4308 W 31st St Chicago | 4308 W 31st St
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4308 W 31st St Chicago 4308 W 31st St
3,180 SF 100% Leased Flex Building Chicago, IL 60623 $489,000 ($154/SF) 11.92% Cap Rate
Executive Summary
Large, well maintained solid brick building zoned R-3 across from Piotrowski Park on bustling 31st St. Family owned since the 1960s, the building consists of 3 residential units plus a 900 sq ft first floor storefront. Full walk up expandable attic and full basement with separate meters. New tear off roofs on both the garage and main building 2020, new gutters, soffits and boiler 2021 and new water heater in 2023. Home Run Inn is next door, and Piotrowski Park has a public swimming pool and skate park so the location is ideal with plenty of foot traffic. Target, Home Depot and Walmart are around the corner. Great opportunity for multi-generational living or investment. Being sold as-is.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $489,000 | Lot Size | 0.07 AC |
| Price Per SF | $154 | Rentable Building Area | 3,180 SF |
| Sale Type | Investment or Owner User | No. Stories | 2 |
| Cap Rate | 11.92% | Year Built | 1927 |
| Property Type | Flex |
| Price | $489,000 |
| Price Per SF | $154 |
| Sale Type | Investment or Owner User |
| Cap Rate | 11.92% |
| Property Type | Flex |
| Lot Size | 0.07 AC |
| Rentable Building Area | 3,180 SF |
| No. Stories | 2 |
| Year Built | 1927 |
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PROPERTY TAXES
| Parcel Number | 16-27-425-041-0000 | Total Assessment | $25,000 (2024) |
| Land Assessment | $4,502 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $20,498 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
16-27-425-041-0000
Land Assessment
$4,502 (2024)
Improvements Assessment
$20,498 (2024)
Total Assessment
$25,000 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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4308 W 31st St Chicago | 4308 W 31st St
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