4308 W 31st Street Chicago, IL ^$ 579,000

4308 W 31st Street

^$ 579,000

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4308 W 31st Street

Chicago, IL, 60623

^$ 579,000

Studio Baths0.0

Monthly Estimate*

^$ 3,848

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Studio

Commercial Property for sale in Chicago, IL

for $579,000. This building was built in 1927 on a lot size of 0.073003.

Nestled within an up and coming neighborhood, this captivating four-unit building seamlessly combines a dynamic storefront with three inviting residential spaces. From the moment one approaches, the building's facade exudes a timeless charm, with large display windows beckoning pedestrians to explore the treasures within. At street level, the spacious storefront awaits, offering a versatile canvas for entrepreneurs to realize their visions of a thriving business. Above, three units offer residents a sanctuary amidst the urban hustle, each unit boasting contemporary comforts they each have their own dining room, kitchen, 2bedrooms and bathroom. With its harmonious blend of commercial and residential spaces, this building stands as a testament to the vibrant energy and endless possibilities. This building also offers a attic, basement, and a 2 car garage.

Commercial Active

Price

^$ 579,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 1,060

Style

Lot Size

0.073003

Year Built

1927

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12038770

Features

General

Cooling Central Air Window Unit(s)

Possession Closing

Roof Composition

Zoning MULTI

Year Built 1927

Electric Circuit Breakers

Tenant Pays Electricity

Stories 2

Property SubType Apts/Ofc/Store Apts/Stores

Tax Year 2022

Gross Income 61200

County Cook

Insurance Expense 5180

Property Type Commercial Sale Mixed Use

Status Active

Directions North on Cicero Ave and East on 31st

City Chicago

NumberOfUnitsTotal 4

MLS Area CHI - South Lawndale

Lot Size Square Feet 3180

Street Name 31st

Tax Annual Amount 1060.95

Electric Expense 2343

Fuel Expense 9673

Trash Expense 1200

Water Sewer Expense 1385

Additional Parcels Y/N N

Days on Market 36

Standard Status Active

Exterior

Foundation Details Concrete Perimeter

Lot Dimensions 33X130

Exterior Brick

Interior

Street Suffix Street

* Excluded Features

List By

Duarte Realty Company

Broker

bernacasas.realtor@gmail.com

Affordability Calculator

$3,937

Per Month

Monthly Principal & Interest: $3,848
Monthly Property Taxes: $88
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Chicago, IL

Average List Price ^$846,172

Percent of Sale Price 46%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/23/2024	$579,000	-1.70%	Price Down
4/25/2024	$589,000		Listed Price

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4308 W 31st Street, Chicago, IL, 60623 is a Commercial Property for sale at $579,000 with a lot size of 0.073003. 4308 W 31st Street is a studio with 0.0 baths and was built in 1927. The property's zip code is 60623 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is 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.

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Data is updated as of 6/1/2024.

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4308 W 31st Street

Commercial Property for sale in Chicago, IL

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