14618 Keystone Ave Midlothian, IL 60445
Estimated payment $13,664/month
About This Home
ATTENTION: THIS IS A PORTFOLIO SALE OF ALL THREE IDENTICAL SIX-UNIT BUILDINGS ON THE SAME STREET. THE ADDRESSES ARE 14618 KEYSTONE AVE, 14619 KEYSTONE AVE, AND 14643 KEYSTONE AVE IN MIDLOTHIAN, IL 60445. Real Realty is pleased to represent this portfolio of buildings off Keystone Avenue in Midlothian, IL. The offering consists of 3 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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $44,747
Year Built
- Built in 1970
Lot Details
- Lot Dimensions are 30 x 80
- Additional Parcels
Additional Features
- 2-Story Property
- Baseboard Heating
Community Details
Overview
- 18 Units
Building Details
- Electric Expense $2,004
- Fuel Expense $14,341
- Insurance Expense $11,700
- Maintenance Expense $5,400
- Trash Expense $4,453
- Water Sewer Expense $5,854
- Operating Expense $120,563
- Gross Income $272,556
- Net Operating Income $140,682
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/07/2025 10/07/25 | Price Changed | $1,885,000 | -6.9% | -- |
| 08/15/2025 08/15/25 | For Sale | $2,025,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12447671
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