4308 W 31st Street
Chicago, IL 60623

Status: Active
Multi Family
6 beds
0 baths
0 sq.ft
Listing Price: $589,000
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About this home

Nestled within an up and coming neighborhood, this captivating four-unit building seamlessly combines a dynamic storefront with three inviting residential spaces. From the moment one approaches, the building's facade exudes a timeless charm, with large display windows beckoning pedestrians to explore the treasures within. At street level, the spacious storefront awaits, offering a versatile canvas for entrepreneurs to realize their visions of a thriving business. Above, three units offer residents a sanctuary amidst the urban hustle, each unit boasting contemporary comforts they each have their own dining room, kitchen, 2bedrooms and bathroom. With its harmonious blend of commercial and residential spaces, this building stands as a testament to the vibrant energy and endless possibilities. The building also has a basement, attic, and 2 car Garage.

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 91-100 Years
3 Bedroom Unit in Building No
Approx Year Built 1927
Parking Total 2
Exterior Building Type Brick
Parking On-Site Yes
Garage Type Detached
Parking Spaces Count 2
Parking Garage
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - South Lawndale
Corporate Limits Chicago
Directions North on Cicero ave and East on 31st
Elementary Sch Dist 299
Heat/Fuel Natural Gas
High Sch Dist 299
Sewer Public Sewer
Water Public
Jr High/Middle Dist 299
Township West Chicago
Interior Features
Basement Description Unfinished
Basement Full
Bedrooms Count 6
Bedrooms Possible 6
Baths Count 4
Full Baths in Building Count 3
Half Baths in Building Count 1
Total Rooms 16
Units
unit 1
Baths Total 1
Actual Rent 1500
Appliances And Features None
Half Baths Total 1
Lease Expiration Date VAC
Rooms Total 1
Tenant Pays Electric
Floor Number 1
unit 2
Beds Total 2
Baths Total 1
Actual Rent 900
Appliances And Features None
Full Baths Total 1
Lease Expiration Date 06/26
Rooms Total 6
Tenant Pays Electric
Floor Number 1
unit 3
Beds Total 2
Baths Total 1
Actual Rent 1200
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date VAC
Rooms Total 6
Tenant Pays Electric
Floor Number 2
unit 4
Beds Total 2
Baths Total 1
Actual Rent 1200
Appliances And Features None
Full Baths Total 1
Lease Expiration Date VAC
Rooms Total 6
Tenant Pays Electric
Floor Number 2
Property / Lot Details
Lot Dimensions 3180
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 4 Flat,Other
Number Of Units in Building 4
Property Type Two to Four Units

Financials

ElectricExpense 3431
Electric Expense Source Owner Projection
Fuel Expense $9,673
Fuel Expense Source Owner Projection
Gross Rental Income $57,600
Insurance Expense $5,180
Insurance Expense Source Owner Projection
Rental Income 4800
Scavenger Expense $94
Investment Profile Residential Income
Water Expense $1,385

Tax/Assessments/Liens

PIN 16274250410000
Special Assessments N
Taxes $1,066
Tax Exemptions Homeowner, Senior, Senior Freeze
Tax Year 2022
$589,000 Listing Price:
MLS # 12038726
Investment Profile Residential Income
Listing Market Time 11 days
Basement Full
Type Unit 4 Flat,Other
Number of Units in Building 4
Parking Garage
List Date 04/24/2024
Year Built 1927
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