Gas
Cooling: Central Air
Location
Location Information
Township: West Chicago
Directions: ASHLAND SOUTH TO TAYLOR EAST TO PROPERTY
Public facts
Beds: 10
Baths: 5.5
Sq. Ft.: 5,329
Stories: 3.0
Lot Size: 3,201 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1910
Year Renovated: —
County: Cook County
APN: 17173250170000
Home facts updated by county records on Sep 16, 2026
Other
Expense Information
Water Sewer Expense: $1,200
Water Expense Source: Broker Projection
Electric Expense: $395
Insurance Expense: $6,242
Listing Information
Possession: Closing
Some Photos Virtually Staged?: No
Around this home
Schools
Smyth J Elementary School
Public PreK-8 • Assigned • 0.5mi
2/10
Wells Community Academy High School
Public 9-12 • Assigned • 2.1mi
1/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 99° expected this year, 13 days in 30 years
2/10 Wind Factor
0% chance of strong winds in next 30 years
4/10 Air Factor
5 unhealthy days expected this year, 7 days in 30 years
Provided by First Street
Historical weather
Chicago, IL • 60607
Average low and high temperatures (°F)
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52
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38
24
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Sun exposure
40/ 100
Low sunlight
Sunscore
There appears to be significant shading by surrounding buildings, terrain, and vegetation.