3905-3923 W 147th Street,Midlothian, IL 60445
Midlothian, IL 60445
Description
Excellent mixed-use investment opportunity in Midlothian! This well maintained building 7,528-square-foot property offers a versatile combination of four ground-floor commercial units and one spacious 2-bedroom, 1-bath residential apartment, creating multiple income streams within one property. The building is currently fully occupied, with a gross rental income of $94,800 annually, offering immediate income potential for the next owner. The commercial spaces include one approximately 2,690-square-foot unit and three approximately 1,090-square-foot units, while the second-floor residential unit offers approximately 1,500 square feet of living space. Current tenants include established commercial occupants with leases extending through 2028 and 2029, providing a strong mix of lease terms. Additional features include on-site parking, street parking, individual furnaces, central air conditioning for all units, and separate electrical service for each unit. Tenants are responsible for their in-unit electric, heat, and cooking gas, while the landlord covers common-area electricity, water, sewer, and trash removal. With its combination of commercial and residential income, established tenancy, and flexible mixed-use layout, this property offers a great opportunity for an investor or owner-user looking to add a multi-tenant asset to their portfolio.
Details
| MLS # | 12753737 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Year | 1955 |
| Days On Site | 23 |
| Listing Provided By | Keller Williams Preferred Rlty | Christina Barbaro |
Features
| SQ Feet | 7,528 |
|---|---|
| Story(s) | 2 |
| Units | 5 |
| Zoning | COMMR |
| Acreage | 0.43 |
Interior
| Cooling | Central Individual |
|---|
Exterior
| Roof | Rubber |
|---|---|
| Foundation Details | Concrete Perimeter |
| Construction Materials | Brick |
Utilities
| Utilities | Electric to Site, Natural Gas Available, Sewer Connected, Water Available |
|---|---|
| Electric | Separate Meters |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 29368.34 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Midlothian |
| Zip Code | 60445 |
| Area | Midlothian |
| Listing VS Median (in 60445) | |
Price: $670,000 low | high Med: $286,900 sqft: 7,528 low | high Med: 1,172 $ / sqft: $89 low | high Med: $249 On site: 23 low | high Med: 44.5 | |
Market Activity 60445
Request a showing
Request a showing
Contact
Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Midlothian |
| Zip Code | 60445 |
| Area | Midlothian |
| Listing VS Median (in 60445) | |
Price: $670,000 low | high Med: $286,900 sqft: 7,528 low | high Med: 1,172 $ / sqft: $89 low | high Med: $249 On site: 23 low | high Med: 44.5 | |