NOT LISTED FOR SALE

1809 E 31st St La Grange Park, IL 60526

14 Beds
7 Baths
-- Sq Ft
1955 Built

Last Sold October 13, 2023

Last sale price $859,000

About This Home

As of October 2023

PROPERTY UNDER CONTRACT BEFORE PRINT. This huge, outstanding well-kept brick 6-unit multifamily (5 units already built out) is waiting for the wise investor. The property consists of 5 huge units, two 3BR/2BA units, two 3BR/1BA units (that can be converted to 3BR/2BA units), and one 2-bedroom unit. Four of the units have individual heat & central air. New roof and new windows installed. There is a spacious, vacant basement with storage for each unit, and, a coin-operated washer & dryer. This large basement can be legally converted into the 6th unit 2BR/1BA (See additional documents from the city). A huge fenced in back yard, 8 private parking spaces, and a detached 4-car brick garage. Quiet residential area. A outstanding investment. A great value-add purchase. Great for an investor or live-in owner. A very high quality building! Rents are very low compared to market rents for the area due to long-term renters! Taxes are currently being challenged.

Last Agent to Sell the Property

Brian Reid

BF Realty, Inc License #471016268 Listed on: 08/07/2023

Last Buyer's Agent

Mira Bajic

RE/MAX Premier License #475176755

RE/MAX Premier

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $25,076

Year Built

  • Built in 1955

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 7 Bathrooms

Utilities

  • Central Heating and Cooling System
  • Cooling System Mounted In Outer Wall Opening

Additional Features

  • 2-Story Property
  • Lot Dimensions are 100 x 125

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heat, sewer

Community Details

Overview

  • 5 Units

Building Details

  • Electric Expense $2,176
  • Fuel Expense $1,045
  • Insurance Expense $2,508
  • Maintenance Expense $7,661
  • Other Expense $500
  • Trash Expense $4,494
  • Water Sewer Expense $1,806
  • Operating Expense $19,755
  • Gross Income $97,464
  • Net Operating Income $52,824

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$25,076

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Flats
  • Stories: 2
  • Year Built: 1955
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 7
  • Total Bedrooms: 14
  • Fireplaces: 1
  • Refrigerators: 5
  • Ranges: 5
  • Number of Washers: 1
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • List Price: 875000

Utilities

  • Cooling: Central Air, Wall Sleeve
  • Heat/Ventilation: Central Heat/Indiv Controls
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 4494
  • Water Sewer Expenses: 1806
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 100 X 125
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat, Sewer
  • Board Number: 8

Multi Family

  • Net Operating Income: 52824
  • Fuel Expense: 1045
  • Insurance Expense: 2508
  • ElectricExpense: 2176
  • GrossIncome: 97464
  • Maintenance Expense: 7661
  • NumberOfUnitsTotal: 5
  • OperatingExpense: 19755
  • Expense Year: 2022
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 25076
  • Tax Year: 2021

Range of Values:

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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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/13/2023 10/13/23 Sold $859,000 -1.8% --
08/07/2023 08/07/23 Pending -- -- --
08/07/2023 08/07/23 For Sale $875,000 +7.4% --
10/31/2018 10/31/18 Sold $815,000 -5.2% -- View Prior Sale
10/12/2018 10/12/18 Pending -- -- --
09/02/2018 09/02/18 Price Changed $859,900 -4.4% --
07/16/2018 07/16/18 For Sale $899,900 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11852849

Midwest Real Estate Data (MRED)