5028 W 31st Place, Cicero, IL 60804

  • $1,189,000
  • $1,250,000
5028 W 31st Place, Cicero, IL 60804
For Sale
5028 W 31st Place, Cicero, IL 60804
  • $1,189,000
  • $1,250,000

Overview

Property ID: 19818102
  • Commercial Sale
  • Property Type
  • 1914
  • Year Built

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.

  • Address 5028 W 31st Place
  • City Cicero
  • State/county IL
  • Zip/Postal Code 60804
  • Country United States

Details

Updated on August 23, 2024 at 12:03 pm
  • Property ID: 19818102
  • Price: $1,189,000
  • Year Built: 1914
  • Property Type: Commercial Sale
  • Property Status: For Sale
  • Living Area: 7250
  • MLS#: MRD12034189
  • Office Name: SKYDAN REAL ESTATE SALES, LLC
  • Agent Name: Victor Postillion
  • MLS Status: Active
  • Living Area Prefix: SqFt

Additional details

  • List Office MLSID: MRD22592
  • List Agent MLSID: MRD243557
  • List Date: 2024-04-24T21:27:13.000Z
  • Roof: Composition,Membrane
  • Cooling: None
  • Tax Annual: 15253
  • Tax Year: 2022
  • County: Cook

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