The 54 Flats Apartments

For Sale

3625-3646 147th Place & 14618-14643 Keystone Avenue, Midlothian, IL 60445

This Midlothian property for sale is located at 3625-3646 147th Place & 14618-14643 Keystone Avenue. The current listed sale price for The 54 Flats Apartments is $6,325,000.

Contacts

broker
James Clough

Real Realty

Property Details

  • Property Type Multi-Family
  • Property Size 41,700 SF
  • Units 54
  • Year Built 1963
  • Date Updated Jun 25, 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 in Midlothian, IL. The offering consists of 9 nearly identical 6-unit buildings within close proximity to each other. All but one building 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. 29 of the 54 units have been remodeled and are achieving rent $150+ more in rent for 1-bedrooms and $250+ for 2-bedroom units than the non-renovated apartments. This is an opportunity for a new investor to purchase these buildings and continue to improve units and increase revenue.
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Highlights

  • 50% Renovated Units
  • 80% - 2 Bedroom Apartment
  • Well Maintained Buildings

Getting around

  • 74/100

    Walk Score ®

  • 50/100

    Bike Score ®

Powered by Walk Score ®

Location

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

Points of Interest

  • Midlothian

    0.36 miles

  • Blue Island

    3.01 miles

  • Burr Oak

    3.58 miles

  • Calumet

    4.74 miles

  • 115th Street (Morgan Park)

    4.75 miles

  • Tinley Park

    4.81 miles

  • Riverdale

    5.11 miles

  • West Pullman

    5.16 miles

  • Homewood

    5.17 miles

  • 111th Street (Morgan Park)

    5.20 miles

  • Amoco

    0.09 miles

  • Shell

    0.16 miles

  • Mobil

    0.57 miles

  • Thorntons

    0.94 miles

  • Citgo

    1.01 miles

  • Marathon

    1.12 miles

  • GoLo

    1.42 miles

  • Tesla Supercharger

    2.88 miles

  • EVgo

    6.85 miles

  • Blue Island Park & Ride

    2.72 miles

  • George W. Dunne National Driving Range

    2.92 miles

  • Pace Harvey Park & Ride

    4.05 miles

  • Strip Mall Parking Lot

    4.09 miles

  • Catalina Grove Family Picnic Area

    4.31 miles

  • Car Parking

    4.48 miles

  • Lot 3

    5.51 miles

  • Lot 12

    5.51 miles

  • Lot 1

    5.54 miles

  • Lot 11

    5.57 miles

  • Holiday Inn Express Crestwood

    1.89 miles

  • HiWay Motel

    1.97 miles

  • Baymont

    2.41 miles

  • Best Western Chicago Southland

    2.62 miles

  • Motel 6 Alsip

    2.82 miles

  • DoubleTree by Hilton Hotel Chicago - Alsip

    2.83 miles

  • Key Motel

    3.55 miles

  • Budget Lodge

    3.63 miles

  • Knights Inn Calumet Park

    3.80 miles

  • Days Inn Calumet Park

    3.82 miles

  • Berkot's Super Foods

    0.77 miles

  • Walmart Supercenter

    1.68 miles

  • Ross

    2.07 miles

  • ALDI

    2.22 miles

  • Burlington

    2.27 miles

  • Fairplay Foods

    2.35 miles

  • Kohl's

    2.35 miles

  • Dixmoor Meat Market

    2.36 miles

  • Target

    2.50 miles

  • Jewel-Osco

    2.52 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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