272 E 148th St Harvey, IL 60426
Estimated payment $2,306/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: 12/31/2025
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
Map
Home Values in the Area
Average Home Value in this Area
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)
MLS Number: 12538401
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