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Listed by Katherine Vencesof RE/MAX Mi Casa
$ 254,950
Est. payment /mo
New
272 E 148th Street Harvey, IL 60426
4 Beds
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12552455
Bedrooms 4
Year Built 1963
Annual Tax Amount $10,753
Tax Year 2022
Lot Dimensions 34 X 125
Property Sub-Type Two to Four Units
Property Description
Solid investment opportunity with strong in-place cash flow and upside potential. Legal 4-unit building with the ability to convert to a 6-unit by completing the basement studios. Currently generating approximately $4,000/month in gross income, with additional upside once the vacant unit is rented and basement units are completed. All leases include a 30-day vacancy clause upon sale. Major CapEx items have already been completed; remaining work is primarily cosmetic. Property features separate, newer high-efficiency furnaces and hot water heaters for each unit, separate electric panels and gas meters, newer windows, and a roof and gutters approximately 2 years old. Laundry located in the basement. Configuration consists of 1 bed / 1 bath units. Five units are currently occupied: Ideal value-add opportunity for investors seeking stable cash flow with future upside.
Location
State IL
County Cook
Community Curbs, Sidewalks, Street Lights, Street Paved
Zoning MULTI
Rooms
Basement Partially Finished, Unfinished, Full
Interior
Heating Natural Gas, Electric
Fireplace N
Exterior
View Y/N true
Roof Type Rubber
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Lake Michigan, Public, Shared Well
Structure Type Brick
New Construction false
Schools
School District 152, 167, 154
Others
Ownership Fee Simple
Special Listing Condition None
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