3905-3923 W 147th StreetMidlothian, IL 60445

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.

Property Information

Property type

Commercial Sale

Sub-type

Mixed Use

Year built

1955

Building area

7,528 Sq Ft

Lot size

0.43 acres

Lot dimensions

180x100

Zoning

COMMR

Days on market

28

MLS^® Listing#

12753737

Property Features

Flooring

Tile · Varies · Vinyl

Construction

Brick

Foundation

Concrete Perimeter

Roof

Rubber

Utilities

Natural Gas Available · Sewer Connected · Water Available

Financial Details

Annual taxes

$29,368Tax year 2025

Parcel number

28113000120000

Directions

W 147th St between Cicero Ave and Pulaski Rd. Located on the south side of 147th St. Highly visible commercial corridor.