3037 Bright St

Franklin Park, IL 60131

$699,000
Price
5
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
Listed By Compass
Listed By Compass

Description

Legacy-Owned 6-Unit Investment Opportunity! This well-maintained, value-add building has been owned by the same family for over 50 years and features five 1-bedroom/1-bathroom units and one unit currently operating as a church with a half bath. All units are month-to-month, offering flexibility for repositioning or rent increases-comparable rents are significantly higher, making this a rare upside opportunity. Tenants pay electric. Property includes hot water heat, six assigned parking spaces, and...Legacy-Owned 6-Unit Investment Opportunity! This well-maintained, value-add building has been owned by the same family for over 50 years and features five 1-bedroom/1-bathroom units and one unit currently operating as a church with a half bath. All units are month-to-month, offering flexibility for repositioning or rent increases-comparable rents are significantly higher, making this a rare upside opportunity. Tenants pay electric. Property includes hot water heat, six assigned parking spaces, and a village inspection report available for review. A true generational asset-ideal for investors looking to modernize and capitalize on under-market rents in a strong suburban location.

Property Details for 3037 Bright Street

Area
Franklin Park
Township
Leyden
Ownership
Fee Simple
Air Conditioning Type
None
Zoning
MULTI
LISTING UPDATED: 10/19/2025 03:48 PM

Property Details for 3037 Bright Street

StatusActive
MLS #12378114
Days on Market182
Taxes$11,267 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Exterior Entrance
Year Built1963
Lot Size0.11 AC / 5,000 SF
CountyCook County

Location

Listing Courtesy of: .

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Virtual Tour

Building Information for 3037 Bright Street

Stories2Residences6Year Built1963Building Size-Lot Size0.11 AC / 5,000 SF

Payment Calculator

$4,393 per month

30 year fixed, 6.28% Interest

Principal and Interest

$3,454

Property Taxes

$939

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3037 Bright Street

General Information
School Information
  • Elementary School District: 83
  • High School District: 83
Addtl Parking Information
  • Outdoor Parking: 6-12 Spaces
Location and General Information
  • Information: List Broker Must Accompany,48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Basement Type: Unfinished, Concrete, Storage Space
  • Bedrooms Possible: 12
  • Air Conditioning: None
  • Heat/Ventilation: Gas,Hot Water
  • # Of Refrigerators: 6
  • Num of Baths: 5.1
Exterior Features
  • Misc Outside: Balcony/ies
Utilities / Equipment
  • Appliances: Refrigerator
Property/Lot Information
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Age: 61-70 Years, 51-100 Years
  • Multi-Family Type: Corridor-Exterior Entrance,Flats,Other
  • Total Sq Ft: 3201.0
  • Lot Size: 5000.0
  • Lot Size Source: County Records
  • Lot Dimensions: 100X50
  • Lot Size Square Feet: 5000.0
  • Stories: 2
  • Total # Units in Building: 6.0
  • Exterior Building Type: Brick
  • Construction: Brick
  • Roof Structure: Flat
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 3201
  • # Of Ranges: 6
Property and Assessments
  • Public Document Count: 2
  • Document Date: 2025-06-27T17:27:30
  • Photos Count: 33
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Room Information
Master Bedroom Information
  • Master Bedroom Level: Main Level
  • Master Bedroom Bath: None
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $372.00
  • Fuel Expense: $2,148.00
  • Gross Income: $57,600.00
  • Gross Scheduled Income: $57,600.00
  • Insurance Expense: $.00
  • Maintenance Expense: $.00
  • Electric Expense Source: Owner Projection
  • Expense Year: 2025
  • Total Annual Expense Source: Owner Projection
  • Fuel Expense Source: Owner Projection
  • Janitor Expense: 0
  • Other Expense Source: Owner Projection
  • Trash Expense Source: Actual
  • Total Monthly Income: 4800
  • Water Expense Source: Owner Projection
  • Net Operating Income: $.00
  • Operating Expense: $.00
  • Other Expense: $1,002.00
  • Trash Expense: $1,356.00
  • Water Sewer Expense: $1,656.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 5
Unit 2
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 1
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 3037 Bright Street

DateEvent & SourcePriceAppreciation
Jun 6, 2025

Listed (Active)

MRED #12378114

$699,000—
DateEvent & SourcePrice
06/06/2025

Listed (Active)

MRED #12378114

$699,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3037 Bright Street

Taxable ValueLand$5,750Additions$29,109Total$34,859
Tax Record2023$11,267 ($939 / month)
Home Facts
Baths6Total Finished SqFt3,201 SqFtAbove Grade Finished SqFt3,201 SqFtStories2Lot Size5,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1963CountyCOOKAPN12-29-210-002

Schools near 3037 Bright Street

This home is within Leyden Chsd 212 School District.
Rating
School
Type
Grades
Distance
Westdale Elementary School
Public - K to 5
Mannheim Middle School
Public - 6 to 8
West Leyden High School
Public - 9 to 12
Enger School
Public - PK to 8
Rating
School
Distance
Westdale Elementary School
PublicK to 5

Mannheim Middle School
Public6 to 8

West Leyden High School
Public9 to 12

Enger School
PublicPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 3037 Bright Street, Franklin Park, IL 60131

3037 Bright Street is a multi-family home for sale in Franklin Park, IL 60131. This property was listed for sale on June 6, 2025 by Compass, it's currently listed at $699,000. This listing's school districts are Mannheim School District 83, Leyden Chsd 212 School District. Nearby schools include Westdale Elementary School, Mannheim Middle School and West Leyden High School. 3037 Bright Street is a 5-bed, 6-bath, multi-family home built in 1963.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 10/19/2025 03:48 PM. 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.