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147th Flats Apartments 6 Multifamily Properties Offered at $5,150,109 CAD in Midlothian, IL
Investment Highlights
- 83% - 2 Bedroom Apartments
- 58% Renovated Units
- Well Maintained Buildings
Executive Summary
Real Realty is pleased to represent this portfolio of buildings off 147th Street in Midlothian, IL. The offering consists of 6 nearly identical 6-unit buildings. All buildings consists of 1 - one-bedroom and 5 - two-bedroom units. Each building has a central boiler and central hot water heater. Heat and hot water are paid by landlord.
Tenants pay for electricity. 21 of the 36 units have been remodeled and are achieving premiums of $150+ more in rent for 1-bedrooms and $250+ for 2bedroom units than the non-renovated apartments. This is an opportunity for a investor to purchase these buildings and continue to improve units and increase revenue to further maximize returns.
Tenants pay for electricity. 21 of the 36 units have been remodeled and are achieving premiums of $150+ more in rent for 1-bedrooms and $250+ for 2bedroom units than the non-renovated apartments. This is an opportunity for a investor to purchase these buildings and continue to improve units and increase revenue to further maximize returns.
Property Facts
| Price | $5,150,109 CAD | Number of Properties | 6 |
| Price / SF | $199.04 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 7.77% | Total Building Size | 25,875 SF |
| Sale Type | Investment | Total Land Area | 0.98 AC |
| Status | Active |
| Price | $5,150,109 CAD |
| Price / SF | $199.04 CAD / SF |
| Cap Rate | 7.77% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 6 |
| Individually For Sale | 0 |
| Total Building Size | 25,875 SF |
| Total Land Area | 0.98 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 3635 147th St, Midlothian, IL 60445 | Multifamily | 4,575 SF | 1963 | - |
| 3625 147th St, Midlothian, IL 60445 | Multifamily | 4,575 SF | 1962 | - |
| 3626 147th Pl, Midlothian, IL 60445 | Multifamily | 4,575 SF | 1962 | - |
| 3632 147th Pl, Midlothian, IL 60445 | Multifamily | 4,575 SF | 1963 | - |
| 3638 147th Pl, Midlothian, IL 60445 | Multifamily | 4,575 SF | 1963 | - |
| 3646 147th St, Midlothian, IL 60445 | Multifamily | 3,000 SF | 1958 | - |
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147th Flats Apartments
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