3546 147th Street Midlothian, IL ^$ 589,000

3546 147th Street

^$ 589,000

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3546 147th Street

Midlothian, IL, 60445

^$ 589,000

Bedrooms1 Baths0.0

Monthly Estimate*

^$ 3,675

3546 147th Street, Midlothian, IL 60445 - Image 1

3546 147th Street, Midlothian, IL 60445 - Image 2

3546 147th Street, Midlothian, IL 60445 - Image 3

3546 147th Street, Midlothian, IL 60445 - Image 4

Multi-Family Home for sale in Midlothian, IL

for $589,000 with 1 bedroom. This home was built in 1967.

Investor opportunity in the thriving south suburban village of Midlothian! This fully occupied 8-unit California-style multifamily property offers strong in-place income with immediate value-add potential. Each unit is separately metered, and tenants pay their own electric, keeping operating expenses low. The building features individual electric tankless water heaters in every unit, providing efficiency and convenience. A major system upgrade was completed with the boiler replaced in 2023, offering peace of mind for years to come. This is a solid opportunity to add value through rent increases and potential cosmetic updates. Conveniently located near transportation, retail, and local amenities, this is a smart addition to any multifamily portfolio.

Multi-Family Contingent

Price

^$ 589,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 20,227

Style

Year Built

1967

Town/City

Midlothian

County/Region

Cook

MLS | Web ID

12466708

Features

General

Cooling Wall Sleeve

Zoning MULTI

Construction Materials Brick

Year Built 1967

Tenant Pays Electricity Hot Water

Stories Count 2

Tax Year 2023

Gross Income 95400

County Cook

Net Operating Income 58263

Operating Expense 37137

Insurance Expense 5500

Property Type Commercial Sale Multi Family 5+

Contingency Financing

MaintenanceExpense 1480

Status Contingent

Directions South 147th to property on north side of street

City Midlothian

Number Of Units Total 8

MLS Area Midlothian

Tax Annual Amount 20227

Electric Expense 1702

Fuel Expense 3312

Trash Expense 6786

Water Sewer Expense 3630

Additional Parcels Y/N N

Standard Status Active Under Contract

Interior

Basement Exterior Entry

Exterior

Lot Dimensions 7500 sf

* Excluded Features

List By

Hre Real Estate Services

Broker

Chris@hreillinois.com

Affordability Calculator

$5,360

Per Month

Monthly Principal & Interest: $3,675
Monthly Property Taxes: $1,686
Monthly Home Insurance: --

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Loan Term

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Yearly 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

Trends
Schools

Multi-family listings in Midlothian, IL

Average List Price ^$1,146,713

Percent of Sale Price 95%

About Midlothian, IL

13,854 Population

-1% Since 2002

^$63,413 Median Income

37.17 Median Age

31% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/9/2025	$589,000		Listed Price

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3546 147th Street, Midlothian, IL, 60445 is a Multi-Family Home for sale at $589,000. 3546 147th Street has 1 bedrooms, 0.0 baths, and was built in 1967. The property's zip code is 60445 which is in Midlothian, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 12/16/2025.

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3546 147th Street

Multi-Family Home for sale in Midlothian, IL

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