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$450,000 Just Listed
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Property Description
Exceptional investment opportunity in the heart of Cicero! This massive 6,150 sq ft mixed-use building is hitting the market for the very first time, offering endless potential for investors, developers, or owner-occupants looking to create value. The property features three spacious residential units along with a commercial storefront and an additional hall space, making it an ideal income-producing asset with multiple revenue streams. The hall offers added versatility-perfect for events, gatherings, storage, or potential conversion to suit your needs. Each residential unit offers generous layouts, providing the perfect canvas for modernization or customization to meet today's market demands. Situated in a prime, high-visibility location, the commercial space is well-positioned for a variety of business uses, benefiting from steady foot traffic and strong community presence. Whether you envision retail, office, or service-oriented use, the possibilities are wide open. Bring your ideas and transform this unique building into a standout investment tailored to your vision. Opportunities like this don't come around often-schedule your showing and explore the full potential today! SOLD AS IS
Full Property Details
Full Property Details for 5101 W 31st Pl
General
- Price: $450,000
- Taxes: $10,053 (2024)
- Status: Active
- Type: Multi-Family
- Source: MRED
- MLS ID: 12614708
- Updated: Today (4/9/2026)
- Added to Site: Today
Interior
- Basement: Crawl Spac
Rooms
Bathrooms
- Total Bathrooms: 4
- Upper - Full Baths: 4
Bedrooms
- Total Bedrooms: 6
Additional Information
- Other Features: School Bus Service, Commuter Bus
Parking
- Total Spaces: 2
- Parking Features: Driveway, Yes, Owned
Location
- Area: Cicero
- County: Cook
- Township: Cicero
- Driving Directions: SE SEC 28 & NH NE SEC
School Information
- School District: 99
- Elem School District: 99
- Midd School District: 299
- High School District: 201
Heating & Cooling
- Heating Type: Radiator(s)
Utilities
- Sewer: Public Sewer
- Water: Lake Michigan
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Crawl Space, Partial
- Year Built: 1909
- Built Before 1978: Yes
Unit Information
- Units in Building: 3
Lot Features
- Lot Size (Acres): 0.12
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 125 x 45
Financial Considerations
- Assessment Year: 1909
- Tax Amount: $10,053.83
- Tax Year: 2024
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 16332040120000
Listed by Realty of America, LLC
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Schools
Schools serving 5101 W 31st Pl
School Districts:Cicero School District 99, J. Sterling Morton High School District 201
| Name | Grades | Distance |
|---|---|---|
Columbus East Elementary School 3100 South 54th Avenue, Cicero, IL 60804 | 4-6 | 0.4 mi |
Columbus West Elementary School 5425 West 31st Street, Cicero, IL 60804 | PK-3 | 0.4 mi |
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 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5101 W 31st Pl
Date
Details
Price
Change
Source
4/09/2026
Listed
$450,000
—
MLS
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 5101 W 31st Pl
Year
Property Taxes
Change
Tax Assessment
Change
2023
$9,704
-23%
$31,999
-1%
2022
$12,630
1%
$32,338
—
2021
$12,522
2%
$32,338
—
2020
$12,270
8%
$32,338
22%
2019
$11,409
3%
$26,469
—
2018
$11,105
3%
$26,469
—
2017
$10,732
42%
$26,469
47%
2016
$7,551
2%
$18,017
—
2015
$7,401
4%
$18,017
—
2014
$7,150
6%
$18,017
-4%
2013
$6,776
3%
$18,839
—
2012
$6,566
—
$18,839
—
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 5101 W 31st Pl
5101 W 31st Place, Cicero, IL 60804 (MLS# 12614708) is a Multi-Family property with 3 units containing 6 bedrooms and 0 full bathrooms. 5101 W 31st Place is currently listed for $450,000 and was received on April 09, 2026. Want to learn more about 5101 W 31st Place? Do you have questions about finding other Multi-Family real estate for sale in Cicero? You can browse all Cicero real estate or contact a Coldwell Banker agent to request more information.

