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$670,000 Just Listed
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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.
Full Property Details
Full Property Details for 3905-3923 W 147th St
General
- Price: $670,000
- Taxes: $29,368 (2025)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12753737
Interior
- Interior Features: Multi-Tenant, Private Restroom(s), Public Restroom(s)
- Flooring: Tile, Varies, Vinyl
Location
- Area: Midlothian
- County: Cook
- Township: Bremen
- Driving Directions: W 147th St between Cicero Ave and Pulaski Rd. Located on the south side of 147th St. Highly visible commercial corridor.
- Location Details: Southwest Suburban, Central Business District, Mixed-Use Area
Heating & Cooling
- Cooling Type: Central Individual
- Heating Type: Forced Air, Gas
Utilities
- Water: Municipal Water
- Trash: 500
- Onsite: Electricity to Site, Natural Gas Available, Sewer Connected, Water Available
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Foundation: Concrete Perimeter
- Roof: Rubber
- Sub-Flooring: Tile, Varies, Vinyl
- Stories/Levels: 2
- Square Feet: 7,528
- Current Bldg. Use: Commercial
- # of Stores: 4
- Year Built: 1955
- Built Before 1978: Yes
Unit Information
- # Tenants: 5
Lot Features
- Lot Size (Acres): 0.43
- Lot Size (Sq. Ft.): 18,700
- Lot Dimensions: 180 x 100
- Frontage: City Street, Public Road
- Potential Use: Commercial, Retail
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Insurance Fee: $12,500
- Operating Expenses: $56,000
- Other Fee: $7,000
- Assessment Year: 1955
- Tax Amount: $29,368.34
- Tax Year: 2025
- Tenant Pays: Air Conditioning, Electricity, Heat
- Pays Electric: 500
- Pays Trash: 500
Disclosures and Reports
- Documents Avail.: Appraisal, Rent Roll
- Property ID: 28113000120000
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3905-3923 W 147th Street, Midlothian, IL 60445 (MLS# 12753737) is a Commercial property. 3905-3923 W 147th Street is currently listed for $670,000 and was received on September 11, 2026. Want to learn more about 3905-3923 W 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.

