Seller's Agent in 2025
Chris Williams
HRE Real Estate Services
(708) 220-7613
1 in this area
8 Total Sales
3546 147th St Midlothian, IL 60445
--
Bed
--
Bath
--
Sq Ft
1967
Built
Highlights
- Laundry Room
- Central Heating
- 4-minute walk to Midlothian Station
About This Home
As of October 2025Investor opportunity in the thriving south suburban village of Midlothian! This fully occupied 8-unit California-style multifamily property offers strong in-place income with immediate value-add potential. Each unit is separately metered, and tenants pay their own electric, keeping operating expenses low. The building features individual electric tankless water heaters in every unit, providing efficiency and convenience. A major system upgrade was completed with the boiler replaced in 2023, offering peace of mind for years to come. This is a solid opportunity to add value through rent increases and potential cosmetic updates. Conveniently located near transportation, retail, and local amenities, this is a smart addition to any multifamily portfolio.
Last Agent to Sell the Property
HRE Real Estate Services License #475183224 Listed on: 09/08/2025
Last Buyer's Agent
Inactive Inactive
Baird & Warner Fox Valley - Geneva
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $20,227
Year Built
- Built in 1967
Home Design
- Brick Exterior Construction
Interior Spaces
- 2-Story Property
- Exterior Basement Entry
- Laundry Room
Utilities
- Cooling System Mounted In Outer Wall Opening
- Central Heating
- Heating System Uses Gas
Listing and Financial Details
- Tenant pays for electricity, hot water
Community Details
Overview
- 8 Units
Building Details
- Electric Expense $1,702
- Fuel Expense $3,312
- Insurance Expense $5,500
- Maintenance Expense $1,480
- Trash Expense $6,786
- Water Sewer Expense $3,630
- Operating Expense $37,137
- Gross Income $95,400
- Net Operating Income $58,263
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/31/2025 10/31/25 | Sold | $599,000 | +1.7% | -- |
| 09/16/2025 09/16/25 | Pending | -- | -- | -- |
| 09/08/2025 09/08/25 | For Sale | $589,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $20,227 | $53,447 | $2,625 | $50,822 |
| 2024 | $20,227 | $53,447 | $2,625 | $50,822 |
| 2023 | $17,675 | $53,447 | $2,625 | $50,822 |
| 2022 | $17,675 | $37,621 | $6,000 | $31,621 |
| 2021 | $16,993 | $37,620 | $6,000 | $31,620 |
| 2020 | $16,183 | $37,620 | $6,000 | $31,620 |
| 2019 | $14,077 | $32,409 | $5,625 | $26,784 |
| 2018 | $13,854 | $32,409 | $5,625 | $26,784 |
| 2017 | $13,816 | $33,535 | $5,625 | $27,910 |
| 2016 | $11,754 | $27,397 | $4,125 | $23,272 |
| 2015 | $8,954 | $21,346 | $4,125 | $17,221 |
| 2014 | $8,681 | $21,323 | $4,125 | $17,198 |
| 2013 | $9,482 | $25,919 | $4,125 | $21,794 |
Source: Public Records
Agents Affiliated with this Home
-
Chris Williams
-
I
Buyer's Agent in 2025
Inactive Inactive
Baird Warner
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12466708
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Based on information submitted to the MLS GRID
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