Property for Sale: 5028 W 31st, Cicero, IL 60804

$1,189,000
$1,189,000
5028 W 31st, Cicero, IL 60804
$1,189,000
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Price:
$1,189,000
$36,000 - 08/04/2024

Type Commercial
Year Built 1914

City Cicero
County Cook

MLS 12034189
Status Active
BROKER OWNED. ***2 units of 6 are prepaid 12 months in advance; buyer will receive a substantial credit at closing for prepaid rent; See additional info for rent rolls and prepayment credit.**** 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. Building is fully occupied with paying long term tenants. Apartment rents total $10,050 per month, the parking spaces rent for a total of $225 per month, storage spaces currently renting for total of $365 per month, so the building collects a grand total of $10,640 per month. Additionally, the owner holds a total of $11,250 in 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. 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.

Room Features

Basement Description Crawl, Cellar

Lot & Building Features

Construction Wood Frame
Cooling None
Tax Year 2022
Lot Dimensions 5626 ft

Price History of 5028 31st, Cicero, IL

Date Name Price Difference
08/04/2024 Price Adjustment $1,189,000 2.94%
05/21/2024 Price Adjustment $1,225,000 2.00%
12/31/1969 Listing Price $1,250,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
Photo of Bill Biros
Bill Biros
Broker/Owner
Direct: 708-237-7711
Office
3580 W 95th Street
Evergreen Park, IL 60805
708-422-0011
Listed by Skydan Real Estate Sales, LLC, Victor Postillion
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1%
6.75%
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5028 31st (MLS #12034189) is a commercial listing located in Cicero, IL. This property was listed on 04/24/2024 and has been priced for sale at $1,189,000.

Nearby zip codes are 60402, 60623, 60632, 60638 and 60647. This property neighbors other cities such as Berwyn, Chicago, Oak Park and Stickney.

Midwest Real Estate Data

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Skydan Real Estate Sales, LLC