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26395550
26395551

3625 147th Street, Midlothian, IL 60445

Real Realty Inc
Listed by Real Realty Inc
$3,760,000
293 days on market
Updated 39 days ago

3625 147th Street

Details
APN 28113050280000
Property Type Multifamily
Sub Type Apartment Building, Multi Family 5+
Units 36
Cap Rate 7.77%
NOI $292,327
Year Built 1970
Stories 2

Multifamily | 7.77% CAP | 36 Units

Marketing description

ATTENTION: THIS IS A PORTFOLIO SALE OF ALL SIX IDENTICAL SIX-UNIT BUILDINGS ON THE SAME STREET. THE ADDRESSES ARE 3625 147TH ST, 3626 147TH PL, 3632 147TH Pl, 3635 147TH St, 3638 147TH PL, 3646 147TH PL IN MIDLOTHIAN, IL 60445. 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. 9 of the 18 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.
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Listing Contacts

Real Realty Inc
Listed by Real Realty Inc

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$292,327.00
$24,360.58/mo

Valuation Metrics

0
DSCR
7.77%
Cap Rate
7.77%
ROI

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