3824 147th Street

Midlothian, IL 60445

$599,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Prime Mixed-Use Income-Producing Gem Near 147th Street Metra Station! Welcome to a rare opportunity to own a versatile commercial property strategically located on a highly visible corner near the bustling 147th Street Metra Station. This property boasts a perfect blend of offices, retail spaces, and residential accommodations, offering a myriad of possibilities for savvy investors and entrepreneurs. Key Features: 12+ Offices, 2 Retail Stores, and a Charming 2-Bedroom Apartment, Central Air/Heating,...Prime Mixed-Use Income-Producing Gem Near 147th Street Metra Station! Welcome to a rare opportunity to own a versatile commercial property strategically located on a highly visible corner near the bustling 147th Street Metra Station. This property boasts a perfect blend of offices, retail spaces, and residential accommodations, offering a myriad of possibilities for savvy investors and entrepreneurs. Key Features: 12+ Offices, 2 Retail Stores, and a Charming 2-Bedroom Apartment, Central Air/Heating, Kitchen, and Bathroom in the Apartment. Ample Parking with 18 Spots Available. 600 AMP Service for Enhanced Power Needs. 3 Entry Points for Convenient Access, Energy-Efficient LED Lighting Throughout. Freshly Updated Flooring in Some Areas. Potential Approval for Condominium Development by the Village of Midlothian. Ideal Space for a Restaurant, Banquet Hall, or Daycare Center. With its diverse layout and strategic location, this property offers endless possibilities for income generation and business expansion. Whether you're looking to establish a new venture or expand an existing one, this property provides the perfect canvas for your vision. Don't miss out on this rare opportunity to own a property with such immense potential. Schedule a visit today to explore all that this remarkable commercial space has to offer!
  1. Listed by Karmen Spears • POWER Realty Chicagoland,PLLC

Property Details for 3824 147th Street

Area
Midlothian
Zoning
COMMR

Location

Listing Courtesy of POWER Realty Chicagoland,PLLC
Add your commute
LISTING UPDATED: 04/09/2024 09:51 AM

Property Details for 3824 147th Street

StatusActive
MLS #11829679
Days on Market662
Taxes$32,767 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1929
Lot Size0.18 AC / 7,790 SF
CountyCook County

Location

Listing Courtesy of POWER Realty Chicagoland,PLLC
Add your commute

Building Information for 3824 147th Street

Stories-Residences14Year Built1929Lot Size0.18 AC / 7,790 SF

Payment Calculator

$6,000 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,269

Property Taxes

$2,731

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3824 147th Street

General Information
Addtl Parking Information
  • Outdoor Parking: 19-30 Spaces
  • Open Parking Spaces: 40.0
Location and General Information
  • Geographic Locale: Southwest Suburban
  • Information: None
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Circuit Breakers, Service - 201 to 600 Amps, Over 600 Amps
  • Heat/Ventilation: Ceiling Units,Central Bldg Heat,Central Heat/Indiv Controls,Forced Air,Gas
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 1
Utilities / Equipment
  • Utilities: Electric to Site, Gas to Site, Sanitary Sewer, Water-Municipal, Water to Site
Property/Lot Information
  • Tenant Pays: Other, Varies by Tenant
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 147X120X70X44
  • Lot Size Square Feet: 7790.0
  • Stories: 2
  • Exterior Building Type: Brick
  • Roof Type: Membrane, Reflective Coating
  • Fire Protection: Alarm Monitored
  • Roof Structure: Pitched
  • Building Area Total: 14224
  • # Of Offices: 12
  • # Of Stores: 2
  • Property Sub Type: Mixed Use
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 24
Miscellaneous
  • Current Use: Commercial
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 14
Income & Expenses
  • Electric Expense: $6,000.00
  • Fuel Expense: $2,400.00
  • Gross Income: $147,240.00
  • Gross Scheduled Income: $147,240.00
  • Insurance Expense: $2,800.00
  • Electric Expense Source: Combination
  • Fuel Expense Source: Combination
  • Insurance Expense Source: Combination
  • Other Expense Source: Combination
  • Trash Expense Source: Combination
  • Total Monthly Income: 12270
  • Water Expense Source: Combination
  • Other Expense: $7,698.00
  • Trash Expense: $550.00
  • Water Sewer Expense: $500.00

Property History for 3824 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 3824 147th Street

Taxable ValueLand$2,337Additions$55,463Total$57,800
Tax Record2022$27,157 ($2,263 / month)
Home Facts
Baths5Total Finished SqFt14,224 SqFtAbove Grade Finished SqFt14,224 SqFtStories2Lot Size7,790 SqFtStyleMulti-Family Res (5+ Units)Year Built1929CountyCOOKAPN28-11-126-023

Schools near 3824 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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3824 147th Street is a mixed use property for sale in Midlothian, IL 60445. This property was listed for sale on July 12, 2022 by POWER Realty Chicagoland,PLLC, it's currently listed at $599,000. 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. 3824 147th Street is a 0-bed, 0-bath, mixed use property built in 1929.

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 POWER Realty Chicagoland,PLLC

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.