3546 W 147th St - Apartments FOR SALE


Midlothian, IL 60445
$699,000 USD
773-972-3690
3546 W 147th St, Midlothian, IL for Sale
$699,000 USD
Apartments - FOR SALE
1/1
null | 8.28% Cap Rate

3546 W 147th St
Midlothian, IL 60445


OVERVIEW

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. Situated in the heart of Midlothian, 3546 147th St offers a strategic location in Chicago's south suburbs with convenient access to major roadways, public transportation, and everyday essentials. Just minutes from I-294, the property provides an easy commute to downtown Chicago and surrounding suburbs. The Midlothian Metra Station is less than a mile away, offering a quick and reliable option for commuters. The area is a mix of residential charm and commercial convenience, with nearby shopping centers, restaurants, schools, parks, and essential services all within close reach. Located on a well-traveled street with visibility and accessibility, this location is ideal for tenants seeking a central and connected community.

FOR SALE DETAILS

PRICE

$699,000 USD

PRICE/SF

$134 USD /SF

# OF UNITS

8

PRICE/UNIT

$87,375

CAP RATE

8.28%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1967

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,501 SF

ZONING

D, Midlothian

APN/PARCEL ID

28-11-223-027-0000

ASK ABOUT THIS PROPERTY

Chris WilliamsHRE Real Estate ServicesMore Info
773-972-3690

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Chris WilliamsHRE Real Estate ServicesMore Info
773-972-3690

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.