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3625 147th St 6 Unit Apartment Building $695,000 ($115,833/Unit) 7.71% Cap Rate Midlothian, IL 60445
Investment Highlights
- Strong returns
- Copper plumbing
- Upside potential
Executive Summary
Real Realty is pleased to present for sale 3625 147th St in Midlothian, IL. This property contains (5) two bedroom-one baths along with (1) one bedroom-one bath. Three of the apartments are fully rehabed, while the remaining three provide substantial upside in rent premiums of $200+ per unit post renovation.
80% copper plumbing throughout the building along with a Weil-Mclain tankless boiler to save on gas. This is an opportunity for an investor to purchase these properties and continue to improve units to fuirther maximize returns.Opportunity to purchase a similar 6-flat in Midlothian (14618 Keystone Ave) along with this property.
80% copper plumbing throughout the building along with a Weil-Mclain tankless boiler to save on gas. This is an opportunity for an investor to purchase these properties and continue to improve units to fuirther maximize returns.Opportunity to purchase a similar 6-flat in Midlothian (14618 Keystone Ave) along with this property.
Property Facts
| Price | $695,000 | Property Subtype | Apartment |
| Price Per Unit | $115,833 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 7.71% | Building Size | 4,575 SF |
| Gross Rent Multiplier | 7.48 | No. Stories | 2 |
| No. Units | 6 | Year Built/Renovated | 1962/2019 |
| Property Type | Multifamily | ||
| Zoning | R-2 - Primarily single-family detached homes, alongside compatible limited public and institutional uses (e.g., schools, parks). | ||
| Price | $695,000 |
| Price Per Unit | $115,833 |
| Sale Type | Investment |
| Cap Rate | 7.71% |
| Gross Rent Multiplier | 7.48 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 4,575 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1962/2019 |
| Zoning | R-2 - Primarily single-family detached homes, alongside compatible limited public and institutional uses (e.g., schools, parks). |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 5 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 28-11-305-028-0000 | Improvements Assessment | $32,715 |
| Land Assessment | $2,285 | Total Assessment | $35,000 |
Property Taxes
Parcel Number
28-11-305-028-0000
Land Assessment
$2,285
Improvements Assessment
$32,715
Total Assessment
$35,000
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3625 147th St
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