Listing provided courtesy of Realty of America, LLCMREDas Distributed by MLSGrid- MLS# 12614708
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Request Info5101 W 31st PlaceCicero, IL 60804
Multi-Family · 6 Beds · 0.12 Acres$450,000
Active
5101 W 31st Place Overview
- Time on Site:
- 81 days
- Visits:
- 0
Exceptional investment opportunity in the heart of Cicero! This massive 6,150 sq ft mixed-use building is hitting the market for the very first time, offering endless potential for investors, developers, or owner-occupants looking to create value. The property features three spacious residential units along with a commercial storefront and an additional hall space, making it an ideal income-producing asset with multiple revenue streams. The hall offers added versatility-perfect for events, gatherings, storage, or potential conversion to suit your needs. Each residential unit offers generous layouts, providing the perfect canvas for modernization or customization to meet today's market demands. Situated in a prime, high-visibility location, the commercial space is well-positioned for a variety of business uses, benefiting from steady foot traffic and strong community presence. Whether you envision retail, office, or service-oriented use, the possibilities are wide open. Bring your ideas and transform this unique building into a standout investment tailored to your vision. Opportunities like this don't come around often-schedule your showing and explore the full potential today! SOLD AS IS
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5101 W 31st Place Facts & Features
- Type Multi-Family
- Lot 0.12 Acres
Details
General
School Information
- School District: 201
Building Information
- New Construction: No
- Year Built: 1909
Location/Region
- County Or Parish: Cook
- MLS Area Major: Cicero
- Township: Cicero
Tax Information
- Tax Annual Amount: $10,053.83
- Tax Year: 2024
General Information
- Ownership: Fee Simple
- Parcel Number: 16332040120000
- Property Type: Residential Income
- Special Listing Conditions: None
Interior
Parking Information
- Half Baths Building: 0
Beds/Baths
- Bathrooms Total: 4
- Bedrooms Total: 6
- Bedrooms Possible: 6
- Full Baths Building: 4
General Information
- Basement: Crawl Space, Partial
- Heating: Radiator(s)
- Rooms Total: 12
Exterior
Parking Information
- Parking Features: Driveway, Yes, Owned
- Parking Total: 2
Lot Information
- Lot Size Acres: 0.12
- Lot Size Dimensions: 125x45
- Water Source: Lake Michigan
Waterfront/View
- Waterfront: No
Building Exterior/Construction
- Construction Materials: Brick
General Information
- Sewer: Public Sewer
Unit Information
Unit 1 Details
- Unit Type: Unit 1
- Actual Rent: 1000
- Beds Total: 2
- Baths Total: 1
Unit 2 Details
- Unit Type: Unit 2
- Actual Rent: 1200
- Beds Total: 2
- Baths Total: 1
Unit 3 Details
- Unit Type: Unit 3
- Actual Rent: 1300
- Beds Total: 2
- Baths Total: 1
5101 W 31st Place Neighborhood
Community
60804 (CICERO) Demographics
32
Median Age
10,436
Population Density (per sq. mile)
15%
College Educated
$53,750
Estimated Median Income
11,773
Estimated Total Home Owners
10,935
Estimated Total Renters
52% / 48%
Estimated Owner / Renter Divide
4
Estimated Average Household Size
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.5101 W 31st Place Monthly Cost
5101 W 31st Place Market Data
Based on the last 30 days in this zip code
$288,473
Average List Price
$215
Average Price per Square Foot
9
Properties Sold
66
Average Days on Market
68
Properties for Sale
5101 W 31st Place History
| Date | Value | Agent |
|---|---|---|
| 4/14/2026Source: MRED | Active |
|
| 4/9/2026Source: MRED | April 09, 2026 |