Midlothian, IL 60445 3625 147th Street
$3,760,000



1 more

Presented By: Real Realty Inc
Home Details
ATTENTION: THIS IS A PORTFOLIO SALE OF ALL SIX IDENTICAL SIX-UNIT BUILDINGS ON THE SAME STREET. THE ADDRESSES ARE 3625 147TH ST, 3626 147TH PL, 3632 147TH Pl, 3635 147TH St, 3638 147TH PL, 3646 147TH PL IN MIDLOTHIAN, IL 60445. Real Realty is pleased to represent this portfolio of buildings off 147th Street in Midlothian, IL. The offering consists of 6 nearly identical 6-unit buildings. All buildings consists of 1 - one-bedroom and 5 - two-bedroom units. Each building has a central boiler and central hot water heater. Heat and hot water are paid by landlord. Tenants pay for electricity. 9 of the 18 units have been remodeled and are achieving premiums of $150+ more in rent for 1-bedrooms and $250+ for 2-bedroom units than the non-renovated apartments. This is an opportunity for a investor to purchase these buildings and continue to improve units and increase revenue to further maximize returns.
Presented By: Real Realty Inc
General for 3625 147th Street
Additional Parcels Y/NYes
Cap Rate7.77
CityMidlothian
CountyCook
DirectionsTake exit 8 off I-294 and a right into 147th street in Posen. Then just go straight until you reach the 6 flats in Midlothian by the Self Storage building.
Electric Expense4007
Fuel Expense28682
Gross Income549972
Insurance Expense23400
MLS AreaMidlothian
MaintenanceExpense10800
ModificationTimestamp2025-10-13T05:07:09.201Z
Net Operating Income292327
Number Of Units Total36
Operating Expense234780
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive
StatusActive
Stories Count2
Tax Annual Amount82877
Tax Year2023
Trash Expense8905
Water Sewer Expense11708
Year Built1970
Exterior for 3625 147th Street
Lot Dimensions30 X 77
Additional Details
Price History
