1226 W 31st Place Chicago, IL 60608
Bridgeport NeighborhoodEstimated payment $7,975/month
Total Views
11,198
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About This Home
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
Home Type
- Multi-Family
Est. Annual Taxes
- $8,651
Year Built
- Built in 1885
Home Design
- Brick Exterior Construction
- Pitched Roof
Additional Features
- 3-Story Property
- Lot Dimensions are 24x125
- Central Heating and Cooling System
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $300
- Insurance Expense $5,868
- Maintenance Expense $2,136
- Trash Expense $1,943
- Water Sewer Expense $1,960
- Operating Expense $27,089
- Gross Income $130,560
- Net Operating Income $103,471
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/15/2025 07/15/25 | Price Changed | $1,324,900 | -1.8% | -- |
| 05/07/2025 05/07/25 | Price Changed | $1,349,000 | -3.6% | -- |
| 03/27/2025 03/27/25 | For Sale | $1,399,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Similar Home in Chicago, IL
Source: Midwest Real Estate Data (MRED)
MLS Number: 12323319
APN: 17321040330000
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