Two-Unit Brick
2312 W Taylor Street Chicago Chicago, IL 60612
2312 W Taylor Street Chicago, Chicago, IL, 60612
$899,900
For Sale
$899,900
Classic two-unit brick building with private back parking accessed via an alley, with both units on month-to-month tenancies.
Property Size3,620 SF
Price / SF$248.59
Days on Market16
Property Features for 2312 W Taylor Street Chicago
General Information
- Standard status
- Active
- Size
- 3,620 SF
- Property subtype
- Two to Four Units
Building Details
- Year Built
- 1883
Listing agency
(847) 558-6808
Listed by
Jaycee Ochoa
(847) 558-6808
Source
Remaxadream
Added: Jul 8 Updated: Jul 22 at 2:14PM Checked: Jul 22 at 2:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jaycee Ochoa
Investment Insights
Based on property information with market context.
This beautifully maintained classic 2-unit brick building is configured as two separate units within the property. Both units are currently occupied under month-to-month arrangements, providing continuity for an investor and flexibility for an owner-occupant. Private parking is available at the back of the building with alley access.
The property is located in the Tri-Taylor neighborhood, just steps from the Medical District and UIC campus. It also offers convenient access to restaurants, shops, and public transportation options.
The building’s core income and use profile is supported by its two-unit residential configuration, in-place tenants, and off-street parking arrangement via alley access.
The property is located in the Tri-Taylor neighborhood, just steps from the Medical District and UIC campus. It also offers convenient access to restaurants, shops, and public transportation options.
The building’s core income and use profile is supported by its two-unit residential configuration, in-place tenants, and off-street parking arrangement via alley access.
Key Highlights
- Classic 2‑unit brick building built in 1883
- Finished full walk‑out basement
- Total of 9 bedrooms and 4 full baths across both units
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $91.2k | $25.20 |
| − Vacancy | −$5.0k | −$1.39 |
| EGI | $86.2k | $23.81 |
| − OpEx | −$25.9k | −$7.14 |
| NOI | $60.3k | $16.67 |
3,620 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$862.1K
$754.3K – $1.01M
NOI $60,345 @ 7.0% cap · market cap 6.71%
Second Best
Apartment 5plus
$792.7K
$693.7K – $924.9K
NOI $55,492 @ 7.0% cap · market cap 6.17%
Theoretical Best
Office A
$1.71M
$1.49M – $1.99M
NOI $119,477 @ 7.0% cap · market cap 13.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Classic two-unit brick building with private back parking accessed via an alley, with both units on month-to-month tenancies.
Where is this duplex located?
The property is located at 2312 W Taylor Street Chicago Chicago, IL.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Classic 2‑unit brick building built in 1883; Finished full walk‑out basement; Total of 9 bedrooms and 4 full baths across both units
