5044 W 31st Place

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5044 W 31st Place

Cicero, IL 60804
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building available for direct acquisition
  • Located at 5044 W 31st Place in Cicero
  • Positioned within the established Chicago metropolitan area
  • Property suits residential real estate investment strategies
  • Strategic regional access provided by the surrounding suburbs

What's Special

This multifamily apartment building at 5044 W 31st Place in Cicero, Illinois, is available for sale to investors seeking to expand their residential holdings. Situated within the Chicago metropolitan area, the property benefits from the regional connectivity of the local transportation network and proximity to major employment hubs. The asset type allows for a variety of management strategies in a densely populated suburban market known for its long-standing residential demand. Investors looking for a tangible addition to a portfolio will find the location suitable for steady rental operations. The surrounding Cicero community provides essential infrastructure and easy access to broader city resources, making this an accessible choice for buyers focused on established housing sectors in the Illinois market. Its configuration as an apartment building serves the local tenant base effectively while offering consistent utility for those pursuing a classic buy-and-hold residential strategy in this established corridor of the state.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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