Harvey, IL 60426
$499,999
Presented By: Real People Realty
Home Details
Exceptional 6-unit brick multi-family investment property offering strong in-place income and immediate value-add upside. The building features six rehabbed 3-bedroom apartments, all fully leased with solid monthly rental income. Units have been recently updated, reducing near-term capital expenditure needs for the next owner. The property also includes a finished garden-level unit featuring a full kitchen, bathroom, and bedroom space, previously used as a residential unit. This space represents significant additional income potential upon buyer's completion of due diligence. Conveniently located with access to Metra and Pace Bus transit serving the south suburban Cook County market. Close to retail and neighborhood services. A rare opportunity to acquire a well-maintained, income-producing asset with built-in upside in a supply-constrained price range. All financial figures are based on current full occupancy and are estimates - buyer and their advisors should independently verify all figures prior to closing. Sold As-Is. Real People Realty. Equal Housing Opportunity.
Presented By: Real People Realty
Interior Features for
Other Interior Features
BasementFinished
General for
Additional Parcels Y/NNo
Cap Rate10.2
CityHarvey
Construction MaterialsBrick
CountyCook
Directions159th st east to Lexington ave north to the property
Electric Expense
Fuel Expense
Gross Income6700
Insurance Expense
MLS AreaHarvey
MaintenanceExpense
Net Operating Income45876
Number Of Units Total6
Operating Expense34524
PossessionClosing
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive
StatusActive
Stories Count3
Tax Annual Amount14592.01
Tax Year2024
Tenant PaysElectricity, Heat
Trash Expense0
Water Sewer Expense0
Year Built1922
ZoningMULTI
Exterior for
Lot Dimensions8600 SQUARE FEET
Additional Details
Price History
