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$649,000 -$50,000 (-7.15%) Price Reduced

  • For Sale
  • Active
  • Commercial
  • 3,201 Sq. Ft.
  • Updated 11 hours ago
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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.

Full Property Details for 3037 Bright St

General

  • Price: $649,000
  • Taxes: $11,267 (2023)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12378114
  • Updated: 2/2/2026
  • Added to Site: 242 day(s) ago

Interior

  • Basement: Unfinished

Location

  • Area: Franklin Park
  • County: Cook
  • Township: Leyden
  • Driving 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.

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Gas, Hot Water

Utilities

  • Trash: 1356

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Basement: Yes
  • Basement Desc.: Unfinished, Concrete, Storage Space
  • Foundation: Concrete Perimeter
  • Stories/Levels: 2
  • Square Feet: 3,201
  • Year Built: 1963
  • Built Before 1978: Yes

Unit Information

  • Units w/Refrigerators: 6
  • Units w/Range/Oven: 6

Lot Features

  • Lot Size (Sq. Ft.): 5,000
  • Lot Dimensions: 100 x 50
  • Zoning: MULTI

Financial Considerations

  • Other Fee: $1,002
  • Assessment Year: 1963
  • Tax Amount: $11,267.34
  • Tax Year: 2023
  • Tenant Pays: Electricity
  • Pays Electric: 372
  • Pays Trash: 1356

Disclosures and Reports

  • Property ID: 12292100020000

Listed by Compass

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— 3037 Bright St —

  • Compass

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 3037 Bright St

School Districts:Mannheim School District 83, Leyden Community High School District 212
NameGradesDistance
Westdale Elementary School, Northlake, IL
99 Diversey Avenue, Northlake, IL 60164
PK-51.1 mi
Mannheim Middle School
2600 Hyde Park Avenue, Melrose Park, IL 60164
6-80.6 mi
West Leyden High School
1000 North Wolf Road, Northlake, IL 60164
9-121.1 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 3037 Bright St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/02/2026
Price Reduced
$649,000
-7.15%
MLS
6/06/2025
Listed
$699,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 3037 Bright St

Year
Property Taxes
Change
Tax Assessment
Change
2023
$11,267
2%
$34,859
—
2022
$11,096
19%
$34,859
42%
2021
$9,354
1%
$24,486
—
2020
$9,276
-7%
$24,486
-14%
2019
$9,986
-15%
$28,572
-4%
2018
$11,718
1%
$29,672
—
2017
$11,657
-2%
$29,672
-9%
2016
$11,948
32%
$32,500
39%
2015
$9,057
-12%
$23,311
-14%
2014
$10,287
4%
$27,009
—
2013
$9,893
27%
$27,009
18%
2012
$7,802
—
$22,848
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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3037 Bright Street, Franklin Park, IL 60131 (MLS# 12378114) is a Commercial property. 3037 Bright Street is currently listed for $649,000 and was received on June 06, 2025. Want to learn more about 3037 Bright Street? Do you have questions about finding other Commercial real estate for sale in Franklin Park? You can browse all Franklin Park real estate or contact a Coldwell Banker agent to request more information.

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