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5028 W 31st Place,  Cicero IL, 60804

(Active)
$1,250,000
|
7,250 sqft
|
MLS# 12034189
Last Updated: 5/15/2024 8:25 PM
Description for 5028 W 31st Place Cicero, IL 60804
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.
Price
$1,250,000
Cook
7,250 (approx)
12034189
Active
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.
Listing Information
Property Type: Multi-Family, Business Opportunities, 2 Story
7,250 (approx) 1914 2
Brick,Frame Multi-Family
Cicero//
6 Total
Neighborhood
Room Information
Interior Features
None
Crawl Space
Exterior / Lot Features
Brick, Frame
Composition, Membrane
5626
MULTI
Driving Directions
Cicero avenue to 31st West to 50th Court, and South to property
Financial Considerations
16332020160000
$15,253
Listing Price History

Cicero Real Estate

Cicero is located in Illinois. Cicero, Illinois 60804 has a population of 83,787.

The median household income in Cicero, Illinois 60804 is $50,933. The median household income for the surrounding county is $68,916 compared to the national median of $66,222. The median age of people living in Cicero 60804 is 38 years.

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Courtesy: Skydan Real Estate Sales, LLC
Listings courtesy of MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 5/15/2024. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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This content last refreshed on 5/15/2024 8:25 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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