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1809 E 31st Street

La Grange Park, IL 60526
  • $925,000
  • STATUS: Active
  • ON SITE: 33 Days
  • MLS #: 11776558
Price Reduced
UPDATED: 45 min ago
$925,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1955
County:

School Ratings & Info

Description

This huge, outstanding well-kept brick 6-unit multifamily (5 units already built out) is waiting for the wise investor. The property consists of 5 huge units, two 3BR/2BA units, two 3BR/1BA units (that can be converted to 3BR/2BA units), and one 2-bedroom unit. Four of the units have individual heat & central air. New roof and new windows installed. There is a spacious, vacant basement with storage for each unit, and, a coin-operated washer & dryer. This large basement can be legally converted into the 6th unit 2BR/1BA (See additional documents from the city). A huge fenced in back yard, 8 private parking spaces, and a detached 4-car brick garage. Quiet residential area. A outstanding investment. A great value-add purchase. Great for an investor or live-in owner. A very high quality building! Rents are very low compared to market rents for the area due to long-term renters! Taxes are currently being challenged and should be going down substantially. Current and ProForma Rent Rolls under the Additional Documents tab.

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© 2023 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Angela Walker Homes Real Estate Group. Based on information submitted to the MRED as of 2023-06-07T23:58:44 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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1809 E 31st Street La Grange Park, IL 60526

  • Price: $925,000
  • Status: Active
  • On Site: 33 Days
  • Updated: 45 min ago
  • MLS #: 11776558
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1955
Built
Neighborhood:
La Grange Park
County:
Cook
Area:
La Grange Park
Property Description
This huge, outstanding well-kept brick 6-unit multifamily (5 units already built out) is waiting for the wise investor. The property consists of 5 huge units, two 3BR/2BA units, two 3BR/1BA units (that can be converted to 3BR/2BA units), and one 2-bedroom unit. Four of the units have individual heat & central air. New roof and new windows installed. There is a spacious, vacant basement with storage for each unit, and, a coin-operated washer & dryer. This large basement can be legally converted into the 6th unit 2BR/1BA (See additional documents from the city). A huge fenced in back yard, 8 private parking spaces, and a detached 4-car brick garage. Quiet residential area. A outstanding investment. A great value-add purchase. Great for an investor or live-in owner. A very high quality building! Rents are very low compared to market rents for the area due to long-term renters! Taxes are currently being challenged and should be going down substantially. Current and ProForma Rent Rolls under the Additional Documents tab.
Exterior Features

Parking Total 12

Interior Features

Cooling Central AirWall Sleeve Heat Ventilation Central Heat/Indiv Controls Number Of Dryers 1 Number Of Ranges 5 Number Of Washers 1

Property Features

Additional Parcels YN No Approximate Age Older Built Before1978 YN Yes Gross Income 97464 Gross Scheduled Income 82800 Insurance Expense 2508 Maintenance Expense 7661 Mls Actual Status Price Change Net Operating Income 52824 Operating Expense 19755 Tax Annual Amount 21855 Tax Year 2021 Tenant Pays Air ConditioningElectricityHeatSewer Total Monthly Income 7872 Township Proviso Type Multi Family 5+ Zoning Multi

Listing information © 2023 Midwest Real Estate Data LLC.
Listing provided courtesy of Bf Realty, Inc: 312-735-3130.


© 2023 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Angela Walker Homes Real Estate Group. Based on information submitted to the MRED as of 2023-06-07T23:58:44 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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Westchester IL, 60154