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$599,000
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Property Description
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.
Full Property Details
Full Property Details for 3546 147th St
General
- Sold For: $599,000
- Taxes: $20,227 (2023)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12466708
- Added to Site: 128 day(s) ago
Interior
- Interior Features: Laundry Room
Location
- Area: Midlothian
- County: Cook
- Driving Directions: South 147th to property on north side of street
Heating & Cooling
- Cooling Type: Wall Sleeve
- Heating Type: Central Building Heat, Central Heat/Individual Controls, Gas
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: Exterior Entry
- Stories/Levels: 2
- Year Built: 1967
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 8
- Units w/Range/Oven: 8
- # Dryers: 1
Lot Features
- Lot Dimensions: 7500 sf
- Zoning: MULTI
Financial Considerations
- Operating Expenses: $37,137
- Assessment Year: 1967
- Tax Amount: $20,227
- Tax Year: 2023
- Tenant Pays: Electricity, Hot Water
Disclosures and Reports
- Property ID: 28112230270000
Listed by HRE Real Estate Services
Sold by Baird & Warner Fox Valley - Geneva
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Schools
Schools serving 3546 147th St
School Districts:Midlothian School District 143, Bremen Community High School District 228
| Name | Grades | Distance |
|---|---|---|
Springfield Elementary School, Midlothian, IL 14620 Springfield Avenue, Midlothian, IL 60445 | PK-6 | 0.5 mi |
Bremen High School 15203 Pulaski Road, Midlothian, IL 60445 | 9-12 | 0.9 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 3546 147th St
Date
Details
Price
Change
Source
10/31/2025
Sold
$599,000
1.7%
MLS
9/08/2025
Listed
$589,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
3546 147th Street, Midlothian, IL 60445 (MLS# 12466708) is a Commercial property that was sold at $599,000 on October 31, 2025. Want to learn more about 3546 147th Street? Do you have questions about finding other Commercial real estate for sale in Midlothian? You can browse all Midlothian real estate or contact a Coldwell Banker agent to request more information.

