Thome Homes
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https://www.ruhlmortgage.com/BlakeEller.html
Description
This solid brick 6-unit multifamily property presents a turnkey investment opportunity with meaningful capital improvements already completed. Units have been updated with new flooring, modern appliances, upgraded plumbing, and breaker electrical panels, reducing immediate maintenance needs while enhancing tenant appeal. The building's major systems provide stability for long-term ownership, including a roof with shingles replaced approximately 10 years ago and a boiler system in serviceable condition. The property's durable brick construction and updated interiors position it well for continued rental demand and future rent growth. With strong in-place upgrades, reliable mechanicals, and a low-maintenance exterior, this asset offers investors a balanced combination of current cash flow and long-term durability in a stable Midlothian rental market.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
County: Cook
Listed By:
Listing Leaders Northwest, Inc
219-961-5478
MRED MLS
MLS ID: 12593096
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3642 147th Place , Midlothian, IL 60445.
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toll free 866-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $725,000 | $725,000 | $725,000 |
| Down Payment | $145,000 | $25,375 | $181,250 |
| Monthly Mortgage Amount | $3,431 | $4,154 | $4,407 |
| Taxes | $1009 | $1009 | $1009 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $319 | $0 |
| Monthly Estimated Total | $4,651 | $5,693 | $5,627 |
Thome Homes
Caroline Thome & Michael Thome
Cell: (319) 363-5289
Licensed in IA
Cedar Rapids Office
5805 Council St. NE
Suite A
Cedar Rapids, IA 52402
(319) 373-7845
Suite A
Cedar Rapids, IA 52402
(319) 373-7845
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