4200 West 31st Street, Chicago, IL

$1,399,900

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0.08

Acres

About 4200 West 31st Street

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.

Features of 4200 West 31st Street

MLS® # 12437992
Price $1,399,900
Bathrooms 0.00
Acres 0.08
Year Built 1925
Type Commercial Sale
Sub-Type Multi Family 5+
Status Active

Community Information

Address 4200 West 31st Street
Area CHI - South Lawndale
City Chicago
County Cook
State IL
Zip Code 60623

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Central Air
Fireplace No
Has Basement Yes
Basement Partially Finished

Exterior

Exterior Brick
Roof Reflective Coating

Additional Information

Days on Market 76
Zoning MULTI
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeRE/MAX Premier
Contact Info773-966-5962

Listing Map

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