Chicago, IL 60608 1226 W 31st Place
$1,399,000



24 more

























Presented By: eXp Realty, LLC
Home Details
Fully Gut Rehabbed 6 unit in rapidly appreciating Bridgeport neighborhood. All 6 units are 2 Bed/1 Bath and have been fully renovated in past 3 years. Fully occupied and turnkey for the next investor. Sit back and enjoy the cashflow! Recently furnished as all Airbnb units for traveling nurses, the building was transitioned back to LTR last year. The building is located on a fantastic and quite side street. It has all new windows, brand new tear off roof less than 18 months old, new sidewalks, turf backyard, tuckpointed brick, and new doors with fully automated keyless locks for easy modern entry. There are 3 units in the front and 3 units in the back with a center entrance in middle on building. There is a massive value-add opportunity in the large, unfinished attic that can easily be turned into 2 additional units with 2 entrances or duplex up to the existing top floor units. The kitchens include all new white cabinets, quartz countertops, marble & glass decorative backsplash, stainless steel appliances, new flooring, and all new lighting. Tenants absolutely love the all-new bathrooms with new white tile and electric makeup mirrors for a modern touch. Each unit enjoys a modern open concept living room/kitchen with all new LVT flooring. Very walkable, one block away from popular 31st St and new restaurants and coffee shops. Don't miss this turnkey investment!
Presented By: eXp Realty, LLC
General for 1226 W 31st Place
Additional Parcels Y/NNo
CityChicago
Construction MaterialsBrick
CoolingCentral Air
CountyCook
DirectionsFrom 31st street turn south on to Racine, then west on to 31st Pl
ElectricCircuit Breakers
Electric Expense300
Fuel Expense
Gross Income129000
Insurance Expense5868
MLS AreaCHI - Bridgeport
MaintenanceExpense2136
Net Operating Income35596
Number Of Units Total6
Operating Expense27089
PossessionClosing
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive
StatusActive
Stories3
Tax Annual Amount8651
Tax Year2023
Tenant PaysAir Conditioning, Electricity, Heat
TownshipWest Chicago
Trash Expense1943
Water Sewer Expense1960
Year Built1885
Exterior for 1226 W 31st Place
Lot Dimensions24X125
Additional Details
Price History
