535 W 31st Street Chicago, IL $ 985,000
535 W 31st Street
$ 985,000
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535 W 31st Street

Chicago, IL, 60616
$ 985,000
Bedrooms-- Baths--

Monthly Estimate*

$ 6,065

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Commercial Property for sale in Chicago, IL

for $985,000. This building was built in 1883 on a lot size of 0.07174.

INVESTORS! Solid brick mixed-use building in a prime location of Bridgeport. Zoning B3-2. 1 Commercial, 3 residential units above. The ground floor COMMERCIAL SPACE with established business connecting to a back unit one-bedroom apartment with a central heating/cooling system which is a perfect live/work unit. The spacious second floor has a spacious 4 bedroom/1bath with central heating/cooling system along with in-unit washer/dryer. Hallway has extra storage rooms that can be rented out to tenants or included in rent with a unit. The third floor has 2 units (front and rear) and each unit features 2 bedrooms / 1 bath with wall heat units. There is a full basement providing a ton of storage space and connected to central heat and air. Spacious backyard leading to the 3 car garage. NEAR IIT, UIC, Chinatown, Downtown, and all major highways. Healy Elementary School district. Property is near restaurants, CVS, public transportation, grocery stores, etc. Market rents are higher than current collected. Potential for higher ROI.

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Commercial Active

Price

$ 985,000

Property Type

Commercial

Taxes

$ 16,876

Style

Lot Size

0.07174

Year Built

1883

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12672345

Features
General
Cooling Central Air
Possession Closing
Construction Materials Brick
Year Built 1883
Electric Circuit Breakers
Tenant Pays Air Conditioning Electricity Heat
Stories Count 3
Property Subtype Mixed Use
Tax Year 2024
Gross Income 0
County Cook
Insurance Expense 5651
Property Type Commercial Sale Mixed Use
Status New
Directions W 31st Street to Parnell. Corner of S Parnell and W 31st.
City Chicago
Number Of Units Total 4
MLS Area CHI - Bridgeport
Lot Size Square Feet 3125
Tax Annual Amount 16876.21
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Standard Status Active
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Exterior
Foundation Details Concrete Perimeter
Lot Dimensions 25 X 125
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* Excluded Features
List By
Landmark & Property Group, Inc

Broker

angelasmoy@yahoo.com;angelasmoy@gmail.com

Email

Affordability Calculator

$7,471
Per Month
81%
19%
0%
Monthly Principal & Interest
$6,065
Monthly Property Taxes
$1,406
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
6/9/2026$985,000 Listed Price

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535 W 31st Street, Chicago, IL, 60616 is a Commercial Property for sale at $985,000 with a lot size of 0.07174. 535 W 31st Street was built in 1883. The property's zip code is 60616 which is in Chicago, IL