5028 W 31st Place, Cicero, IL 60804
Cook County
Key Facts
Description
BROKER OWNED. Large 6 unit multi-family investment property with a large two car garage and storage spaces for rent in garage. The property's interiors have been renovated since purchase in 2015. Parking spaces (2), and storage spaces (7) available at garage and driveway for rent . Additionally, the owner holds generous security deposits. Owner of building pays for water, common electric and garage electric. Tenants pay for their own gas heat, cooking gas, water heat, and electric. All units have been remodeled since 2016. In 2023 the owner replaced all roofing, as well as the hardy board siding from ground level to 6 ft height around the perimeter of the building plus foam board insulation, and fully gutted and rehabbed the largest unit in the building in 2024- a 4 bedroom 2 bathroom (one new full bath was added), installed insulation in ceilings around the building, and added a master walk-in closet to the south lower level unit. Given the substantial rents collected every month, this is a great property for any investor! see photos and additional info.
Property Information
Property Type
Commercial Sale
Sub-Type
Multi Family
Year Built
1914
Stories
2
Living Area
7,250 sq ft
Lot Dimensions
5626
Zoning
MULTI
Days on Market
798
MLS® Listing#
12034189
Property Features
Cooling
Basement
Construction
Roof
Financial Details
Annual Taxes
$14,174
Tax year 2024
Parcel Number
16332020160000
Directions
Cicero avenue to 31st West to 50th Court, and South to property
Affordability Calculator
$179,800
Estimated monthly payment
$4,785/mo
Principal $719,200 · Est. interest $1,003,348 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Cicero, IL
- $377,778
- Median Listing Price
- 29
- Median Days on Market
- 1,280
- Median Sq Ft
- $247
- Median Price / Sq Ft
- 61
- Active Listings
- This home’s price is 138% above the area median.
- Its price per sq ft is 50% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Cicero, IL.
Location
- 5028 W 31st Place, Cicero, IL 60804
Points of Interest in Cicero, IL
Showing the Cicero area map.
Nearby Schools
J Sterling Morton East High School
Secondary · 0.1 mi away
Woodbine Elementary School
Elementary · 0.2 mi away
The Children's Center of Cicero-Berwyn
School · 0.4 mi away
Columbus East Elementary School
Secondary · 0.5 mi away
Cicero Early Childhood Center
School · 0.5 mi away
Columbus West Elementary School
Elementary · 0.5 mi away
Cicero District 99 Early Childhood
School · 0.6 mi away
Infinity High School
Secondary · 0.7 mi away
Multicultural Arts School
Secondary · 0.7 mi away
Drexel Elementary School
Elementary · 0.8 mi away
Social Justice High School
Secondary · 0.8 mi away
Little Village Lawndale High School
Secondary · 0.8 mi away
Cicero School District 99
School · 0.8 mi away
Mary Queen of Heaven
School · 0.8 mi away
Emiliano Zapata Elementary Academy
Elementary · 0.9 mi away
Cicero East Elementary School
Elementary · 0.9 mi away
Cicero West Elementary School
Elementary · 0.9 mi away
Sherlock Elementary School
Elementary · 1.0 mi away
Our Lady of Charity School
School · 1.1 mi away
Corkery Elementary School
Elementary · 1.1 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 5043 W 25th Street, Cicero, IL | $630,000 | — | — | — |
| 5734 W Cermak Road, Cicero, IL | $649,000 | — | — | — |
| 4606 W CERMAK Road, Cicero, IL | $675,000 | — | — | 18,500 |
| 4606 W CERMAK Road, Cicero, IL | $675,000 | — | — | 18,500 |
| 4606 W CERMAK Road, Cicero, IL | $675,000 | — | — | 18,500 |
| 5640 W Cermak Road, Cicero, IL | $699,900 | — | — | 7,000 |
Moving Cost Estimate
EXIT Agents in Cicero
Listing Courtesy: Skydan Real Estate Sales, LLC - 7084500110
Last Updated: 2024-04-24