$600,000

3631 147th St Midlothian, IL 60445

Estimated payment $4,314/month

-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

Fantastic Investment Opportunity with Value-Add Potential! Discover this well-maintained 6-unit all-brick building offering strong cash flow and excellent value-add potential! The property features five occupied 2-bed/1-bath units and one vacant 1-bed/1-bath unit, providing a perfect opportunity for renovations, and owner-occupant option. Tenants enjoy the convenience of rear parking, with additional spaces available in the front, ensuring ample accommodation for all. Situated in a highly desirable area, the building is just minutes from the Metra station, shopping centers, restaurants, and everyday conveniences. This is a prime location with proven income and room to grow-an opportunity you don't want to miss!

Listing Agent

Steven Korosic

My Casa Realty Corp. Brokerage Phone: (708) 518-1757 License #475189745 Listed on: 12/05/2025

My Casa Realty Corp.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,002

Year Built

  • Built in 1962

Parking

  • 6 to 12 Parking Spaces

Additional Features

  • 3-Story Property
  • Heating System Uses Gas

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $600
  • Fuel Expense $7,200
  • Insurance Expense $6,800
  • Maintenance Expense $500
  • Manager Expense $5,796
  • Other Expense $500
  • Trash Expense $1,200
  • Water Sewer Expense $6,000
  • Operating Expense $28,596
  • Gross Income $6,900
  • Net Operating Income $54,204

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,002

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 3
  • Year Built: 1962
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required
  • Estimated Age: Older
  • Actual Status: New
  • SomePhotosVirtuallyStaged: No
  • Attribution Contact: (708) 518-1757
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Refrigerators: 6
  • Ranges: 6
  • Room: 0

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Heat/Ventilation: Gas

Condo/Co-op/Association

  • Manager Expense: 5796

Fee Information

  • Trash Expense: 1200
  • Water Sewer Expenses: 6000

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 6528
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10

Multi Family

  • Net Operating Income: 54204
  • Fuel Expense: 7200
  • Insurance Expense: 6800
  • ElectricExpense: 600
  • GrossIncome: 6900
  • Maintenance Expense: 500
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 28596
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 14002
  • Tax Year: 2023

Map

Range of Values:

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Value Increase
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/05/2025 12/05/25 For Sale $600,000 -- --
Source: Midwest Real Estate Data (MRED)

Source: Midwest Real Estate Data (MRED)

MLS Number: 12528078

Midwest Real Estate Data (MRED)