127 W Taylor St - Apartments FOR SALE


Grant Park, IL 60940
$650,000 USD
815-592-7502
127 W Taylor St, Grant Park, IL for Sale
$650,000 USD
Apartments - FOR SALE
1/14
null | Request Cap Rate

127 W Taylor St
Grant Park, IL 60940


OVERVIEW

This mixed-use property offers significant income potential with 7 apartments, approximately 3,000 SF of office space, and 5,449 SF of light warehouse. Of the 7 apartments, there is 1 three-bedroom, 3 two-bedroom, and 3 one-bedroom apartments. The gorgeous offices are turnkey; complete with 6 high-quality workstations with desks, chairs, phones, headsets, monitors, keyboards, computers, and a server, with room for additional workstations. Super high ceilings make the office airy & bright. The light warehouse is turnkey also, with professional shelving, shipping computer, equipment and supplies. Heating is gas forced air heating in the office, warehouse, and apartments 1 & 2, and electric baseboard heating in the remaining units. Central air serves the office, warehouse, and apartments 1 & 2, while window units provide cooling for rest of the apartments. The roof is 8-9 years old, and the property presents a tremendous opportunity for investors seeking a versatile income-producing asset with both commercial and residential components. . Built in 1920, the right two-thirds of the building were fully renovated 17 years ago-down to the studs, including all new electric, plumbing, and HVAC-while the five apartments were updated individually as tenants moved out, ensuring modern, move-in ready living spaces.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$62 USD /SF

# OF UNITS

7

PRICE/UNIT

$92,857

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1973

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,590 SF

ZONING

-

APN/PARCEL ID

01-04-19-413-004

ASK ABOUT THIS PROPERTY

Greg LeutloffMcColly Bennett Commercial AdvantageMore Info
815-592-7502

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Greg LeutloffMcColly Bennett Commercial AdvantageMore Info
815-592-7502

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.