5028 31st Place
$1,189,000
15
8
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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...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.
- Listed by Victor Postillion • Skydan Real Estate Sales, LLC
Property Details for 5028 31st Place
Area
Cicero
TownshipCicero
ZoningMULTI
LISTING UPDATED: 08/17/2024 03:34 AM
Property Details for 5028 31st Place
Status | Active |
---|---|
MLS # | 12034189 |
Days on Market | 348 |
Taxes | $15,253 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family 5+ / Flats |
Year Built | 1914 |
Lot Size | 0.13 AC / 5,626 SF |
County | Cook County |
Building Information for 5028 31st Place
Stories2Residences6Year Built1914Building Size-Lot Size0.13 AC / 5,626 SF
Property Information for 5028 31st Place
Property History for 5028 31st Place
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 5028 31st Place
Taxable ValueLand$5,205Additions$29,720Total$34,925
Tax Record2022$15,253 ($1,271 / month)
Home Facts
Baths6Total Finished SqFt6,748 SqFtAbove Grade Finished SqFt6,748 SqFtStories2Lot Size5,628 SqFtStyleMulti-Family Res (5+ Units)Year Built1903CountyCOOKAPN16-33-202-016
Schools near 5028 31st Place
This home is within J S Morton Hsd 201 School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 2 | |||
Public - | 7 to 8 | |||
Public - | 9 | |||
Public - | 10 to 12 |
Rating | School | Distance |
---|---|---|
Woodbine Elementary School PublicK to 2 | ||
Unity Jr High School Public7 to 8 | ||
J Sterling Morton East High School Public10 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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