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5028 W 31st Place, Cicero, IL 60804
$1,189,000
5028 W 31st Place, Cicero, IL 60804View this property at 5028 W 31st Place, Cicero, IL 60804
5028 W 31st PlaceCiceroIL60804
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Property 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.
Full Property Details
Full Property Details for 5028 W 31st Pl
General
- Price: $1,189,000
- Taxes: $15,253 (2022)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12034189
- Updated: 8/10/2024
- Added to Site: 145 day(s) ago
Parking
- Parking Features: 1 to 5 Spaces, Assigned Spaces, Fee Parking, Parking-Street
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 Frame
- Exterior Const.: Brick, Frame, Other
- 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 S Morton High School District 201
Rating | Name | Grades | Distance |
---|---|---|---|
Woodbine Elementary School
3003 S 50th Ct, Cicero, IL 60804 | PK-3 | 0.2 mi | |
2115 S 54th Ave, Cicero, IL 60804 | 7-8 | 1.1 mi | |
2423 S Austin Blvd, Cicero, IL 60804 | 9-12 | 1.4 mi | |
1801 S 55th Ave, Cicero, IL 60804 | 9-9 | 1.5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
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
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
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 $1,189,000 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.