14724 Turner Ave

Midlothian, IL 60445

$500,000
Price
20
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Turnkey 5-Unit Townhome Investment - No Vacancy~Prime investment opportunity in this fully occupied 5-unit property in Midlothian, IL, offers immediate cash flow with strong rental demand. Each spacious 2-story unit features 4 bedrooms, 2 bathrooms, an eat-in kitchen, a large living room, and an in-unit laundry room. Key Highlights: Fully Occupied, No Association Fees - Maximizing investor returns, 6 Separate PINs - One for each unit + parking lot, Low Maintenance - All systems in working order Strong...Turnkey 5-Unit Townhome Investment - No Vacancy~Prime investment opportunity in this fully occupied 5-unit property in Midlothian, IL, offers immediate cash flow with strong rental demand. Each spacious 2-story unit features 4 bedrooms, 2 bathrooms, an eat-in kitchen, a large living room, and an in-unit laundry room. Key Highlights: Fully Occupied, No Association Fees - Maximizing investor returns, 6 Separate PINs - One for each unit + parking lot, Low Maintenance - All systems in working order Strong Rental Market - Room for Increased rents comparing to other rentals in the area. This is a rare opportunity to own a well-maintained, income-producing property in a desirable rental market. Perfect for investors seeking steady cash flow and minimal expenses. Don't miss out-schedule a showing today!
  1. Listed by Deanna Mihalek • Baird & Warner

Property Details for 14724 Turner Avenue

Area
Midlothian
Township
Bremen
Num of Interior Fireplaces
0
Zoning
MULTI
LISTING UPDATED: 04/17/2025 06:06 PM

Property Details for 14724 Turner Avenue

StatusContingent
MLS #12284298
Days on Market32
Taxes$17,377 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Condo/Townhouse
Year Built1963
Lot Size0.43 AC / 18,700 SF
CountyCook County

Building

14724 Turner Ave

5 Units2 StoriesBuilt in 1963

Building Information for 14724 Turner Avenue

Stories2Residences5Year Built1963Building Size-Lot Size0.43 AC / 18,700 SF

Property Information for 14724 Turner Avenue

General Information
Addtl Parking Information
  • Outdoor Parking: 6-12 Spaces
Location and General Information
  • Frontage Type: City Street
  • Information: 48-Hr Notice Required
Taxes and HOA Information
  • Association Fee Includes: None
  • Additional Parcels: Yes
Property Information
Interior Features
  • Basement Type: Crawl Space
  • Electric: Circuit Breakers, Service - 0 to 100 Amps
  • # Of Washers: 5
  • Heat/Ventilation: Forced Air,Gas
  • # Of Refrigerators: 5
  • Washer/Dryer Lsd: No
  • # Of Dryers: 5
  • # Of Disposals: 0
  • # Of Dishwashers: 5
  • Num of Baths: 10.0
Exterior Features
  • Misc Outside: Storms and Screens (as exist)
Utilities / Equipment
  • Sewer: Storm Sewer
  • Water: Municipal Water
  • Utilities: Sewer Connected
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Condo/Townhouse
  • Lot Dimensions: 100 X 187
  • Lot Size Square Feet: 18700.0
  • Stories: 2
  • Construction: Brick
  • Roof Type: Composition, Fiberglass
  • Fire Protection: Carbon Monoxide Detector(s)
  • Roof Structure: Gable
  • Building Area Total: 8000
  • # Of Ranges: 5
  • Conversion: N
Property and Assessments
  • Possible Use: Multi-Family
  • Buyer Financing: Conventional
  • Public Document Count: 2
  • Document Date: 2025-04-10T17:22:46
  • Photos Count: 14
  • Deconversion: N
Miscellaneous
  • Current Use: Multi-Family
  • Land Amenities: Lighting/Exterior,Sidewalks
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 5
Income & Expenses
  • Electric Expense: $8,181.00
  • Fuel Expense: $.00
  • Gross Income: $83,073.00
  • Gross Scheduled Income: $82,393.00
  • Insurance Expense: $3,934.00
  • Maintenance Expense: $15,299.00
  • Expense Year: 2024
  • Total Annual Expense Source: Owner Projection
  • Janitor Expense: 0
  • Total Monthly Income: 6390
  • Net Operating Income: $33,405.00
  • Operating Expense: $48,988.00
  • Other Expense: $4,196.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00
Unit 1
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 4
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 1
Unit 2
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 4
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 1
Unit 3
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 4
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 1
Unit 4
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 4
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 1
Unit 5
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 4
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 1
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 14724 Turner Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 14724 Turner Avenue

Taxable ValueLand$507Additions$5,370Total$5,877
Tax Record2018$2,512 ($209 / month)
Home Facts
Beds3Baths1Total Finished SqFt1,402 SqFtAbove Grade Finished SqFt1,402 SqFtStories2Lot Size1,847 SqFtStyleTownhouseYear Built1963CountyCOOKAPN28114080740000

Schools near 14724 Turner Avenue

This home is within Midlothian School District 143.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 11 to 12
Public - PK to 3
Rating
School
Distance
Central Park Elementary School
PublicK to 8

Bremen High School
Public9 to 12

Delta Academy and Achieve
Public11 to 12

Spaulding School
PublicPK to 3

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.

Neighborhood Map and Transit

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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.

Listing Courtesy of Baird & Warner

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 04/17/2025 06:06 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.