SKYDAN REAL ESTATE SALES, LLC
Listed by SKYDAN REAL ESTATE SALES, LLC
$899,000
6 unit building plus garage & storage 5028 w 31st Pl cicero
Details
APN 16332020160000
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 7,250
Net Rentable (SqFt) 6,500
Units 6
Cap Rate 11.33%
NOI $101,827
Occupancy 100%
Price per SqFt $124
Broker Co-Op Yes
Year Built 1914
Year Renovated 2016
Buildings 2
Stories 2
Lot Size (SqFt) 4,000
Zoning MULTI
Parking Spaces 2 spaces
Parking Per SqFt 0.28
Occupancy Date 06/03/2025
Sale Condition For sale by owner
Multifamily | 11.33% CAP | 6 Units
Marketing description
BROKER OWNED. Large 6 unit multi-family investment property with a large two car garage and storage spaces for rent in garage. The property's interiors have been renovated since purchase in 2015. Parking spaces (2), and storage spaces (7) available at garage and driveway for rent . Additionally, the owner holds generous security deposits. Owner of building pays for water, common electric and garage electric. Tenants pay for their own gas heat, cooking gas, water heat, and electric. All units have been remodeled since 2016. In 2023 the owner replaced all roofing, as well as the hardy board siding from ground level to 6 ft height around the perimeter of the building plus foam board insulation, and fully gutted and rehabbed the largest unit in the building in 2024- a 4 bedroom 2 bathroom (one new full bath was added), installed insulation in ceilings around the building, and added a master walk-in closet to the south lower level unit. Given the substantial rents collected every month, this is a great property for any investor! see photos and additional info.
Listing Contacts
SKYDAN REAL ESTATE SALES, LLC
Listed by SKYDAN REAL ESTATE SALES, LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$101,827.00
$8,485.58/mo
Valuation Metrics
0
DSCR
11.33%
Cap Rate
11.33%
ROI
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