272 E 148th Street, Harvey, IL 60426

Harvey
Local realty services provided by:Better Homes and Gardens Real Estate Connections
272 E 148th Street,Harvey, IL 60426
$260,000
  • 4 Beds
  • 5 Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by: katherine vences
Office: re/max mi casa
MLS#:12556735
Source:MLSNI

Price summary

  • Price:$260,000

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.

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Home facts

  • Year built:1963
  • Listing ID #:12556735
  • Added:45 day(s) ago
  • Updated:March 16, 2026 at 07:49 AM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:5
  • Full bathrooms:5
  • Rooms Total:12
  • Basement:Yes
  • Basement Description:Full, Partially Finished, Unfinished

Heating and cooling

  • Heating:Electric, Natural Gas

Structure and exterior

  • Roof:Rubber
  • Year built:1963
  • Foundation Description:Concrete Perimeter

Utilities

  • Water:Lake Michigan, Public, Shared Well
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$260,000
  • Tax amount:$10,753 (2022)

Parking

  • Total parking spaces:4
  • Parking description:Unassigned
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