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Listed by Christina Barbaroof Keller Williams Preferred Rlty
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Est. payment /mo
New
3905-3923 W 147th ST Midlothian, IL 60445
7,528 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 7,528 sqft
MLS Listing ID 12753737
Year Built 1955
Annual Tax Amount $29,368
Tax Year 2025
Lot Size 0.430 Acres
Lot Dimensions 180x100
Property Sub-Type Mixed Use
Property Description
Excellent mixed-use investment opportunity in Midlothian! This well maintained building 7,528-square-foot property offers a versatile combination of four ground-floor commercial units and one spacious 2-bedroom, 1-bath residential apartment, creating multiple income streams within one property. The building is currently fully occupied, with a gross rental income of $94,800 annually, offering immediate income potential for the next owner. The commercial spaces include one approximately 2,690-square-foot unit and three approximately 1,090-square-foot units, while the second-floor residential unit offers approximately 1,500 square feet of living space. Current tenants include established commercial occupants with leases extending through 2028 and 2029, providing a strong mix of lease terms. Additional features include on-site parking, street parking, individual furnaces, central air conditioning for all units, and separate electrical service for each unit. Tenants are responsible for their in-unit electric, heat, and cooking gas, while the landlord covers common-area electricity, water, sewer, and trash removal. With its combination of commercial and residential income, established tenancy, and flexible mixed-use layout, this property offers a great opportunity for an investor or owner-user looking to add a multi-tenant asset to their portfolio.
Location
State IL
County Cook
Zoning COMMR
Interior
Cooling Central Individual
Flooring Tile, Varies, Vinyl
Fireplace N
Exterior
Utilities Available Electric to Site, Natural Gas Available, Sewer Connected, Water Available
View Y/N true
Roof Type Rubber
Building
Foundation Concrete Perimeter
Water Municipal Water
Structure Type Brick
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