147th Flats Apartments
Multifamily | 36 Units | $104,444/unit
Marketing description
Real Realty is pleased to represent this portfolio of buildings off 147th Street in Midlothian, IL. The offering consists of 6 nearly identical 6-unit buildings. All buildings consists of 1 - one-bedroom and 5 - two-bedroom units. Each building has a central boiler and central hot water heater. Heat and hot water are paid by landlord. Tenants pay for electricity.
21 of the 36 units have been remodeled and are achieving premiums of $150+ more in rent for 1-bedrooms and $250+ for 2 bedroom units than the non-renovated apartments. This is an opportunity for a investor to purchase these buildings and continue to improve units and increase revenue to further maximize returns.
Investment highlights
83% - 2 Bedroom Apartments
Well Maintained Buildings
58% Renovated Units
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