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335 W 31st Street

Chicago, IL 60616
  • $1,190,000
  • STATUS: Active
  • ON SITE: 18 Days
  • MLS #: 11781823
UPDATED: 150 min ago
$1,190,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1893
County:

School Ratings & Info

Description

Looking for a prime real estate investment opportunity in Armour Square? Look no further than this mixed-use building, featuring 5 residential units and 1 commercial storefront in a highly desirable location. The commercial space is currently leased as a restaurant and includes a large separate kitchen in the rear perfect for catering. Zoned B1-1, this property offers a range of possibilities for future commercial use. Each of the 5 residential units has been recently renovated and features separate central heating and AC systems. There is a shared washer/dryer on the first floor and ample storage space in the full basement. The building includes one 2-bedroom/1-bathroom unit and four 3-bedroom/1-bathroom units, all currently occupied with solid rental income. Located within walking distance of IIT and just minutes from UIC, Chinatown, Downtown, and major highways, this property is perfectly situated for convenience and growth potential. With close proximity to shops, restaurants, and public transportation, this investment opportunity is not to be missed. Contact us today to schedule a viewing!

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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 2023-05-31T08:58:38.907 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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335 W 31st Street Chicago, IL 60616

  • Price: $1,190,000
  • Status: Active
  • On Site: 18 Days
  • Updated: 150 min ago
  • MLS #: 11781823
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1893
Built
Neighborhood:
Chi - Armour Square
County:
Cook
Area:
Chi - Armour Square
Property Description
Looking for a prime real estate investment opportunity in Armour Square? Look no further than this mixed-use building, featuring 5 residential units and 1 commercial storefront in a highly desirable location. The commercial space is currently leased as a restaurant and includes a large separate kitchen in the rear perfect for catering. Zoned B1-1, this property offers a range of possibilities for future commercial use. Each of the 5 residential units has been recently renovated and features separate central heating and AC systems. There is a shared washer/dryer on the first floor and ample storage space in the full basement. The building includes one 2-bedroom/1-bathroom unit and four 3-bedroom/1-bathroom units, all currently occupied with solid rental income. Located within walking distance of IIT and just minutes from UIC, Chinatown, Downtown, and major highways, this property is perfectly situated for convenience and growth potential. With close proximity to shops, restaurants, and public transportation, this investment opportunity is not to be missed. Contact us today to schedule a viewing!
Exterior Features

Exterior Building Type Brick Foundation Details Concrete Perimeter Parking Total 0

Interior Features

Cooling Central Air Heat Ventilation Central Heat/Indiv ControlsGas 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 101160 Gross Scheduled Income 101160 Insurance Expense 5400 Location CornerMixed Use Area Maintenance Expense 0 Mls Actual Status Active Net Operating Income 79896 Operating Expense 21264 Tax Annual Amount 11864 Tax Year 2021 Tenant Pays ElectricityHeat Total Monthly Income 8430 Township South Chicago Type Multi Family 5+

Listing information © 2023 Midwest Real Estate Data LLC.
Listing provided courtesy of Mango Realty Group: 773-886-0660.


© 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 2023-05-31T08:58:38.907 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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Angela Walker Homes Real Estate Group
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Westchester IL, 60154