3546 147th Street

Midlothian, IL 60445

$649,900
Price
8
Beds
8
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Incredible opportunity to own this fully leased Midlothian 8-unit building consisting of oversized one bed/one bath apartments. Recently installed brand new 2023 boiler! Tankless water heaters installed in each unit and paid for by tenants. Double sized lot with abundant parking and outdoor space. Building currently bringing in $7,500 a month in revenue with the ability to increase to $8,500 without additional investment through upcoming lease renewals. Being offered at a near 9 CAP pro forma with...Incredible opportunity to own this fully leased Midlothian 8-unit building consisting of oversized one bed/one bath apartments. Recently installed brand new 2023 boiler! Tankless water heaters installed in each unit and paid for by tenants. Double sized lot with abundant parking and outdoor space. Building currently bringing in $7,500 a month in revenue with the ability to increase to $8,500 without additional investment through upcoming lease renewals. Being offered at a near 9 CAP pro forma with professional management in place that can either be continued or cancelled upon purchase. Reach out to listing agent for full rent roll and expense breakdown.
  1. Listed by Alan Cosby • Westward 360

Property Details for 3546 147th Street

Area
Midlothian
Township
Bremen
Num of Interior Fireplaces
0
Zoning
MULTI

Location

Listing Courtesy of Westward 360
Add your commute
LISTING UPDATED: 05/01/2024 12:07 AM

Property Details for 3546 147th Street

StatusActive
MLS #12031659
Days on Market10
Taxes$17,675 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Exterior Entrance
Year Built1965
Lot Size0.16 AC / 7,080 SF
CountyCook County

Location

Listing Courtesy of Westward 360
Add your commute

Building Information for 3546 147th Street

Stories-Residences8Year Built1965Building Size-Lot Size0.16 AC / 7,080 SF

Payment Calculator

$5,020 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,547

Property Taxes

$1,473

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3546 147th Street

General Information
Addtl Parking Information
  • Outdoor Parking: 1-5 Spaces
  • Open Parking Spaces: 5.0
Location and General Information
  • Frontage Type: City Street
  • Information: List Broker Must Accompany,48-Hr Notice Required,No Sign on Property
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Wall Sleeve
  • Electric: Circuit Breakers
  • # Of Washers: 1
  • Basement Description: Unfinished
  • Heat/Ventilation: Central Bldg Heat,Gas,Hot Water,Baseboard
  • # Of Window/Ac: 8
  • # Of Refrigerators: 8
  • Washer/Dryer Lsd: Yes
  • # Of Dryers: 1
  • # Of Disposals: 0
  • # Of Dishwashers: 0
  • Num of Baths: 8.0
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Air Conditioning, Electricity, Hot Water
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Corridor-Exterior Entrance
  • Lot Dimensions: 60X118
  • Lot Size Square Feet: 0.0
  • Stories: 2
  • Exterior Building Type: Brick
  • Construction: Brick
  • Roof Type: Composition
  • Roof Structure: Hip
  • Foundation Details: Concrete Perimeter
  • # Of Ranges: 8
  • MRD_UNC: No
Property and Assessments
  • Documents Available: Rent Roll,Operating Statement
  • Public Document Count: 0
  • Photos Count: 19
Miscellaneous
  • Current Use: Multi-Family
  • Land Amenities: Sidewalks
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 8
Income & Expenses
  • Electric Expense: $880.00
  • Fuel Expense: $2,525.00
  • Gross Income: $102,000.00
  • Gross Scheduled Income: $10,200.00
  • Insurance Expense: $5,000.00
  • Maintenance Expense: $5,040.00
  • Manager Expense: $5,040.00
  • Electric Expense Source: Actual
  • Expense Year: 2023
  • Total Annual Expense Source: Broker Projection
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Broker Projection
  • Janitor Expense: 0
  • Manager Expense Source: BP
  • Net Operating Income Year: 2023
  • Other Expense Source: Broker Projection
  • Repairs-Decor Expense Source: Broker Projection
  • Trash Expense Source: Broker Projection
  • Total Monthly Income: 8500
  • Water Expense Source: Actual
  • Net Operating Income: $56,293.00
  • Operating Expense: $44,507.00
  • Other Expense: $.00
  • Trash Expense: $2,800.00
  • Water Sewer Expense: $2,742.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 8
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 0
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 3546 147th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 3546 147th Street

Taxable ValueLand$6,000Additions$31,620Total$37,620
Tax Record2022$17,675 ($1,473 / month)
Home Facts
Total Finished SqFt4,480 SqFtAbove Grade Finished SqFt4,480 SqFtStories2Lot Size7,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1966CountyCOOKAPN28-11-223-027

Schools near 3546 147th Street

This home is within Midlothian School District 143.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 9 to 12
Public - PK to 3
Public - 11 to 12
Rating
School
Distance
Springfield Elementary School
PublicPK to 6

Bremen High School
Public9 to 12

Spaulding School
PublicPK to 3

Delta Academy and Achieve
Public11 to 12

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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3546 147th Street is a multi-family home for sale in Midlothian, IL 60445. This property was listed for sale on April 25, 2024 by Westward 360, it's currently listed at $649,900. It has been on the market for a total of 10 days and was last sold on September 29, 2017. This listing's school districts are Midlothian School District 143, Bremen Chsd 228 School District. Nearby schools include Springfield Elementary School, Bremen High School and Spaulding School. 3546 147th Street is a 8-bed, 8-bath, multi-family home built in 1965.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Westward 360

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. Based on information submitted to the MLS GRID as of 05/01/2024 12:07 AM. 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.