Mixed-Use Brick
For Sale
$985,000
535 W 31st Street, Chicago, IL 60616
Brick mixed-use property offers ground-floor commercial space plus three residential units, including a central HVAC live/work setup.
Property SizeContact for details
Days on Market59
Property Features for 535 W 31st Street
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
1883
Listing Agency:
LANDMARK & PROPERTY GROUP, INC
(773) 299-1228
Listed By:
ANGELA MOY
Source:
Corcoran
Added: Jun 9
Changed: Jul 10
Last Checked: Aug 6 at 4:26AM
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 LANDMARK & PROPERTY GROUP, INC
Investment Insights
Based on property information with market context.
This solid brick mixed-use building combines a ground-floor commercial space with residential living above. The ground level includes a commercial unit with an established business connecting to a back one-bedroom apartment that features a central heating and cooling system, making it well-suited for live/work use. The second floor provides a spacious four-bedroom, one-bath layout with central heating and cooling, along with in-unit washer/dryer. On the third floor are two separate units (front and rear), each offering two bedrooms and one bath with wall heat units. A full basement adds substantial storage and is connected to central heat and air.
The property is located in Bridgeport and is zoned B3-2. The remarks note proximity to IIT, UIC, Chinatown, Downtown, and major highways, with nearby restaurants, CVS, public transportation, and grocery stores. The Healy Elementary School district is cited in the information provided.
For tenants, owners, and operators, the configuration supports mixed-use income potential with a dedicated street-level commercial presence and multiple residential apartments. The building also includes a spacious backyard leading to a three-car garage, and hallway storage rooms that can be rented to tenants or incorporated into unit rent, depending on how the space is managed. The remarks further indicate that market rents are higher than currently collected rents.
The property is located in Bridgeport and is zoned B3-2. The remarks note proximity to IIT, UIC, Chinatown, Downtown, and major highways, with nearby restaurants, CVS, public transportation, and grocery stores. The Healy Elementary School district is cited in the information provided.
For tenants, owners, and operators, the configuration supports mixed-use income potential with a dedicated street-level commercial presence and multiple residential apartments. The building also includes a spacious backyard leading to a three-car garage, and hallway storage rooms that can be rented to tenants or incorporated into unit rent, depending on how the space is managed. The remarks further indicate that market rents are higher than currently collected rents.
Key Highlights
- Brick mixed‑use building built in 1883 with 1 commercial unit and 3 residential units (total of 4 units).
- Ground‑floor commercial space connected to a back 1‑bedroom apartment with central heating/cooling for live/work use.
- Second floor offers a 4‑bedroom/1‑bath unit with central heating/cooling and in‑unit washer/dryer.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,452
Businesses Nearby
Explore this area
Business Placement
Demographics for 60616, IL
54,013
Population
26,912
Households
2
Avg Household Size
38
Median Age
53%
College-Educated
86%
High-School Grad
3.8 sq mi
ZIP Area
14,214
Density / Sq Mi
$77,841
Median Household Income
$53,415
Median Earnings
$1,329
Median Rent
$387,300
Median Home Value
Market
Vacancy Rate% for Office in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Brick mixed-use property offers ground-floor commercial space plus three residential units, including a central HVAC live/work setup.
Where is this quadplex located?
The property is located at 535 W 31st Street Chicago, IL.
What is the asking price?
The asking price for this property is $985,000.
What are key features of this property?
This property features: Brick mixed‑use building built in 1883 with 1 commercial unit and 3 residential units (total of 4 units).; Ground‑floor commercial space connected to a back 1‑bedroom apartment with central heating/cooling for live/work use.; Second floor offers a 4‑bedroom/1‑bath unit with central heating/cooling and in‑unit washer/dryer.
