5028 W 31st Place, Cicero, IL 60804

Active · For Sale · Multi Family 5+

$899,000

5028 W 31st Place, Cicero, IL 60804

Units
6
Price / Unit
$149,833
Est. Cap Rate
10.77%
Est. GRM
7.38

Property Overview

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.

Investor Resource

Property Intelligence

Financial Snapshot

Reported Annual Income
$121,860
Reported Annual Expenses
$25,066
Estimated NOI
$96,794
Estimated Cap Rate
10.77%
Estimated GRM
7.38
Annual Taxes
$14,174 (2024)

Property Details

Units
6
Building Size
7,250 SF
Lot Dimensions
5626
Stories
2
Year Built
1914
Building Age
New Rehab
Construction
Wood, Brick, Frame, Other
Roof
Flat, Gable, Metal Decking, Pitched, Composition, Membrane
Zoning
MULTI
Parcel Number
16332020160000

Operations & Utilities

Heating
Forced Air, Gas
Cooling
None
Tenant Pays
Electricity, Heat, Hot Water

Location & Use

County
Cook
Market Area
Cicero
Township
Cicero
Potential Use
Multi-Family

Reported figures come from the listing source. When shown, estimated NOI and cap rate use reported income and expenses; estimated GRM uses asking price and reported income. All figures should be independently verified.