$269,950

272 E 148th St Harvey, IL 60426

Estimated payment $2,306/month

Total Views 9
4 Beds
5 Baths
-- Sq Ft
-- Price per Sq Ft

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

Katherine Vences

RE/MAX Mi Casa Brokerage Phone: (630) 415-9109 License #475189610 Listed on: 12/31/2025

RE/MAX Mi Casa

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
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 5 Bathrooms

Parking

  • 4 Parking Spaces
  • 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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,753

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1963
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: New
  • SomePhotosVirtuallyStaged: No
  • Attribution Contact: (630) 415-9109
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partially Finished, Unfinished, Full
  • Total Bathrooms: 5
  • Total Bedrooms: 4
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Roof: Rubber
  • Waterfront: No

Garage/Parking

  • Parking Features: Unassigned, Yes, Owned
  • ParkingTotal: 4

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Electric
  • Water Source: Lake Michigan, Public, Shared Well

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Fee Information

  • Water Sewer Expenses: 2400

Lot Info

  • Lot Dimensions: 34 X 125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: U

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes
  • TenantPays: Electric,Gas

Multi Family

  • Insurance Expense: 1637
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Story Unit/s

Tax Info

  • Tax Annual Amount: 10753
  • Tax Year: 2022

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/31/2025 12/31/25 For Sale $269,950 -- --
Source: Midwest Real Estate Data (MRED)

Source: Midwest Real Estate Data (MRED)

MLS Number: 12538401

Midwest Real Estate Data (MRED)