3905-3923 W 147th Street
Midlothian, IL, 60445
$670,000
Beds
0 Baths
0 SqFt
0.43 Acres
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MLS #MRD12753737 image #0
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 Details

Price:
$670,000
MLS #:
MRD12753737
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Mixed Use
Neighborhood:
midlothian
Listed Date:
Sep 11, 2026
Total Sq Ft:
7,528
Lot Size:
18,700 sqft / 0.43 acres (approx)
Year Built:
1955
MidlothianMidlothian

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Schools

Interior

Cooling
Central Individual
Flooring
Tile, Varies, Vinyl

Exterior

Construction Materials
Brick
Roof
Rubber
Stories
2

Financial

Net Operating Income
$38,800
Tax Year
2025
Taxes
$29,368

Map

Community

Market Summary

Current real estate data for Commercial in Midlothian as of Oct 04, 2026
13
Commercial Listed
114
Avg DOM
$777,892
Avg List Price

Property Summary

    3905-3923 W 147th Street Midlothian IL is a Commercial for sale in Midlothian, IL, 60445. It is listed for $670,000

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3905-3923 W 147th Street
Midlothian, IL