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3037 Bright Street Franklin Park, IL $ 699,000
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$ 699,000 Get more info
3037 Bright Street
$ 699,000
Back to search
Share Save

3037 Bright Street

Franklin Park, IL, 60131
$ 699,000
Bedrooms1 Baths0.0 Sq 3,201

Monthly Estimate*

$ 4,361

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Multi-Family Home for sale in Franklin Park, IL

for $699,000 with 1 bedroom. This 3,201 square foot home was built in 1963 on a lot size of 0.114784.

Legacy-Owned 6-Unit Investment Opportunity! This well-maintained, value-add building has been owned by the same family for over 50 years and features five 1-bedroom/1-bathroom units and one unit currently operating as a church with a half bath. All units are month-to-month, offering flexibility for repositioning or rent increases-comparable rents are significantly higher, making this a rare upside opportunity. Tenants pay electric. Property includes hot water heat, six assigned parking spaces, and a village inspection report available for review. A true generational asset-ideal for investors looking to modernize and capitalize on under-market rents in a strong suburban location.

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Multi-Family Active

Price

$ 699,000

Bedrooms

1

Property Type

Multi-Family

Taxes

$ 11,267

Style

Lot Size

0.114784

Year Built

1963

Town/City

Franklin Park

County/Region

Cook

MLS | Web ID

12378114
Features
General
Cooling None
Zoning MULTI
Construction Materials Brick
Year Built 1963
Tenant Pays Electricity
Stories Count 2
Township Leyden
Tax Year 2023
Gross Income 57600
County Cook
Net Operating Income 0
Operating Expense 0
Insurance Expense 0
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 0
Status Active
Directions Turn right onto US-12 W/US-20 W/US-45 N/N Mannheim Rd Turn left onto Schiller Blvd Turn right onto Bright St.
City Franklin Park
Number Of Units Total 6
MLS Area Franklin Park
Lot Size Square Feet 5000
Tax Annual Amount 11267.34
Electric Expense 372
Fuel Expense 2148
Trash Expense 1356
Water Sewer Expense 1656
Additional Parcels Y/N N
Standard Status Active
Cap Rate 5.69
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Interior
Basement Unfinished Concrete Storage Space
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Exterior
Foundation Details Concrete Perimeter
Building Area Total 3201
Lot Dimensions 100X50
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* Excluded Features
List By
Compass

Broker

Tom.Makinney@compass.com;tom.makinney@compass.com

Email

Affordability Calculator

$5,300
Per Month
82%
18%
0%
Monthly Principal & Interest
$4,361
Monthly Property Taxes
$939
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
6/6/2025$699,000 Listed Price

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3037 Bright Street, Franklin Park, IL, 60131 is a Multi-Family Home for sale at $699,000 with 3,201 sqft and a lot size of 0.114784. 3037 Bright Street has 1 bedrooms, 0.0 baths, and was built in 1963. The property's zip code is 60131 which is in Franklin Park, IL

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