Harvey, IL 60426
$1,100,000
Mark Quesada
Broker / Owner
LIC #475144827
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.
Adjust the numbers to explore the cost of this home. Nothing is saved.
$8,118/mo
Estimate only. Not a loan offer, pre-approval, or commitment to lend. Taxes, insurance, and HOA are estimates that may differ from actual figures. Contact a licensed lender for a personalized quote.
Pick a day and time — Mark will confirm your private tour.
Listed by Jon Fisher, MR. LANDMAN
MLS# MRD12681020 · Active
$132,500
Median sale price
74 days
Avg days on market
96.5% of list
Sells for
Closed sales in 60426 over the last 6 months, all home types.
History reflects records reported to the MLS and may be incomplete.
Construction
Lot & parking