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Listing provided courtesy of Landmark & Property Group, IncMREDas Distributed by MLSGrid- MLS# 12672345MLS Provider

535 W 31st StreetChicago, IL 60616

Commercial
$985,000 Active

535 W 31st Street Overview

Time on Site:
21 days
Visits:
2

INVESTORS! Solid brick mixed-use building in a prime location of Bridgeport. Zoning B3-2. 1 Commercial, 3 residential units above. The ground floor COMMERCIAL SPACE with established business connecting to a back unit one-bedroom apartment with a central heating/cooling system which is a perfect live/work unit. The spacious second floor has a spacious 4 bedroom/1bath with central heating/cooling system along with in-unit washer/dryer. Hallway has extra storage rooms that can be rented out to tenants or included in rent with a unit. The third floor has 2 units (front and rear) and each unit features 2 bedrooms / 1 bath with wall heat units. There is a full basement providing a ton of storage space and connected to central heat and air. Spacious backyard leading to the 3 car garage. NEAR IIT, UIC, Chinatown, Downtown, and all major highways. Healy Elementary School district. Property is near restaurants, CVS, public transportation, grocery stores, etc. Market rents are higher than current collected. Potential for higher ROI.

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535 W 31st Street Facts & Features

  • Type Commercial

Details

General

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Income: 0
  • Gross Scheduled Income: 0
  • Insurance Expense: 5651
  • Trash Expense: 0
  • Water Sewer Expense: 0

Building Information

  • Year Built: 1883

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Bridgeport

Rent/Lease Information

  • Tenant Pays: Air Conditioning, Electricity, Heat

Tax Information

  • Tax Annual Amount: $16,876.21
  • Tax Year: 2024

General Information

  • Parcel Number: 17331040110000
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale

Interior

General Information

  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Foundation Details: Concrete Perimeter
  • Stories: 3

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 25 X 125
  • Lot Size Square Feet: 3125

Building Exterior/Construction

  • Construction Materials: Brick

General Information

  • Number Of Units Total: 4

535 W 31st Street Neighborhood

Community

60616 (CHICAGO) Demographics

38
Median Age
11,385
Population Density (per sq. mile)
53%
College Educated
$61,843
Estimated Median Income
9,233
Estimated Total Home Owners
15,237
Estimated Total Renters
38% / 62%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

535 W 31st Street Monthly Cost

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$
$
Jim Luxem Jr
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

535 W 31st Street Market Data

Based on the last 30 days in this zip code

$424,602
Average List Price
$328
Average Price per Square Foot
41
Properties Sold
58
Average Days on Market
142
Properties for Sale
Calculations provided by Reliance Network

535 W 31st Street History

Date Event Value Agent
6/13/2026Source: MRED Status Change
Active
6/8/2026Source: MRED Added to Database
June 08, 2026
6/20/2022Source: MRED Added to Database
January 27, 2022