Strauss Realty, Ltd. is pleased to present 14600 Kilpatrick Avenue, a multi-tenant industrial investment opportunity in Midlothian, Illinois. The property consists of two buildings totaling approximately 35,900 square feet and 42 individual units. Building 1 (Units 1-14) includes approximately 9,800 SF, with units averaging 700 SF each. Building 2 (Units 15-42) totals approximately 26,100 SF, with units averaging 900 SF, including several combined spaces. A shared, secured restroom is located between Units 16 and 17. Offered at $3,350,000, the property features a diversified small-bay tenant base. Current NOI is $309,646, reflecting an 9.24% cap rate, with stable in-place income and potential for future rental growth. Recent capital improvements include demising select double units into single units, installation of bollards around gas meters, implementation of a mastered key system (GoldyLocks), and new heaters in select spaces. Ownership is currently completing installation of a required fire alarm system per the Village.
— the listing agent’s description
The home
Lot 234x301
Industrial
What it’ll cost
$142,497 taxes / yr
No HOA
Listed $3,450,000
Now $3,350,000
176 days on dwello
Estimated monthly payment
$30,664/mo
Principal & interest$17,812
Property taxes$11,875
Homeowners insurance$977
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Assessed value from the Cook County Assessor (open records). Estimated market ≈ assessed × 10 for residential; not an appraisal — verify with the assessor.
Features
None
Schools nearby
Kolmar Elementary School · 0.5 mi
Saint Christopher School · 0.7 mi
Kerkstra Elementary School · 0.8 mi
Springfield Elementary School · 1.0 mi
Saint Damian School · 1.3 mi
This listing didn’t include assigned schools, so these are the closest schools (OpenStreetMap) — not necessarily the attendance-zoned schools. Confirm assignment with the district.