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Remodeled Two-Unit Duplex
New
For Sale
$389,000

1321 W 31st Street, Chicago, IL 60608

Updated mechanical systems, roofing, and outdoor decking complement this residential income property.

Property SizeContact for details
Days on Market4

Property Features for 1321 W 31st Street

General Information

Standard status Active
Total Parking Spaces 2
Property subtype Residential Income

Units

Unit Mix 1 x 5BR/2BA, 1 x 1BR/1BA
Multifamily Units 2

Additional Details

Highway Access Yes

Taxes and HOA fees

Annual Taxes $8,036

Building Details

Year Built 1888
Listing Agency: Richland Properties and Homes
Listed By: Stella Au
Source: Birdrealtysells
Added: Aug 9 Changed: Aug 10 Last Checked: Aug 11 at 2:42PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Richland Properties and Homes

Investment Insights

Based on property information with market context.

This Chicago duplex contains two residential units with distinct configurations. The first-floor residence offers 5 bedrooms and 2 bathrooms, while the second-floor unit includes 1 bedroom and 1 bathroom. The property has undergone remodeling with replacement plumbing, central heating and air conditioning, a new roof, and a new deck.

Constructed in 1888, the property is located at 1321 W 31st Street in Chicago, IL 60608. Archer, Ashland, and I-55 are identified as nearby access points, adding recognizable transportation context to the location.

Key Highlights

  • Two‑unit duplex with 5‑bedroom and 2‑bath first‑floor residence
  • Second‑floor unit includes 1 bedroom and 1 bathroom
  • Remodeled with new plumbing and central heat and A/C

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Skin Care Clinic (Bike/Boat/Book/etc) Store Accounting Firm Locksmith Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,106
Businesses Nearby

Demographics for 60608, IL

75,770
Population
32,617
Households
2.3
Avg Household Size
34
Median Age
34%
College-Educated
77%
High-School Grad
6.2 sq mi
ZIP Area
12,221
Density / Sq Mi
$70,704
Median Household Income
$42,211
Median Earnings
$1,208
Median Rent
$341,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Updated mechanical systems, roofing, and outdoor decking complement this residential income property.
Where is this duplex located?
The property is located at 1321 W 31st Street Chicago, IL.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Two‑unit duplex with 5‑bedroom and 2‑bath first‑floor residence; Second‑floor unit includes 1 bedroom and 1 bathroom; Remodeled with new plumbing and central heat and A/C
More about this property
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