Please reload the page to update with the latest MLS information available.

Please reload the page to update with the latest MLS information available.

Please reload the page to update with the latest MLS information available.

Reload
 
Listing provided courtesy of Skydan Real Estate Sales, LLCMREDas Distributed by MLSGrid- MLS# 12034189MLS Provider

5028 W 31st PlaceCicero, IL 60804

Commercial · 15 Beds · 7,250 Sq. ft.
$899,000 Active

5028 W 31st Place Overview

Time on Site:
796 days
Visits:
2

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.

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map

5028 W 31st Place Facts & Features

  • Type Commercial
  • Sq. ft. 7,250
  • Price/Sq.ft. $124

Details

General

Association/HOA

  • Association Fee Includes: None

Income/Expenses

  • Other Expense: 1500
  • Electric Expense: 500
  • Fuel Expense: 0
  • Gross Income: 128880
  • Gross Scheduled Income: 128880
  • Insurance Expense: 4000
  • Maintenance Expense: 0
  • Net Operating Income: 101827
  • Operating Expense: 28300
  • Trash Expense: 2800
  • Water Sewer Expense: 3000

Building Information

  • Year Built: 1914

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: Cicero
  • Township: Cicero

Rent/Lease Information

  • Tenant Pays: Electricity, Heat, Hot Water

Tax Information

  • Tax Annual Amount: $15,253.00
  • Tax Year: 2022

General Information

  • Parcel Number: 16332020160000
  • Possible Use: Multi-Family
  • Property Type: Commercial Sale
  • Zoning: MULTI

Interior

Building Interior

  • Building Area Total: 7250

General Information

  • Basement: Crawl Space, Cellar
  • Cooling: None
  • Stories: 2

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 5626

Building Exterior/Construction

  • Construction Materials: Wood, Brick, Frame, Other
  • Roof: Composition, Membrane

General Information

  • Number Of Units Total: 6

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Beds Total: 4
  • Baths Total: 2
  • Units Total: 1

Unit 2 Details

  • Unit Type: Unit 2
  • Beds Total: 2
  • Baths Total: 1
  • Units Total: 1

Unit 3 Details

  • Unit Type: Unit 3
  • Beds Total: 3
  • Baths Total: 2
  • Units Total: 1

Unit 4 Details

  • Unit Type: Unit 4
  • Beds Total: 2
  • Baths Total: 1
  • Units Total: 1

Unit 5 Details

  • Unit Type: Unit 5
  • Beds Total: 2
  • Baths Total: 1
  • Units Total: 1

Unit 6 Details

  • Unit Type: Unit 6
  • Beds Total: 2
  • Baths Total: 1
  • Units Total: 1

Unit 7 Details

  • Unit Type: Unit 7
  • Beds Total: 0
  • Units Total: 1

5028 W 31st Place Neighborhood

Community

60804 (CICERO) Demographics

32
Median Age
10,436
Population Density (per sq. mile)
15%
College Educated
$53,750
Estimated Median Income
11,773
Estimated Total Home Owners
10,935
Estimated Total Renters
52% / 48%
Estimated Owner / Renter Divide
4
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

5028 W 31st Place Monthly Cost

$
$ %
%
$
$
Jeremy Woods
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

5028 W 31st Place Market Data

Based on the last 30 days in this zip code

$288,473
Average List Price
$215
Average Price per Square Foot
9
Properties Sold
66
Average Days on Market
68
Properties for Sale
Calculations provided by Reliance Network

5028 W 31st Place History

Date Event Value Agent
2/15/2026Source: MRED Status Change
Active
2/10/2026Source: MRED Price Reduction
$899,000 -5.4%
2/10/2026Source: MRED Status Change
Re-activated
11/3/2025Source: MRED Status Change
Active
10/29/2025Source: MRED Price Reduction
$950,000 -2.6%
10/29/2025Source: MRED Status Change
Price Change
9/24/2025Source: MRED Status Change
Active
9/19/2025Source: MRED Price Reduction
$975,000 -2.5%
9/19/2025Source: MRED Status Change
Price Change
8/18/2025Source: MRED Status Change
Active
8/13/2025Source: MRED Price Reduction
$1,000,000 -4.3%
8/13/2025Source: MRED Status Change
Price Change
5/27/2025Source: MRED Status Change
Active
5/22/2025Source: MRED Price Reduction
$1,045,000 -3.7%
5/22/2025Source: MRED Status Change
Price Change
4/13/2025Source: MRED Status Change
Active
4/8/2025Source: MRED Price Reduction
$1,085,000 -8.7%
4/8/2025Source: MRED Status Change
Price Change
1/28/2025Source: MRED Status Change
Active
1/22/2025Source: MRED Status Change
Re-activated
8/9/2024Source: MRED Status Change
Active
8/4/2024Source: MRED Price Reduction
$1,189,000 -2.9%
8/4/2024Source: MRED Status Change
Price Change
5/26/2024Source: MRED Status Change
Active
5/21/2024Source: MRED Price Reduction
$1,225,000 -2.0%
5/21/2024Source: MRED Status Change
Price Change
4/29/2024Source: MRED Status Change
Active
4/24/2024Source: MRED Added to Database
April 24, 2024
6/20/2022Source: MRED Added to Database
January 27, 2022