5028 31st Place

5028 31st Place

Cicero, IL 60804

$1,250,000
Price
15
Beds
8
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
a view of street with parked cars
a big building with glass windows
a car parked in front of a white house
a kitchen with kitchen island granite countertop counter space a sink appliances and cabinets
a kitchen with stainless steel appliances kitchen island granite countertop a refrigerator and a sink
a view of a kitchen from the hallway
a view of empty room with wooden floor and fan
a bathroom with a sink toilet and shower
a view of an empty room with wooden floor and a window
an empty room with wooden floor and windows
an empty room with wooden floor and closet
a view of a room with wooden floor and a window
a kitchen with stainless steel appliances a refrigerator and a stove top oven
a kitchen with granite countertop wooden floors stainless steel appliances and window
an empty room with wooden floor and windows
a view of a livingroom with wooden floor
an empty room with wooden floor cabinet and windows
a bathroom with a sink a toilet and bathtub
an empty room with wooden floor and closet
an empty room with wooden floor and windows
an empty room with wooden floor and windows
a bathroom with a sink shower and a bathtub
a view of utility room
a kitchen with stainless steel appliances granite countertop a stove a sink and a microwave
a view of an empty room with wooden floor and a window
an empty room with wooden floor and closet
a view of an empty room with wooden floor
a bathroom with a toilet and a bathtub
a kitchen with granite countertop white cabinets and white appliances
a kitchen with a white stove top oven and sink
a view of an empty room with wooden floor and a window
an empty room with wooden floor and windows
a view of an empty room with wooden floor and a window
an empty room with wooden floor and windows
a bathroom with a sink toilet and shower
a kitchen with a sink a microwave a stove and refrigerator
a kitchen with granite countertop stainless steel appliances a stove a sink a microwave a refrigerator and cabinets
a living room with furniture ceiling fan and a rug
a bed room with a bed and a couch
a view of a room with gym equipment
a bathroom with a toilet and a shower curtain
a view of a hallway with wooden floor and a livingroom
a front view of a house with a yard
a view of a room with wooden floor
a bathroom with a shower
a room with gym equipment
a view of storage and utility room
a utility room with dryer and washer
a view of a house with wooden stairs
a view of a terrace with chairs

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.
  1. Listed by Victor Postillion • Skydan Real Estate Sales, LLC

Property Details for 5028 31st Place

Area
Cicero
Township
Cicero
Zoning
MULTI

Location

Listing Courtesy of Skydan Real Estate Sales, LLC
Add your commute
LISTING UPDATED: 04/30/2024 12:06 AM

Property Details for 5028 31st Place

StatusActive
MLS #12034189
Days on Market13
Taxes$15,253 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Flats
Year Built1914
Lot Size0.13 AC / 5,626 SF
CountyCook County

Location

Listing Courtesy of Skydan Real Estate Sales, LLC
Add your commute

Building Information for 5028 31st Place

Stories-Residences6Year Built1914Building Size-Lot Size0.13 AC / 5,626 SF

Payment Calculator

$8,093 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,822

Property Taxes

$1,271

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5028 31st Place

General Information
Addtl Parking Information
  • Indoor Parking: 1-5 Spaces,Assigned Spaces,Detached,Secured
  • Outdoor Parking: 1-5 Spaces,Assigned Spaces,Fee Parking,Parking-Street
  • Open Parking Spaces: 3.0
Location and General Information
  • Information: 48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: None
  • # Of Washers: 1
  • Basement Description: Crawl, Cellar
  • Heat/Ventilation: Forced Air,Gas
  • # Of Refrigerators: 6
  • # Of Dryers: 1
  • Num of Baths: 8.0
Exterior Features
  • Building Unit Info: No Units Furnished,Storage/Locker Area
  • Misc Outside: Patio
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity, Heat, Hot Water
  • Built Before 1978: Yes
  • Approximate Age: New Rehab
  • Multi-Family Type: Flats
  • Lot Dimensions: 5626
  • Stories: 2
  • Exterior Building Type: Brick, Frame, Other
  • Construction: Wood Frame
  • Roof Type: Composition, Membrane
  • Roof Structure: Flat,Gable,Metal Decking,Pitched
  • Building Area Total: 7250
  • # Of Ranges: 6
Property and Assessments
  • Possible Use: Multi-Family
  • Public Document Count: 3
  • Document Date: 2024-04-23T21:04:28
  • Photos Count: 59
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $500.00
  • Fuel Expense: $.00
  • Gross Income: $127,680.00
  • Gross Scheduled Income: $127,680.00
  • Insurance Expense: $4,000.00
  • Maintenance Expense: $.00
  • Electric Expense Source: Owner Projection
  • Expense Year: 2023
  • Total Annual Expense Source: Actual
  • Insurance Expense Source: Owner Projection
  • Janitor Expense: 0
  • Net Operating Income Year: 2024
  • Other Expense Source: Actual
  • Total Monthly Income: 10640
  • Water Expense Source: Owner Projection
  • Net Operating Income: $100,627.00
  • Operating Expense: $28,300.00
  • Other Expense: $1,500.00
  • Trash Expense: $2,800.00
  • Water Sewer Expense: $3,000.00
Unit 1
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 4
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 1
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 1
Unit 3
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 1
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 1
Unit 5
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 1
Unit 6
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 1
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 1

Property History for 5028 31st Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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
Woodbine Elementary School
Public - K to 2
Unity Jr High School
Public - 7 to 8
J Sterling Morton East High School
Public - 10 to 12
J Sterling Morton Alternative School
Public - 9 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

J Sterling Morton Alternative School
Public9 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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More information about 5028 31st Place, Cicero, IL 60804

5028 31st Place is a multi-family home for sale in Cicero, IL 60804. This property was listed for sale on April 24, 2024 by Skydan Real Estate Sales, LLC, it's currently listed at $1,250,000. It has been on the market for a total of 13 days and was last sold on May 14, 2015. This listing's school districts are J S Morton Hsd 201 School District, Cicero School District 99. Nearby schools include Woodbine Elementary School, Unity Jr High School and J Sterling Morton East High School. 5028 31st Place is a 15-bed, 8-bath, multi-family home built in 1914.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Skydan Real Estate Sales, LLC

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 04/30/2024 12:06 AM. 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.