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$725,000 Just Listed

  • For Sale
  • Active
  • Commercial
  • Updated 20 hours ago
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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.

Full Property Details for 3642 147th Pl

General

  • Price: $725,000
  • HOA FEE: $3,600
  • Taxes: $13,961 (2023)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12593096
  • Updated: 3/16/2026
  • Added to Site: 1 day(s) ago

Location

  • Area: Midlothian
  • County: Cook
  • Driving Directions: 147TH st to 3600 west to complex

Heating & Cooling

  • Heating Type: Radiant

Utilities

  • Trash: 954

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Stories/Levels: 3
  • Current Bldg. Use: Multi-Family
  • Year Built: 1963
  • Built Before 1978: Yes

Lot Features

  • Lot Dimensions: 50 x 120

Financial Considerations

  • Maint. Fee: $3,600
  • Insurance Fee: $3,860
  • Operating Expenses: $42,148
  • Assessment Year: 1963
  • Tax Amount: $13,961
  • Tax Year: 2023
  • Tenant Pays: Electricity
  • Pays Electric: 598
  • Pays Trash: 954

Disclosures and Reports

  • Property ID: 28113050220000

Listed by Listing Leaders Northwest, Inc

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— 3642 147th Pl —

  • Listing Leaders Northwest, Inc

  • Listing Leaders Northwest, Inc

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NMLS#: 1598647

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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 3642 147th Pl

School Districts:Midlothian School District 143, Bremen Community High School District 228
NameGradesDistance
Spaulding School
14811 Turner Avenue, Midlothian, IL 60445
PK-30.5 mi
Central Park Elementary School
3621 151st Street, Midlothian, IL 60445
PK-80.5 mi
Bremen High School
15203 Pulaski Road, Midlothian, IL 60445
9-120.8 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 3642 147th Pl Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/16/2026
Listed
$725,000
70.59%
MLS
4/23/2021
Sold
$425,000
—
Public Record
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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 3642 147th Pl

Year
Property Taxes
Change
Tax Assessment
Change
2023
$13,961
-9%
$36,890
14%
2022
$15,263
—
$32,486
-4%
2021
$15,251
5%
$33,763
—
2020
$14,524
3%
$33,763
2%
2018
$14,088
-2%
$32,956
—
2019
$14,314
5%
$32,956
—
2017
$13,578
39%
$32,956
44%
2016
$9,789
-20%
$22,816
-22%
2015
$12,218
3%
$29,127
—
2014
$11,858
9%
$29,127
-2%
2013
$10,877
5%
$29,732
—
2012
$10,387
—
$29,732
—
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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3642 147th Place, Midlothian, IL 60445 (MLS# 12593096) is a Commercial property. 3642 147th Place is currently listed for $725,000 and was received on March 16, 2026. Want to learn more about 3642 147th Place? 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.

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