1226 W 31st Place
Chicago, IL, 60608
$1,399,000
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0 Baths
0 SqFt
0 Acres
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$1,399,000
1226 W 31st Place
Chicago, IL, 60608
MLS #MRD12323319 img 0
Fully Gut Rehabbed 6 unit in rapidly appreciating Bridgeport neighborhood. All 6 units are 2 Bed/1 Bath and have been fully renovated in past 3 years. Fully occupied and turnkey for the next investor. Sit back and enjoy the cashflow! Recently furnished as all Airbnb units for traveling nurses, the building was transitioned back to LTR last year. The building is located on a fantastic and quite side street. It has all new windows, brand new tear off roof less than 18 months old, new sidewalks, turf backyard, tuckpointed brick, and new doors with fully automated keyless locks for easy modern entry. There are 3 units in the front and 3 units in the back with a center entrance in middle on building. There is a massive value-add opportunity in the large, unfinished attic that can easily be turned into 2 additional units with 2 entrances or duplex up to the existing top floor units. The kitchens include all new white cabinets, quartz countertops, marble & glass decorative backsplash, stainless steel appliances, new flooring, and all new lighting. Tenants absolutely love the all-new bathrooms with new white tile and electric makeup mirrors for a modern touch. Each unit enjoys a modern open concept living room/kitchen with all new LVT flooring. Very walkable, one block away from popular 31st St and new restaurants and coffee shops. Don’t miss this turnkey investment!

Property Details

Price:
$1,399,000
MLS #:
MRD12323319
Status:
Active
Beds:
0
Baths:
0
Address:
1226 W 31st Place
Type:
Commercial
Neighborhood:
CHI – Bridgeport
City:
Chicago
Listed Date:
Mar 27, 2025
State:
IL
ZIP:
60608
Year Built:
1885

Schools

Interior

Cooling
Central Air

Exterior

Construction Materials
Brick

Financial

Net Operating Income
$35,596
Tax Year
2023
Taxes
$8,651
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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1226 W 31st Place
Chicago, IL