1226 W 31st Place Chicago, IL $ 1,295,000
1226 W 31st Place
$ 1,295,000
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1226 W 31st Place

Chicago, IL, 60608
$ 1,295,000
Bedrooms12 Baths0.0

Monthly Estimate*

$ 8,079

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Multi-Family Home for sale in Chicago, IL

for $1,295,000 with 12 bedrooms. This home was built in 1888.

Fully Gut Rehabbed 6 unit in rapidly appreciating Bridgeport neighborhood. All 6 units are 2 Bed/1 Bath and have been fully renovated in past 3 years. Fully occupied and turnkey for the next investor. Sit back and enjoy the cashflow! Recently furnished as all Airbnb units for traveling nurses, the building was transitioned back to LTR last year. The building is located on a fantastic and quite side street. It has all new windows, brand new tear off roof less than 18 months old, new sidewalks, turf backyard, tuckpointed brick, and new doors with fully automated keyless locks for easy modern entry. There are 3 units in the front and 3 units in the back with a center entrance in middle on building. There is a massive value-add opportunity in the large, unfinished attic that can easily be turned into 2 additional units with 2 entrances or duplex up to the existing top floor units. The kitchens include all new white cabinets, quartz countertops, marble & glass decorative backsplash, stainless steel appliances, new flooring, and all new lighting. Tenants absolutely love the all-new bathrooms with new white tile and electric makeup mirrors for a modern touch. Each unit enjoys a modern open concept living room/kitchen with all new LVT flooring. Very walkable, one block away from popular 31st St and new restaurants and coffee shops. Don't miss this turnkey investment!

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Multi-Family Active

Price

$ 1,295,000

Bedrooms

12

Property Type

Multi-Family

Taxes

$ 8,651

Style

Multi-Family

Year Built

1888

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12496169

Features
General
Cooling Central Air
Possession Closing
Construction Materials Brick
Year Built 1888
Electric Circuit Breakers
Tenant Pays Air Conditioning Electricity Heat
Stories Count 3
Township West Chicago
Tax Year 2023
Current Use Multi-Family
Gross Income 131160
County Cook
Net Operating Income 111274
Operating Expense 19886
Insurance Expense 5100
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 2136
Status Active
Directions From 31st street turn south on to Racine then west on to 31st Pl
City Chicago
Number Of Units Total 6
MLS Area CHI - Bridgeport
Tax Annual Amount 8651
Electric Expense 300
Fuel Expense 0
Trash Expense 1943
Water Sewer Expense 1960
Additional Parcels Y/N N
Virtual Tour https://dashboard.prestigelistingphotos.com/1226-W-31st-Pl/idx
Standard Status Active
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Exterior
Lot Dimensions 24X125
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* Excluded Features
List By
Exp Realty

Broker

zach@braddockinv.com;Zach@BraddockInv.com

Email

Affordability Calculator

$8,800
Per Month
92%
8%
0%
Monthly Principal & Interest
$8,079
Monthly Property Taxes
$721
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
10/15/2025$1,295,000 Listed Price

Map


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1226 W 31st Place, Chicago, IL, 60608 is a Multi-Family Home for sale at $1,295,000. 1226 W 31st Place has 12 bedrooms, 0.0 baths, and was built in 1888. The property's zip code is 60608 which is in Chicago, IL