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127 W Taylor St 7 Unit Apartment Building Offered at $650,000 Grant Park, IL 60940
Executive Summary
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 5 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.
The gorgeous offices are turnkey; complete with 5 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.
Property Facts
| Price | $650,000 | Property Type | Multifamily |
| Price Per Unit | $92,857 | Building Size | 6,609 SF |
| Sale Type | Investment | No. Stories | 3 |
| No. Units | 7 | Year Built | 1973 |
| Price | $650,000 |
| Price Per Unit | $92,857 |
| Sale Type | Investment |
| No. Units | 7 |
| Property Type | Multifamily |
| Building Size | 6,609 SF |
| No. Stories | 3 |
| Year Built | 1973 |
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Somewhat walkable
20/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 01-04-19-413-004 | Improvements Assessment | $90,430 |
| Land Assessment | $4,875 | Total Assessment | $95,305 |
Property Taxes
Parcel Number
01-04-19-413-004
Land Assessment
$4,875
Improvements Assessment
$90,430
Total Assessment
$95,305
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127 W Taylor St
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