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For-Sale Apartment Building
For Sale
$339,999
Pending

5511 West 31st Street, Cicero, IL 60804

Residential income apartment building offered for sale, providing a straightforward option for multifamily ownership.

Days on Market59

Property Features for 5511 West 31st Street

General Information

Standard status Pending
Property subtype Two to Four Units / 2 Flat

Building Details

Year Built 1928
Listing Agency: Realty of America, LLC
Listed By: Israel Dominguez · License #475193966
Source: Compass
Added: Jun 2 Changed: Jul 10 Last Checked: Jul 25 at 1:12PM

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 Realty of America, LLC

Investment Insights

Based on property information with market context.

This offering is a for-sale apartment building presented as a residential income multifamily property. The asset is categorized as an apartment building and multifamily property, supporting use as a rental housing investment or owner-occupied residential income structure, depending on buyer intent.

The property is located at 5511 West 31st Street in Cicero, Illinois. As presented in the listing data, no further details are provided regarding unit mix, building condition, or amenities, so prospective buyers should plan to confirm those items during due diligence.

For buyers evaluating multifamily acquisition, this property may fit a range of residential income strategies centered on owning an apartment building. Because the provided information does not specify updates, occupancy, or financial performance, the most practical next step is to review the building’s actual operating profile, rents, and physical condition through available offering materials and inspections. That approach will help determine whether the property aligns with your underwriting assumptions and desired operating model.

Key Highlights

  • Residential income apartment building built in 1928

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office (Bike/Boat/Book/etc) Store Parking Lot & Garage Computer & Electronic Repair

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

Location Intelligence

Trade Area within ½ mile

609
Businesses Nearby

Demographics for 60804, IL

85,673
Population
26,738
Households
3.2
Avg Household Size
32
Median Age
11%
College-Educated
68%
High-School Grad
7.1 sq mi
ZIP Area
12,067
Density / Sq Mi
$68,548
Median Household Income
$36,786
Median Earnings
$1,121
Median Rent
$236,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Apartment building - Residential income apartment building offered for sale, providing a straightforward option for multifamily ownership.
Where is this apartment building located?
The property is located at 5511 West 31st Street Cicero, IL.
What is the asking price?
The asking price for this property is $339,999.
What are key features of this property?
This property features: Residential income apartment building built in 1928
More about this property
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