Four unit ranch apartment building with great unit mix. (3) 2 bedroom units and (1) one bedroom unit. Property needs some TLC, rents are far below market value. Two bedroom market rent is $1,000+ and the one bedroom market rent is $900+. Tenants pay their own heat and electric. One of the 2 bedroom units is vacant which could be an owner occupied opportunity!
+13% CAP RATE! Owner only pays water, NO OTHER UTILITY BILLS! Completely rehabbed from top to bottom in 2012; new kitchens w/new appliances, all new flooring, plumbing/electric/furnaces, etc. New asphalt parking lot. All tenants have background/credit/criminal check. A REAL ARMCHAIR INVESTMENT. Tenants pay ALL utilities, STILL SHOWING AND ACCEPTING BACKUP OFFERS.....
MRED as Distributed by MLS Grid #07950582
May 23, 2013
Listing Removed
—
MRED as Distributed by MLS Grid #07702111
Mar 25, 2011
Sold (MLS) (Closed Sale)
$55,900
Mar 11, 2011
Pending
—
Feb 22, 2011
Contingent
—
Feb 8, 2011
Price Changed (Price Change)
$59,900
Jan 3, 2011
Listed (New)
$76,900
MRED as Distributed by MLS Grid #06845654
Jun 30, 2008
Listing Removed
—
MRED as Distributed by MLS Grid #06725859
Mar 31, 2008
Listing Removed
—
MRED as Distributed by MLS Grid #06555902
Oct 23, 2007
Listing Removed
—
Public Records
Jul 27, 2005
Sold
$278,000
Public Records
Nov 18, 2002
Sold
$130,000
Public Records
Oct 3, 2002
Sold
$153,000
Year
Property tax
Land + Additions
Assessment*
2023
$9,839 (−18.9%)
$2,420 + $23,580
$26,000
2022
$12,136 (+4.0%)
$2,074 + $23,757
$25,831
2021
$11,668 (+5.0%)
$2,074 + $23,757
$25,831
2020
$11,112 (+14.3%)
$2,074 + $23,757
$25,831
2019
$9,720 (+1.6%)
$1,901 + $20,479
$22,380
2018
$9,567 (+3.8%)
$1,901 + $20,479
$22,380
2017
$9,220 (+27.3%)
$1,901 + $20,479
$22,380
2016
$7,244 (+2.3%)
$1,728 + $15,156
$16,884
2015
$7,082 (+3.0%)
$1,728 + $15,156
$16,884
2014
$6,873 (+22.8%)
$1,728 + $15,156
$16,884
2013
$5,598 (+4.7%)
$1,728 + $13,576
$15,304
2012
$5,347 (+6.4%)
$1,728 + $13,576
$15,304
2011
$5,024 (−27.8%)
$1,728 + $13,576
$15,304
2010
$6,959 (+0.8%)
$1,728 + $21,077
$22,805
2009
$6,905 (+21.5%)
$1,728 + $21,077
$22,805
2008
$5,682 (+19.0%)
$2,765 + $21,241
$24,006
2007
$4,775
$2,488 + $17,471
$19,959
Tax history for 3307 147th St
Year
Property tax
Land + Additions
Assessment*
2023
$9,839 (−18.9%)
$2,420 + $23,580
$26,000
2022
$12,136 (+4.0%)
$2,074 + $23,757
$25,831
2021
$11,668 (+5.0%)
$2,074 + $23,757
$25,831
2020
$11,112 (+14.3%)
$2,074 + $23,757
$25,831
2019
$9,720 (+1.6%)
$1,901 + $20,479
$22,380
2018
$9,567 (+3.8%)
$1,901 + $20,479
$22,380
2017
$9,220 (+27.3%)
$1,901 + $20,479
$22,380
2016
$7,244 (+2.3%)
$1,728 + $15,156
$16,884
2015
$7,082 (+3.0%)
$1,728 + $15,156
$16,884
2014
$6,873 (+22.8%)
$1,728 + $15,156
$16,884
2013
$5,598 (+4.7%)
$1,728 + $13,576
$15,304
2012
$5,347 (+6.4%)
$1,728 + $13,576
$15,304
2011
$5,024 (−27.8%)
$1,728 + $13,576
$15,304
2010
$6,959 (+0.8%)
$1,728 + $21,077
$22,805
2009
$6,905 (+21.5%)
$1,728 + $21,077
$22,805
2008
$5,682 (+19.0%)
$2,765 + $21,241
$24,006
2007
$4,775
$2,488 + $17,471
$19,959
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
4
Baths
4
Stories
1
Lot width
—
Lot depth
—
Lot size
6,914 Sq. Ft.
