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$899,000
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Property Description
BROKER OWNED. 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. Parking spaces (2), and storage spaces (7) available at garage and driveway for rent . Additionally, the owner holds generous 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. All units have been remodeled since 2016. 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.
Full Property Details
Full Property Details for 5028 W 31st Pl
General
- Price: $899,000
- Taxes: $15,253 (2022)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12034189
- Updated: 2/16/2026
- Added to Site: 667 day(s) ago
Interior
- Basement: Crawl Spac
Location
- Area: Cicero
- County: Cook
- Township: Cicero
- Driving Directions: Cicero avenue to 31st West to 50th Court, and South to property
Community
- Assoc. Fees Include: None
Heating & Cooling
- Cooling Type: None
- Heating Type: Forced Air, Gas
Utilities
- Trash: 2800
Structural Information
- Construction: Wood, Brick, Frame, Other
- Exterior Const.: Wood, Brick, Frame, Other
- Basement: Yes
- Basement Desc.: Crawl Space, Cellar
- Roof: Composition, Membrane
- Stories/Levels: 2
- Square Feet: 7,250
- Year Built: 1914
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 6
- Units w/Range/Oven: 6
- # Dryers: 1
Lot Features
- Lot Dimensions: 5626
- Potential Use: Multi-Family
- Zoning: MULTI
Financial Considerations
- Insurance Fee: $4,000
- Operating Expenses: $28,300
- Other Fee: $1,500
- Assessment Year: 1914
- Tax Amount: $15,253
- Tax Year: 2022
- Tenant Pays: Electricity, Heat, Hot Water
- Pays Electric: 500
- Pays Trash: 2800
Disclosures and Reports
- Property ID: 16332020160000
Listed by Skydan Real Estate Sales, LLC
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Schools
Schools serving 5028 W 31st Pl
School Districts:Cicero School District 99, J. Sterling Morton High School District 201
| Name | Grades | Distance |
|---|---|---|
Unity Jr High School, Cicero, IL 2115 South 54th Avenue, Cicero, IL 60804 | 7-8 | 1.2 mi |
J Sterling Morton Freshman Center 1801 South 55th Avenue, Cicero, IL 60804 | 9- | 1.5 mi |
J Sterling Morton East High School 2423 South Austin Boulevard, Cicero, IL 60804 | 10-12 | 1.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5028 W 31st Pl
Date
Details
Price
Change
Source
2/10/2026
Price Reduced
$899,000
-5.37%
MLS
10/29/2025
Price Reduced
$950,000
-2.56%
MLS
9/19/2025
Price Reduced
$975,000
-2.5%
MLS
8/13/2025
Price Reduced
$1,000,000
-4.31%
MLS
5/22/2025
Price Reduced
$1,045,000
-3.69%
MLS
4/08/2025
Price Reduced
$1,085,000
-8.75%
MLS
8/05/2024
Price Reduced
$1,189,000
-2.94%
MLS
5/21/2024
Price Reduced
$1,225,000
-2%
MLS
4/24/2024
Listed
$1,250,000
706.45%
MLS
5/12/2015
Sold
$155,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 5028 W 31st Pl
Year
Property Taxes
Change
Tax Assessment
Change
2023
$13,689
-10%
$40,464
16%
2022
$15,253
1%
$34,925
—
2021
$15,076
3%
$34,925
—
2020
$14,658
4%
$34,925
23%
2019
$14,109
3%
$28,493
—
2018
$13,737
4%
$28,493
—
2017
$13,241
40%
$28,493
47%
2016
$9,426
1%
$19,372
—
2015
$9,314
4%
$19,372
—
2014
$8,966
2%
$19,372
-8%
2013
$8,760
4%
$20,956
—
2012
$8,418
—
$20,956
—
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 5028 W 31st Pl
5028 W 31st Place, Cicero, IL 60804 (MLS# 12034189) is a Commercial property. 5028 W 31st Place is currently listed for $899,000 and was received on April 24, 2024. Want to learn more about 5028 W 31st Place? Do you have questions about finding other Commercial real estate for sale in Cicero? You can browse all Cicero real estate or contact a Coldwell Banker agent to request more information.

