This solid brick 6-unit multifamily property presents a turnkey investment opportunity with meaningful capital improvements already completed. Units have been updated with new flooring, modern appliances, upgraded plumbing, and breaker electrical panels, reducing immediate maintenance needs while enhancing tenant appeal. The building's major systems provide stability for long-term ownership, including a roof with shingles replaced approximately 10 years ago and a boiler system in serviceable condition. The property's durable brick construction and updated interiors position it well for continued rental demand and future rent growth. With strong in-place upgrades, reliable mechanicals, and a low-maintenance exterior, this asset offers investors a balanced combination of current cash flow and long-term durability in a stable Midlothian rental market.
Listed By
Agency Name: Listing Leaders Northwest, Inc
Agency Phone: 219-961-5478
Shown By
Agent Name: Elmo Dowd
Agent Phone: (815) 520-3939
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate
Estimated Payment
$ 2,988.41 per month $1,613.54 Principal & Interest $1,163.42 Property Tax $211.46 Homeowner's Insurance
3642 147th Place | MLS# 12593096
This multi-family property located at 3642 147th Place, Midlothian, IL 60445 is currently listed for sale with an asking price of $725,000. Search Midlothian real estate on elmo.bhhscrosby.com today.