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3631 147th St 6 Unit Apartment Building $920,766 CAD ($153,461 CAD/Unit) 7.82% Cap Rate Midlothian, IL 60445
Investment Highlights
- 100+ Applications Received When Units Become Available
Executive Summary
Fantastic Investment Opportunity with Value-Add Potential! Discover this well-maintained 6-unit all-brick building offering strong cash flow and excellent value-add potential! The property features five occupied 2-bed/1-bath units and one vacant 1-bed/1-bath unit, providing a perfect opportunity for renovations, and owner-occupant option. Tenants enjoy the convenience of rear parking, with additional spaces available in the front, ensuring ample accommodation for all. Situated in a highly desirable area, the building is just minutes from the Metra station, shopping centers, restaurants, and everyday conveniences. This is a prime location with proven income and room to grow
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Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$131,837
|
$30.31
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$6,592
|
$1.52
|
| Effective Gross Income |
$125,245
|
$28.79
|
| Taxes |
$22,835
|
$5.25
|
| Operating Expenses |
$30,821
|
$7.09
|
| Total Expenses |
$53,656
|
$12.33
|
| Net Operating Income |
$71,590
|
$16.46
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $131,837 |
| Annual Per SF | $30.31 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $6,592 |
| Annual Per SF | $1.52 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $125,245 |
| Annual Per SF | $28.79 |
| Taxes (CAD) | |
|---|---|
| Annual | $22,835 |
| Annual Per SF | $5.25 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $30,821 |
| Annual Per SF | $7.09 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $53,656 |
| Annual Per SF | $12.33 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $71,590 |
| Annual Per SF | $16.46 |
Property Facts
| Price | $920,766 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $153,461 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 7.82% | Building Size | 4,350 SF |
| No. Units | 6 | Average Occupancy | 84% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1963 |
| Price | $920,766 CAD |
| Price Per Unit | $153,461 CAD |
| Sale Type | Investment |
| Cap Rate | 7.82% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 4,350 SF |
| Average Occupancy | 84% |
| No. Stories | 3 |
| Year Built | 1963 |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Recycling
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $1,535 CAD | 600 - 700 |
| 2+1 | 5 | $1,901 CAD | 750 |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 28-11-305-025-0000 | Total Assessment | $51,839 CAD (2025) |
| Land Assessment | $3,201 CAD (2025) | Annual Taxes | $22,835 CAD ($5.25 CAD/SF) |
| Improvements Assessment | $48,637 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
28-11-305-025-0000
Land Assessment
$3,201 CAD (2025)
Improvements Assessment
$48,637 CAD (2025)
Total Assessment
$51,839 CAD (2025)
Annual Taxes
$22,835 CAD ($5.25 CAD/SF)
Tax Year
2026
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3631 147th St
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