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$975,000
Est. payment /mo
6,686 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 6,686 sqft
Price per Sqft $145
MLS Listing ID 12681020
Year Built 1964
Annual Tax Amount $40,591
Tax Year 2025
Lot Size 0.330 Acres
Lot Dimensions 109 x 136
Property Sub-Type Multi Family 5+
Property Description
Excellent opportunity to acquire a 20-unit studio apartment building in Harvey, IL. Conveniently located along busy 147th Street with approximately 23,000 vehicles per day, the property offers easy access to Interstates 57, 80, 94, and 294, major employers, public transportation, schools, healthcare, and retail amenities throughout Chicago's south suburbs. Owned and maintained by the same ownership since 2012, the property features low-maintenance landscaping, with the parking lot to be repaved prior to closing or a credit provided to the purchaser. Current rents average approximately $750 per month with potential for future growth through continued operational improvements. Strong occupancy history and consistent demand have historically allowed ownership to rely primarily on on-site signage and referrals for leasing. An attractive workforce housing investment offering stable cash flow and value-add potential.
Location
State IL
County Cook
Area Harvey
Zoning MULTI
Interior
Fireplace N
Building
Dwelling Type Multi Family 5+
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Listed by Jon Fisher of MR. LANDMAN