NOT LISTED FOR SALE

1001 W 31st St Chicago, IL 60608

Bridgeport Neighborhood

Estimated Value: $722,968 - $832,000

18 Beds
6 Baths
5,704 Sq Ft
$136/Sq Ft Est. Value

Sale Details

Date Sold: May 16, 2022

Last sale price $700,000 $123 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $4,976 / mo

16 Days on Market

About This Home

As of May 2022

Brick building with 6 unit PLUS store front in prime bridgeport. Rarely building built on entire lot '23X125'. Great rent income generating investment with ALL units rented except Store front. Units offer potential income $70K over 8% Cap rate after property tax. Full unfinished basement for additional value. Couple mins walk to shops, restaurants, library, transportation and etc. Excellent for owner-occupied with extra income or investor welcome.

Last Agent to Sell the Property

Sharon Wong

Century 21 Realty Associates License #471011443 Listed on: 11/23/2021

Century 21 Realty Associates

Co-Listed By

Ivan Man

Century 21 Realty Associates License #475145659

Last Buyer's Agent

Sharon Wong

Century 21 Realty Associates License #471011443 Listed on: 11/23/2021

Century 21 Realty Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,516

Year Built

  • Built in 1878

Lot Details

  • 2,890 Sq Ft Lot
  • Lot Dimensions are 23x125

Interior Spaces

  • 18 Bedrooms
  • 2-Story Property

Utilities

  • Central Heating

Community Details

  • 6 Units
  • Gross Income $54,000

Listing and Financial Details

  • Tenant pays for electricity, heat

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,516

Year Built

Built in 1878

Lot Details

2,890 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Other
  • Stories: 2
  • Year Built: 1878
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 18
  • Room: 2

Utilities

  • Heat/Ventilation: Central Heat/Indiv Controls,Other

Condo/Co-op/Association

  • Unincorporated (Y/N): No

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 23X125
  • Lot Size Sq Ft: 2890
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity, Heat
  • Board Number: 8

Multi Family

  • GrossIncome: 54000
  • NumberOfUnitsTotal: 6
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 7516.4
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 23, 2021
Closed on
May 16, 2022
Sold by
Zhu Wanping and Eng Julie
Bought by
Bokster Properties Llc Series E
Seller's Agent
Sharon Wong
Century 21 Realty Associates
Buyer's Agent
Sharon Wong
Century 21 Realty Associates
List Price
$729,000
Sold Price
$700,000
Premium/Discount to List
-$29,000
-3.98%
Current Estimated Value
$777,484

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,484
Avg. Annual Appreciation
2.72%
Original Mortgage
$517,500
Outstanding Balance
$485,662
Interest Rate
4.48%
Mortgage Type
Construction
Estimated Equity
$291,822

Purchase Details

Listed on
Nov 23, 2021
Closed on
May 10, 2022
Sold by
Zhu Wanping and Eng Julie
Bought by
Zhu Wanping and Eng Julie
Seller's Agent
Sharon Wong
Century 21 Realty Associates
Buyer's Agent
Sharon Wong
Century 21 Realty Associates
List Price
$729,000
Sold Price
$700,000
Premium/Discount to List
-$29,000
-3.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$517,500
Outstanding Balance
$485,662
Interest Rate
4.48%
Mortgage Type
Construction
Estimated Equity
$291,822

Purchase Details

Closed on
Sep 29, 2006
Sold by
Mei Victor Shi T
Bought by
Eng Julie and Zhu Wanping

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,000
Interest Rate
6.36%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 3, 2004
Sold by
Luo Zhuo Jing and Mei Victor Shi T
Bought by
Mei Victor Shi T

Purchase Details

Closed on
Jun 10, 2003
Sold by
Cole Taylor Bank
Bought by
Luo Zhuo Jing and Mei Victor Shi T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Bokster Properties Llc Series E $690,000 None Listed On Document
Zhu Wanping -- Lee A T Alexandra
Eng Julie $399,000 First American Title Ins Co
Mei Victor Shi T -- --
Luo Zhuo Jing $168,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bokster Properties Llc Series E $517,500
Previous Owner Eng Julie $319,000
Previous Owner Luo Zhuo Jing $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/16/2022 05/16/22 Sold $700,000 0.0% $123 / Sq Ft
05/12/2022 05/12/22 Off Market $700,000 -- --
12/10/2021 12/10/21 Pending -- -- --
11/27/2021 11/27/21 Off Market $700,000 -- --
11/27/2021 11/27/21 Pending -- -- --
11/23/2021 11/23/21 For Sale $729,000 -- $128 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,917 $68,001 $14,306 $53,695
2024 $9,917 $68,001 $14,306 $53,695
2023 $9,667 $47,000 $11,560 $35,440
2022 $9,667 $47,000 $11,560 $35,440
2021 $9,451 $47,000 $11,560 $35,440
2020 $7,516 $33,741 $9,248 $24,493
2019 $9,307 $46,325 $9,248 $37,077
2018 $9,151 $46,325 $9,248 $37,077
2017 $7,966 $37,005 $7,225 $29,780
2016 $7,412 $37,005 $7,225 $29,780
2015 $6,781 $37,005 $7,225 $29,780
2014 $5,147 $27,740 $5,780 $21,960
2013 $5,564 $30,592 $5,780 $24,812
Source: Public Records

Agents Affiliated with this Home

  • Sharon Wong

    Seller's Agent in 2022

    Sharon Wong

    Century 21 Realty Associates

    (312) 623-2823

    26 in this area

    71 Total Sales

    Sharon Wong
    Section Image
  • Ivan Man

    Seller Co-Listing Agent in 2022

    Ivan Man

    Century 21 Realty Associates

    (312) 428-9123

    25 in this area

    74 Total Sales

    Ivan Man
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11275771

Midwest Real Estate Data (MRED)

APN: 17-32-202-014-0000

Illinois Cook County Chicago 60608 Bridgeport

1001 W 31st St, Chicago, IL

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

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