$699,000
PENDING

3546 147th St Midlothian, IL 60445

Estimated payment $5,513/month

Total Views 327
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

Investor 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.

Listing Agent

Chris Williams

HRE Real Estate Services License #475183224 Listed on: 08/04/2025

HRE Real Estate Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,227

Year Built

  • Built in 1967

Interior Spaces

  • 2-Story Property
  • Exterior Basement Entry

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Central Heating
  • Heating System Uses Gas

Community Details

Overview

  • 8 Units

Building Details

  • Electric Expense $1,702
  • Fuel Expense $3,312
  • Insurance Expense $5,500
  • Other 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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,227

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Exterior Entrance
  • Stories: 2
  • Year Built: 1967
  • Built Before 1978 (Y/N): Yes
  • Information: 48-Hr Notice Required
  • Estimated Age: Older
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily

Interior Features

  • Refrigerators: 8
  • Ranges: 8
  • Number of Windows: 8
  • Room: 1
  • Room: 1
  • Room: 0

Exterior Features

  • List Price: 699000

Garage/Parking

  • Outdoor Parking: 1-5 Spaces,Parking-Street

Utilities

  • Cooling: Wall Sleeve
  • Heat/Ventilation: Central Bldg Heat,Gas
  • Leased Washer Dryer YN: Yes

Fee Information

  • Trash Expense: 6786
  • Water Sewer Expenses: 3630
  • Janitor Expense: 0
  • Operating Expense Includes: Fuel,Insurance,Maintenance,Snow Removal,Trash,Water/Sewer,Electricity,Gas,Real Estate Tax

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 7500 sqft

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10

Multi Family

  • Net Operating Income: 58263
  • Fuel Expense: 3312
  • Insurance Expense: 5500
  • ElectricExpense: 1702
  • GrossIncome: 95400
  • NumberOfUnitsTotal: 8
  • OperatingExpense: 37137
  • Type Multi-Family: Corridor-Exterior Entrance

Tax Info

  • Tax Annual Amount: 20227
  • Tax Year: 2023

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/06/2025 08/06/25 Pending -- -- --
08/04/2025 08/04/25 For Sale $699,000 -- --
Source: Midwest Real Estate Data (MRED)

Source: Midwest Real Estate Data (MRED)

MLS Number: 12435388

Midwest Real Estate Data (MRED)