Year renovated
—
Sq. Ft.
2,464
Year built
1958
Style
Multi-Family (2-4 Unit)
County
Cook County
APN
28114080950000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 15, 2026.
R-4
General Residential District
The purpose of R-4 general residential district is to provide for, and preserve, the quality of higher density residential development that promotes efficient use of land and infrastructure, and provides for a variety of housing types and styles, where such development is compatible with adjacent uses. The R-4 district also provides for limited public and institutional uses that are compatible with surrounding residential neighborhoods.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Infrastructure
Office
Public service
Educational/school
Communications tower
Property details
Parking
Parking Information
# Of Cars: 6
# of Parking (Total): 6
Parking On-Site: Yes
Parking Features: Off Street
Parking: Space/s
Parking Ownership: Owned
Interior
Bathroom Information
# of Baths (Full): 4
Bedroom Information
# of Bedrooms: 7
# of Bedrooms Possible: 7
Additional Rooms Information
Basement Description: None
Interior Features
# of Rooms: 15
Unit Type 1 Information
Floor Number: 1
# of Rooms: 4
# of Bedrooms: 2
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
Appliances and Features: Stove,Refrigerator
Security Deposit: 0
Tenant Pays: Electric,Gas,Heat
Lease Expiration Date: N/A
Unit Type 2 Information
Floor Number: 1
# of Rooms: 4
# of Bedrooms: 2
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
Appliances and Features: Stove,Refrigerator
Rent: $790
Tenant Pays: Electric,Gas,Heat
Lease Expiration Date: Saturday, April 1, 2023
Unit Type 3 Information
Floor Number: 1
# of Rooms: 4
# of Bedrooms: 2
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
Appliances and Features: Stove,Refrigerator
Rent: $790
Tenant Pays: Electric,Gas,Heat
Lease Expiration Date: MTM
Unit Type 4 Information
Floor Number: 1
# of Rooms: 3
# of Bedrooms: 1
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
Appliances and Features: Stove,Refrigerator
Rent: $727
Tenant Pays: Electric,Gas,Heat
Lease Expiration Date: Tuesday, August 1, 2023
Exterior
Building Information
# Of Units in Building: 4
Exterior Building Type: Brick
Age: 61-70 Years
Built Before 1978 (Y/N): Yes
Property Information
Property Type: Two to Four Units
Model: RANCH
Ownership: Fee Simple
Rebuilt (Y/N): No
Rehab (Y/N): No
Parcel Number: 28114080950000
Lot Information
Dimensions: 100X87X53X38X47
Lot Size: Less Than .25 Acre
Financial
Tax Information
Tax Annual Amount: $11,667.80
Tax Year: 2021
Financial Information
Finance Code: Conventional
Special Service Area: N
Utilities
Utility Information
Water Source: Lake Michigan
Sewer: Public Sewer
Heating & Cooling
Heating: Natural Gas
Location
School Information
Elementary School District: 143
Elementary School: Spaulding School
Middle Or Junior School District: 143
Middle Or Junior School: Central Park Elementary School
High School District: 228
High School: Bremen High School
Location Information
Township: Bremen
Corporate Limits: Midlothian
Directions: From Cicero Ave go East on 147th to Turner Ave and turn right(south) to 3307 - will be the 1st building on the right.
Public facts
Beds: 4
Baths: 4.0
Sq. Ft.: 2,464
Stories: 1.0
Lot Size: 6,914 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1958
Year Renovated: —
County: Cook County
APN: 28114080950000
Home facts updated by county records on Sep 15, 2026
Other
Expense Information
Water Sewer Expense: $3,058
Water Expense Source: Actual
Trash Expense: $2,416
Insurance Expense: $2,000
Listing Information
Holds Earnest Money: No
Possession: Closing
Some Photos Virtually Staged?: No
Around this home
Schools
Central Park Elementary School
Public K-8 • Assigned • 0.6mi
5/10
Bremen High School
Public 9-12 • Assigned • 1.0mi
7/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 102° expected this year, 15 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
3/10 Air Factor
4 unhealthy days expected this year, 4 days in 30 years
Provided by First Street
Historical weather
Midlothian, IL • 60445
Average low and high temperatures (°F)
30
16
39
24
56
35
62
44
69
51
82
64
87
70
82
66
79
59
69
50
51
38
37
24
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.3 hours in
June and 3.4 hours in December, placing it below the
U.S. average for solar exposure.
10.3 hrs
3.4 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$306,000 – $370,000
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