Homes for sale - 5028 W 31st PL, Cicero, IL 60804

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Sara Latta-Young

saralattayoung@gmail.com +1(815) 685-5090

$ 1,189,000

Est. payment | -/mo

7,250 SqFt

Save

$ 1,189,000

Est. payment | -/mo

Save

7,250 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 7,250 sqft

Price per Sqft $164

MLS Listing ID 12034189

Year Built 1914

Annual Tax Amount $15,253

Tax Year 2022

Lot Dimensions 5626

Property Description

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.

Location

State IL

County Cook

Area Cicero

Zoning MULTI

Interior

Cooling None

Fireplace N

Exterior

Roof Type Composition,Membrane

Building

Dwelling Type Multi Family 5+

Level or Stories 2

Structure Type Wood Frame

Others

HOA Fee Include None

Listed by Victor Postillion • Skydan Real Estate Sales, LLC

+1(815) 685-5090

saralattayoung@gmail.com

25027 Thornberry Drive Plainfield, IL 60544

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5028 W 31st PL Cicero, IL 60804