272 E 148th St Harvey, IL 60426
Estimated payment $2,235/month
About This Home
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.
Listing Agent
RE/MAX Mi Casa Brokerage Phone: (630) 415-9109 License #475189610 Listed on: 01/28/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,753
Year Built
- Built in 1963
Lot Details
- Lot Dimensions are 34 x 125
- Paved or Partially Paved Lot
Home Design
- Brick Exterior Construction
- Rubber Roof
- Concrete Perimeter Foundation
Interior Spaces
- 2-Story Property
- Partially Finished Basement
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
- 5 Bathrooms
Parking
- 4 Parking Spaces
- Parking Available
- Parking Included in Price
- Unassigned Parking
Utilities
- Heating System Uses Natural Gas
- Lake Michigan Water
- Shared Well
Community Details
Overview
- 4 Units
Building Details
- Insurance Expense $1,637
- Water Sewer Expense $2,400
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $10,458 | $16,000 | $1,146 | $14,854 |
| 2024 | $10,458 | $16,000 | $1,146 | $14,854 |
| 2023 | $11,132 | $16,000 | $1,146 | $14,854 |
| 2022 | $11,132 | $13,690 | $1,146 | $12,544 |
| 2021 | $10,753 | $13,688 | $1,145 | $12,543 |
| 2020 | $11,049 | $13,688 | $1,145 | $12,543 |
| 2019 | $10,567 | $13,617 | $1,041 | $12,576 |
| 2018 | $10,311 | $13,617 | $1,041 | $12,576 |
| 2017 | $10,075 | $13,617 | $1,041 | $12,576 |
| 2016 | $7,938 | $12,263 | $937 | $11,326 |
| 2015 | $7,623 | $12,263 | $937 | $11,326 |
| 2014 | $7,604 | $12,263 | $937 | $11,326 |
| 2013 | $8,071 | $13,268 | $937 | $12,331 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/29/2026 01/29/26 | Pending | -- | -- | -- |
| 01/28/2026 01/28/26 | For Sale | $260,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12556735
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
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Ask me questions while you tour the home.