3546 147th St Midlothian, IL 60445
Estimated payment $5,513/month
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.
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
Map
Home Values in the Area
Average Home Value in this Area
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)
MLS Number: 12435388

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