3642 147th Place Midlothian, IL ^$ 725,000

3642 147th Place

^$ 725,000

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3642 147th Place

Midlothian, IL, 60445

^$ 725,000

Bedrooms3 Baths0.0

Monthly Estimate*

^$ 4,464

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Multi-Family Home for sale in Midlothian, IL

for $725,000 with 3 bedrooms. This home was built in 1963.

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.

Multi-Family Active

Price

^$ 725,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 13,961

Style

Multi-Family

Year Built

1963

Town/City

Midlothian

County/Region

Cook

MLS | Web ID

12593096

Features

General

Construction Materials Brick

Year Built 1963

Tenant Pays Electricity

Stories Count 3

Tax Year 2023

Current Use Multi-Family

Gross Income 95100

County Cook

Net Operating Income 52952

Operating Expense 42148

Insurance Expense 3860

Property Type Commercial Sale Multi Family 5+

MaintenanceExpense 3600

Status New

Directions 147TH st to 3600 west to complex

City Midlothian

Number Of Units Total 6

MLS Area Midlothian

Tax Annual Amount 13961

Electric Expense 598

Fuel Expense 4883

Trash Expense 954

Water Sewer Expense 3243

Additional Parcels Y/N N

Standard Status Active

Exterior

Lot Dimensions 50X120

* Excluded Features

List By

Listing Leaders Northwest, Inc

Broker

anthony.munoz1@outlook.com;amunoz@ajcommercialgroup.com

Affordability Calculator

$5,627

Per Month

Monthly Principal & Interest: $4,464
Monthly Property Taxes: $1,163
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 6.25% 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 ^$1,752,475

Percent of Sale Price 142%

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
3/16/2026	$725,000		Listed Price

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3642 147th Place, Midlothian, IL, 60445 is a Multi-Family Home for sale at $725,000. 3642 147th Place has 3 bedrooms, 0.0 baths, and was built in 1963. 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 6.25% 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 3/18/2026.

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3642 147th Place

Multi-Family Home for sale in Midlothian, IL

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