The 54 Flats Apartments

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

  • For Sale $6,325,000
  • 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

Contacts

broker
James Clough

Real Realty

Location

Getting Around

  • Walk Score ®

    74/100 Very Walkable

  • Bike Score ®

    50/100 Bikeable
Powered by Walk Score ®
  • 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

  • McDonald's

    0.10 miles

  • Dunkin'

    0.11 miles

  • KFC

    0.11 miles

  • Popeyes

    0.11 miles

  • Juiced by Shic

    0.18 miles

  • Bartolinis Restaurant Catering and Banquets

    0.25 miles

  • Krispy Kreme

    0.91 miles

  • White Castle

    0.96 miles

  • Subway

    1.03 miles

  • Posen Grill

    1.11 miles

  • Saint Christopher School

    0.14 miles

  • Springfield Elementary School

    0.18 miles

  • Kolmar School

    0.78 miles

  • Bremen High School

    0.79 miles

  • Central Park School

    0.85 miles

  • Bernice Childs Elemetary School

    1.02 miles

  • Thomas Kellar Junior High School

    1.03 miles

  • Delta and Summit Learning Center

    1.13 miles

  • Lincoln School

    1.16 miles

  • Delia Turner Elementary School

    1.41 miles

  • Council Oak Montessori School

    2.65 miles

  • Me & You Learning Academy

    5.92 miles

  • Happy Days Child Care Center

    6.74 miles

  • Daycare

    7.00 miles

  • Children of America

    7.29 miles

  • Mary Sears Children's Academy

    8.87 miles

  • Gladness V Player Early Childhood Center

    9.14 miles

  • Triple R Child Care

    9.52 miles

  • Childrens Hour Pre-School Center

    9.89 miles

Frequently Asked Questions

How much does The 54 Flats Apartments cost?

The space currently listed for sale at The 54 Flats Apartments asks for $6,325,000.

What is the total square footage of The 54 Flats Apartments?

The 54 Flats Apartments totals 41,700 square feet.

When was this property built?

The 54 Flats Apartments was built in 1963.

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Contact Listing Broker
broker
James Clough

Real Realty

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