535 W 31st Street, Chicago, IL 60616
Cook County
Key Facts
Description
INVESTORS! Solid brick mixed-use building in a prime location of Bridgeport. Zoning B3-2. 1 Commercial, 3 residential units above. The ground floor COMMERCIAL SPACE with established business connecting to a back unit one-bedroom apartment with a central heating/cooling system which is a perfect live/work unit. The spacious second floor has a spacious 4 bedroom/1bath with central heating/cooling system along with in-unit washer/dryer. Hallway has extra storage rooms that can be rented out to tenants or included in rent with a unit. The third floor has 2 units (front and rear) and each unit features 2 bedrooms / 1 bath with wall heat units. There is a full basement providing a ton of storage space and connected to central heat and air. Spacious backyard leading to the 3 car garage. NEAR IIT, UIC, Chinatown, Downtown, and all major highways. Healy Elementary School district. Property is near restaurants, CVS, public transportation, grocery stores, etc. Market rents are higher than current collected. Potential for higher ROI.
Property Information
Property Type
Commercial Sale
Sub-Type
Mixed Use
Year Built
1883
Stories
3
Lot Size
3,125 sq ft
Lot Dimensions
25 X 125
Days on Market
7
MLS® Listing#
12672345
Property Features
Cooling
Construction
Foundation
Financial Details
Annual Taxes
$16,876
Tax year 2024
Parcel Number
17331040110000
Directions
W 31st Street to Parnell. Corner of S Parnell and W 31st.
Affordability Calculator
$197,000
Estimated monthly payment
$5,243/mo
Principal $788,000 · Est. interest $1,099,330 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Chicago, IL
- $389,049
- Median Listing Price
- 46
- Median Days on Market
- 1,422
- Median Sq Ft
- $277
- Median Price / Sq Ft
- 4,620
- Active Listings
- This home’s price is 153% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Chicago, IL.
Location
- 535 W 31st Street, Chicago, IL 60616
Points of Interest in Chicago, IL
Showing the Chicago area map.
Nearby Schools
Robert Healy Elementary School
Elementary · 0.1 mi away
Santa Lucia School
Elementary · 0.4 mi away
Mark Sheridan Math & Science Academy
School · 0.4 mi away
St. Jerome Catholic School
Secondary · 0.5 mi away
James Ward Elementary School
Elementary · 0.5 mi away
McClellan Elementary School
Elementary · 0.5 mi away
Armour Elementary School
Elementary · 0.6 mi away
de La Salle Institute
Secondary · 0.7 mi away
St Barbara Elementary School
Elementary · 0.7 mi away
Bridgeport Catholic Middle School
School · 0.7 mi away
John B. Drake Elementary School
Elementary · 0.7 mi away
Holden Elementary School
Elementary · 0.7 mi away
Iit Campus Life
School · 0.8 mi away
Abbott Elementary School
Elementary · 0.8 mi away
Air Force Academy High School
Secondary · 0.8 mi away
St James Catholic Church
School · 0.8 mi away
Youth Connection Leadership Academy
Secondary · 0.8 mi away
Youth Connections Charter School
Secondary · 0.8 mi away
Haines Elementary School
Elementary · 0.9 mi away
St Therese School
Elementary · 0.9 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 385 POST OAK Circle, West Chicago, IL | $689,900 | 4 | 3 | 3,096 |
| 1420 W Jarvis Avenue, Chicago, IL | $689,900 | 4 | 2 | 2,877 |
| 6637 S Evans Avenue, Chicago, IL | $689,900 | 5 | 4 | — |
| 5347 S Melvina Avenue, Chicago, IL | $689,999 | 4 | 4 | 3,300 |
| 401 N Wabash Avenue 31G, Chicago, IL | $690,000 | 1 | 2 | 1,314 |
| 401 N Wabash Avenue 76G, Chicago, IL | $690,000 | 1 | 2 | 1,324 |
Moving Cost Estimate
EXIT Agents in Chicago
Listing Courtesy: Landmark & Property Group, Inc - 7732991228
Last Updated: 2026-06-08