Cicero, IL 60804 5028 W 31st Place

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Presented By: Skydan Real Estate Sales, LLC
  • MLS# 12034189
  • 04/24/2024
  • Request Tour
  • Request Info
  • Beds • 15
  • SQFT • 7,250
  • Garage • 2

Home Details

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.
Presented By: Skydan Real Estate Sales, LLC

Interior Features for 5028 W 31st Place

Other Interior Features

BasementCrawl Space, Cellar

General for 5028 W 31st Place

Additional Parcels Y/NNo
Association Fee IncludesNone
Cap Rate9.75
CityCicero
Construction MaterialsWood, Brick, Frame, Other
CoolingNone
CountyCook
DirectionsCicero avenue to 31st West to 50th Court, and South to property
Electric Expense500
Fuel Expense
Gross Income128880
Insurance Expense4000
MLS AreaCicero
Maintenance Expense
ModificationTimestamp2025-08-13T21:00:01.640Z
Net Operating Income101827
Number Of Units Total6
Operating Expense28300
Possible UseMulti-Family
Property TypeCommercial Sale
Property TypeMulti Family 5+
RoofComposition, Membrane
Standard StatusActive
StatusPrice Change
Stories Count2
Tax Annual Amount15253
Tax Year2022
Tenant PaysElectricity, Heat, Hot Water
TownshipCicero
Trash Expense2800
Water Sewer Expense3000
Year Built1914
ZoningMULTI

Exterior for 5028 W 31st Place

Building Area Total7250
Lot Dimensions5626

Additional Details

Price History

Client Care

Price $1,000,000
MLS#12034189
List Date 04/24/2024
Property Type Multi-Family
Phone 847.485.2500
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