3642 147th Place Midlothian, IL 60445
Estimated payment $5,068/month
About This Home
This solid brick 6-unit multifamily property presents a turnkey investment opportunity with meaningful capital improvements already completed. Units have been updated with new flooring, modern appliances, upgraded plumbing, and breaker electrical panels, reducing immediate maintenance needs while enhancing tenant appeal. The building's major systems provide stability for long-term ownership, including a roof with shingles replaced approximately 10 years ago and a boiler system in serviceable condition. The property's durable brick construction and updated interiors position it well for continued rental demand and future rent growth. With strong in-place upgrades, reliable mechanicals, and a low-maintenance exterior, this asset offers investors a balanced combination of current cash flow and long-term durability in a stable Midlothian rental market.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,961
Year Built
- Built in 1963
Home Design
- Brick Exterior Construction
- Pitched Roof
Additional Features
- 3-Story Property
- Lot Dimensions are 50x120
- Radiant Heating System
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $598
- Fuel Expense $4,883
- Insurance Expense $3,860
- Maintenance Expense $3,600
- Manager Expense $9,510
- Trash Expense $954
- Water Sewer Expense $3,243
- Operating Expense $42,148
- Gross Income $95,100
- Net Operating Income $52,952
Map
Home Values in the Area
Average Home Value in this Area
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 | $13,961 | $36,890 | $2,150 | $34,740 |
| 2024 | $13,961 | $36,890 | $2,150 | $34,740 |
| 2023 | $15,263 | $36,890 | $2,150 | $34,740 |
| 2022 | $15,263 | $32,486 | $1,843 | $30,643 |
| 2021 | $15,251 | $33,763 | $1,843 | $31,920 |
| 2020 | $14,524 | $33,763 | $1,843 | $31,920 |
| 2019 | $14,314 | $32,956 | $1,689 | $31,267 |
| 2018 | $14,088 | $32,956 | $1,689 | $31,267 |
| 2017 | $13,578 | $32,956 | $1,689 | $31,267 |
| 2016 | $9,789 | $22,816 | $1,536 | $21,280 |
| 2015 | $12,218 | $29,127 | $1,536 | $27,591 |
| 2014 | $11,858 | $29,127 | $1,536 | $27,591 |
| 2013 | $10,877 | $29,732 | $1,536 | $28,196 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/23/2026 03/23/26 | Pending | -- | -- | -- | |
| 03/16/2026 03/16/26 | For Sale | $725,000 | +70.6% | -- | |
| 04/23/2021 04/23/21 | Sold | $425,000 | -5.3% | -- | View Prior Sale |
| 03/05/2021 03/05/21 | Pending | -- | -- | -- | |
| 03/03/2021 03/03/21 | For Sale | $449,000 | 0.0% | -- | |
| 02/18/2021 02/18/21 | Pending | -- | -- | -- | |
| 01/20/2021 01/20/21 | Price Changed | $449,000 | -4.3% | -- | |
| 12/11/2020 12/11/20 | For Sale | $469,000 | +10.4% | -- | |
| 11/30/2020 11/30/20 | Off Market | $425,000 | -- | -- | |
| 10/26/2020 10/26/20 | Price Changed | $469,000 | -4.1% | -- | |
| 09/29/2020 09/29/20 | For Sale | $489,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12593096
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
- 3625 147th St
- 3618 148th St
- 14832 Clifton Park Ave
- 14503 Waverly Ave
- 14301 Hamlin Ave
- 14439 Lawndale Ave
- 14904 Springfield Ave
- 15031 Hamlin Ave
- 14539 Crawford Ave
- 14613 Keystone Ave
- 14328 Lawndale Ave
- 4031 147th St
- 14547 Keystone Ave Unit 12
- 14618 Keystone Ave
- 15112 Ridgeway Ave
- 15035 Harding Ave
- 14903 Terrace Ln
- 15120 Springfield Ave
- 3206 Kinne Rd
- 4 Joseph Ct
Ask me questions while you tour the home.