5028 W 31st Place Cicero, IL $ 950,000
5028 W 31st Place
$ 950,000
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5028 W 31st Place

Cicero, IL, 60804
$ 950,000
Bedrooms15 Baths0.0 Sq 7,250

Monthly Estimate*

$ 5,927

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Multi-Family Home for sale in Cicero, IL

for $950,000 with 15 bedrooms. This 7,250 square foot home was built in 1914.

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.

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Multi-Family Active

Price

$ 950,000

Bedrooms

15

Property Type

Multi-Family

Taxes

$ 15,253

Style

Year Built

1914

Town/City

Cicero

County/Region

Cook

MLS | Web ID

12034189

Features
General
Cooling None
Roof Composition Membrane
Zoning MULTI
Association Fee Includes None
Construction Materials Wood Brick Frame Other
Year Built 1914
Tenant Pays Electricity Heat Hot Water
Stories Count 2
Township Cicero
Tax Year 2022
Gross Income 128880
County Cook
Net Operating Income 101827
Operating Expense 28300
Insurance Expense 4000
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 0
Possible Use Multi-Family
Status Active
Directions Cicero avenue to 31st West to 50th Court and South to property
City Cicero
Number Of Units Total 6
MLS Area Cicero
Tax Annual Amount 15253
Electric Expense 500
Fuel Expense 0
Trash Expense 2800
Water Sewer Expense 3000
Additional Parcels Y/N N
Standard Status Active
Cap Rate 10.4
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Interior
Basement Crawl Space Cellar
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Exterior
Building Area Total 7250
Lot Dimensions 5626
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* Excluded Features
List By
Skydan Real Estate Sales, Llc

Broker

vvp@Leadscc.com

Email

Affordability Calculator

$7,198
Per Month
82%
18%
0%
Monthly Principal & Interest
$5,927
Monthly Property Taxes
$1,271
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/29/2025$950,000 -2.56% Price Down
9/19/2025$975,000 -2.50% Price Down
8/13/2025$1,000,000 -4.31% Price Down
5/22/2025$1,045,000 -3.69% Price Down
4/8/2025$1,085,000 -8.75% Price Down
8/5/2024$1,189,000 -2.94% Price Down
5/21/2024$1,225,000 -2.00% Price Down
4/24/2024$1,250,000 Listed Price

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5028 W 31st Place, Cicero, IL, 60804 is a Multi-Family Home for sale at $950,000 with 7,250 sqft. 5028 W 31st Place has 15 bedrooms, 0.0 baths, and was built in 1914. The property's zip code is 60804 which is in Cicero, IL