3919-3923 W 147th St - Retail FOR SALE


Midlothian, IL 60445
$670,000 USD
708-932-9522
3919-3923 W 147th St, Midlothian, IL for Sale
$670,000 USD
Retail - FOR SALE
1/2
null | 5.82% Cap Rate

3919-3923 W 147th St
Midlothian, IL 60445


HIGHLIGHTS

  • Fully Leased on Very busy street

OVERVIEW

Excellent mixed-use investment opportunity in Midlothian! This well maintained building 7,528-square-foot property offers a versatile combination of four ground-floor commercial units and one spacious 2-bedroom, 1-bath residential apartment, creating multiple income streams within one property. The building is currently fully occupied, with a gross rental income of $94,800 annually, offering immediate income potential for the next owner. The commercial spaces include one approximately 2,690-square-foot unit and three approximately 1,090-square-foot units, while the second-floor residential unit offers approximately 1,500 square feet of living space. Current tenants include established commercial occupants with leases extending through 2028 and 2029, providing a strong mix of lease terms. Additional features include on-site parking, street parking, individual furnaces, central air conditioning for all units, and separate electrical service for each unit. Tenants are responsible for their in-unit electric, heat, and cooking gas, while the landlord covers common-area electricity, water, sewer, and trash removal. With its combination of commercial and residential income, established tenancy, and flexible mixed-use layout, this property offers a great opportunity for an investor or owner-user looking to add a multi-tenant asset to their portfolio.

FOR SALE DETAILS

PRICE

$670,000 USD

PRICE/SF

$89 USD /SF

CAP RATE

5.82%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Bar, Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,528 SF

ZONING

B-2

APN/PARCEL ID

28-11-300-035-0000

ASK ABOUT THIS PROPERTY

Anthony MeierKeller Williams Preferred RealtyMore Info
708-932-9522

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

Anthony MeierKeller Williams Preferred RealtyMore Info
708-932-9522

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