Address
3546 147th Street, Midlothian, IL
Price
$ 649,900
Property Attributes
- MLS#12031659
- TypeContingent
- CountyCOOK
- CityMidlothian
- AreaMidlothian
- Zip60445
- StyleMulti-Family
- Year Built1965
- Taxes$ 17675
- Price$ 649,900
- Bedrooms1
- Full Bathrooms0
- Half Bathrooms0
Data Source:
Midwest Real Estate Data (MRED)
Property 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 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.
| Price History | |
|---|---|
| 4/26/2024 | Listed $649,900 |
General Features
| Cooling | Wall Sleeve |
|---|---|
| Roof | Composition |
| Zoning | MULTI |
| Association Fee Includes | None |
| Construction Materials | Brick |
| Year Built | 1965 |
| Electric | Circuit Breakers |
| Tenant Pays | Air Conditioning,Electricity,Hot Water |
| Stories | 2 |
| Township | Bremen |
| Tax Year | 2022 |
| Current Use | Multi-Family |
| Gross Income | 102000 |
| County | Cook |
| Net Operating Income | 56293 |
| Operating Expense | 44507 |
| Insurance Expense | 5000 |
| Property Type | Commercial Sale |
| Contingency | Attorney/Inspection |
| MaintenanceExpense | 5040 |
| Status | Contingent |
| Directions | EAST OF PULASKI ON 147TH- 3BLKS EAST OF TRACKS,between Central Park and Clifton Park |
| City | Midlothian |
| Total Units | 8 |
| MLS Area | Midlothian |
| Street Name | 147th |
| Tax Annual Amount | 17675 |
| Electric Expense | 880 |
| Fuel Expense | 2525 |
| Trash Expense | 2800 |
| Water Sewer Expense | 2742 |
| Additional Parcels Y/N | No |
| Days on Market | 21 |
| Standard Status | Active Under Contract |
| Property Type | Multi Family 5+ |
Interior Features
| Street Suffix | Street |
|---|---|
| Basement | Unfinished |
Exterior Features
| Foundation Details | Concrete Perimeter |
|---|---|
| Lot Dimensions | 60X118 |
| Frontage Type | City Street |
| Exterior | Brick |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Contingent Average in 60445
Price
Taxes
Visits
Year Built
Midwest Real Estate Data (MRED) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than NextHome Select Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2024 All rights reserved.Based on information submitted to the MLS GRID as of May 18, 2024 2:23 PM UTC 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.
Data is updated as of May 18, 2024 2:23 PM UTC
