4200 W 31st ST Chicago, IL 60623

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Park Place Realty Group LLC

info@parkplacerealtyllc.com +1(708) 722-5106

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Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12437992

Maintenance Fees $2,200

Year Built 1925

Annual Tax Amount $16,334

Tax Year 2023

Lot Size 3,484 Sqft

Lot Dimensions 30x125

Property Sub-Type Multi Family 5+

Property Description

An excellent opportunity to own a fully renovated 8-unit multifamily building in a thriving Chicago neighborhood. Each unit features 2 bedrooms, and all are currently leased, generating $111,000 annually in rental income. Over the years, the property has been thoughtfully updated with newer water heaters, furnaces, and A/C units. All units have been gut rehabbed, offering sleek kitchens, modern bathrooms, and updated flooring throughout. Tenants pay their own gas and electricity, keeping operating expenses low. All appliances are included, and the building has been consistently well-maintained with minimal ongoing maintenance needs. Ideally located across from Piotrowski Park, residents enjoy convenient access to green space, daily exercise, and family-friendly activities. The surrounding neighborhood is vibrant and walkable, with local dining, shops, and public transportation nearby. This is a turnkey investment; just purchase and start collecting rent.

Location

State IL

County Cook

Area Chi - South Lawndale

Zoning MULTI

Rooms

Basement Partially Finished

Interior

Cooling Central Air

Fireplace N

Exterior

Roof Type Reflective Coating

Building

Dwelling Type Multi Family 5+

Structure Type Brick

Listed by Juan Narvaez • RE/MAX Premier

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Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106