3546 147th Street Midlothian, IL 60445

$649,900
$649,900
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1/19
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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.

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.

  • Neighborhood
  • Type
  • County
    Cook
  • Area
    Midlothian
  • Tax Amount
    $17,675
  • Status
    Active
  • Listing #
    12031659
  • Built
    1965
  • Listed on site
    11 days

Listed by:
Westward 360

mls source logo © 2020 Midwest Real Estate Data LLC. All rights reserved. Listing courtesy of Westward 360.
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Property details

Community Features

  • No HOA

Exterior features

  • No Pool
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