147th Flats Apartments

For Sale

3625-3646 147th Place, Midlothian, IL 60445

This Midlothian property for sale is located at 3625-3646 147th Place. The current listed sale price for 147th Flats Apartments is $4,095,000.

Contacts

broker
James Clough

Real Realty

Property Details

  • Property Type Multi-Family
  • Property Size 27,450 SF
  • Units 36
  • Year Built 1970
  • Date Updated Aug 26, 2025
In the south suburbs of Chicago, on a quiet street corner near schools and catholic institutions.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 2-bedroom 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.
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Highlights

  • 58% Renovated Units
  • 83% - 2 Bedroom Apartments
  • Well Maintained Buildings

Getting around

  • 75/100

    Walk Score ®

  • 54/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Midlothian, IL
  • Zip Code 60445
  • Market Chicago

Points of Interest

  • Midlothian

    0.21 miles

  • Blue Island

    2.75 miles

  • Burr Oak

    3.33 miles

  • Calumet

    4.30 miles

  • 115th Street (Morgan Park)

    4.64 miles

  • Riverdale

    4.64 miles

  • Homewood

    4.78 miles

  • West Pullman

    4.87 miles

  • Tinley Park

    5.09 miles

  • 111th Street (Morgan Park)

    5.11 miles

  • Amoco

    0.48 miles

  • Shell

    0.56 miles

  • Citgo

    0.64 miles

  • Mobil

    0.87 miles

  • Thorntons

    1.44 miles

  • Tesla Supercharger

    2.79 miles

  • EVgo

    7.25 miles

  • Blue Island Park & Ride

    2.70 miles

  • George W. Dunne National Driving Range

    3.22 miles

  • Pace Harvey Park & Ride

    3.50 miles

  • Strip Mall Parking Lot

    3.79 miles

  • Car Parking

    4.61 miles

  • Catalina Grove Family Picnic Area

    4.83 miles

  • Lot 12

    5.67 miles

  • Pace Homewood Park & Ride

    5.67 miles

  • Lot 3

    5.68 miles

  • Lot 1

    5.71 miles

  • HiWay Motel

    1.65 miles

  • Holiday Inn Express Crestwood

    2.34 miles

  • Best Western Chicago Southland

    2.57 miles

  • Baymont

    2.80 miles

  • Motel 6 Alsip

    3.23 miles

  • DoubleTree by Hilton Hotel Chicago - Alsip

    3.24 miles

  • Knights Inn Calumet Park

    3.50 miles

  • Days Inn Calumet Park

    3.53 miles

  • Plaza Inn

    3.55 miles

  • Key Motel

    3.89 miles

  • Berkot's Super Foods

    1.31 miles

  • ALDI

    1.80 miles

  • Dixmoor Meat Market

    1.81 miles

  • Fairplay Foods

    1.95 miles

  • Walmart Supercenter

    2.11 miles

  • Ross

    2.52 miles

  • Burlington

    2.72 miles

  • Kohl's

    2.81 miles

  • Jewel-Osco

    2.88 miles

  • Target

    2.95 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
James Clough

Real Realty

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