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$985,000
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Property Description
INVESTORS! Solid brick mixed-use building in a prime location of Bridgeport. Zoning B3-2. 1 Commercial, 3 residential units above. The ground floor COMMERCIAL SPACE with established business connecting to a back unit one-bedroom apartment with a central heating/cooling system which is a perfect live/work unit. The spacious second floor has a spacious 4 bedroom/1bath with central heating/cooling system along with in-unit washer/dryer. Hallway has extra storage rooms that can be rented out to tenants or included in rent with a unit. The third floor has 2 units (front and rear) and each unit features 2 bedrooms / 1 bath with wall heat units. There is a full basement providing a ton of storage space and connected to central heat and air. Spacious backyard leading to the 3 car garage. NEAR IIT, UIC, Chinatown, Downtown, and all major highways. Healy Elementary School district. Property is near restaurants, CVS, public transportation, grocery stores, etc. Market rents are higher than current collected. Potential for higher ROI.
Full Property Details
Full Property Details for 535 W 31st St
General
- Price: $985,000
- Taxes: $16,876 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12672345
Additional Information
- Security/Safety: Carbon Monoxide Detector(s)
Location
- Area: CHI - Bridgeport
- County: Cook
- Driving Directions: W 31st Street to Parnell. Corner of S Parnell and W 31st.
- Location Details: Chicago South
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air, Wall Unit
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Foundation: Concrete Perimeter
- Stories/Levels: 3
- # of Stores: 3
- Year Built: 1883
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 3,125
- Lot Dimensions: 25 x 125
Financial Considerations
- Insurance Fee: $5,651
- Security Deposit: Carbon Monoxide Detector(s)
- Assessment Year: 1883
- Tax Amount: $16,876.21
- Tax Year: 2024
- Tenant Pays: Air Conditioning, Electricity, Heat
Disclosures and Reports
- Property ID: 17331040110000
Listed by Landmark & Property Group, Inc
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Schools
Schools serving 535 W 31st St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Healy Elementary School 3010 South Parnell Avenue, Chicago, IL 60616 | PK-8 | 0.1 mi |
Tilden Career Communty Academy High School 4747 South Union Avenue, Chicago, IL 60609 | 9-12 | 2.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Tax History
Tax History for 535 W 31st St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$9,270
—
$84,000
91%
2023
$9,270
3%
$43,938
—
2022
$9,037
-8%
$43,938
-10%
2021
$9,853
13%
$49,000
25%
2020
$8,703
-4%
$39,066
-13%
2019
$9,022
2%
$44,904
—
2018
$8,870
-15%
$44,904
-8%
2017
$10,488
7%
$48,719
—
2016
$9,758
9%
$48,719
—
2015
$8,928
11%
$48,719
13%
2014
$8,017
2%
$43,210
—
2013
$7,859
1%
$43,210
—
2012
$7,754
—
$43,210
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 535 W 31st St
535 W 31st Street, Chicago, IL 60616 (MLS# 12672345) is a Commercial property. 535 W 31st Street is currently listed for $985,000 and was received on June 08, 2026. Want to learn more about 535 W 31st Street? Do you have questions about finding other Commercial real estate for sale in Bridgeport? You can browse all Bridgeport real estate or contact a Coldwell Banker agent to request more information.

