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    3037 Bright St Franklin Park, IL 60131

    For Sale
    $699,000

    Commercial Sale - Franklin Park, IL

    Property size:
    3,201 SF
    Days on Market:
    139
    Last Refresh:
    Dec 15 at 2:06 am

    Property Features for 3037 Bright St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MULTI
    APN
    12292100020000
    Size
    3,201 SF

    Building Details

    Year built
    1963
    Number of units
    6
    Architectural style
    Other

    Compass Real Estate

    Listing agent Tom Makinney (630) 974-6750 License #471010975

    Listing date Jul 30, 2025

    MLS# 12378114 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Franklin Park 6-Unit Investment Opportunity

    This well-maintained, legacy-owned building in Franklin Park features six units: five 1-bedroom/1-bathroom units and one unit currently operating as a church with a half bath. The property has been owned by the same family for over 50 years. All units are month-to-month, offering flexibility for repositioning or rent increases. Tenants are responsible for electric. The property includes hot water heat and six assigned parking spaces. A village inspection report is available for review. The property is zoned MULTI. This is an ideal opportunity for investors looking to modernize and capitalize on under-market rents in a strong suburban location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Churches & religious facilities

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Franklin Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.8871124
    Latitude
    41.934163

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained 6-unit building with value-add potential in Franklin Park.
    Where is this apartment building located?
    The property is located at 3037 Bright St Franklin Park, IL.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: - Significant upside potential due to under-market rents.; - Six units with month-to-month leases provide immediate flexibility for repositioning or rent increases.; - Well-maintained building owned by the same family for over 50 years.
    (630) 974-6750
    Request Owner's contact information
    3037 Bright St Franklin Park, IL 60131
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3037 Bright St Franklin Park, IL 60131
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