4200 W 31st Street
Chicago, IL, 60623
$1,400,000
Beds
0 Baths
0 SqFt
0.08 Acres
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$1,400,000
4200 W 31st Street
Chicago, IL, 60623
MLS #MRD12437992 img 0MLS #MRD12437992 img 1MLS #MRD12437992 img 2MLS #MRD12437992 img 3MLS #MRD12437992 img 4MLS #MRD12437992 img 5MLS #MRD12437992 img 6MLS #MRD12437992 img 7MLS #MRD12437992 img 8MLS #MRD12437992 img 9MLS #MRD12437992 img 10MLS #MRD12437992 img 11MLS #MRD12437992 img 12MLS #MRD12437992 img 13
An excellent opportunity to own a fully renovated 8-unit multifamily building in a thriving Chicago neighborhood. Each unit features 2 bedrooms, and all are currently leased, generating $111,000 annually in rental income. Over the years, the property has been thoughtfully updated with newer water heaters, furnaces, and A/C units. All units have been gut rehabbed, offering sleek kitchens, modern bathrooms, and updated flooring throughout. Tenants pay their own gas and electricity, keeping operating expenses low. All appliances are included, and the building has been consistently well-maintained with minimal ongoing maintenance needs. Ideally located across from Piotrowski Park, residents enjoy convenient access to green space, daily exercise, and family-friendly activities. The surrounding neighborhood is vibrant and walkable, with local dining, shops, and public transportation nearby. This is a turnkey investment; just purchase and start collecting rent.

Property Details

Price:
$1,400,000
MLS #:
MRD12437992
Status:
Active
Beds:
0
Baths:
0
Address:
4200 W 31st Street
Type:
Commercial
Neighborhood:
CHI – South Lawndale
City:
Chicago
Listed Date:
Aug 5, 2025
State:
IL
ZIP:
60623
Lot Size:
3,736 sqft / 0.08 acres (approx)
Year Built:
1925

Schools

Interior

Cooling
Central Air

Exterior

Construction Materials
Brick
Roof
Reflective Coating

Financial

Maintenance Fee
$2,200
Net Operating Income
$77,303
Tax Year
2023
Taxes
$16,334
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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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4200 W 31st Street
Chicago, IL