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$269,950

Est. payment - /mo

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4 Beds

5 Baths

New

272 E 148th ST Harvey, IL 60426

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Park Place Realty Group LLC

info@parkplacerealtyllc.com +1(708) 722-5106

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Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12538401

Bedrooms 4

Year Built 1963

Annual Tax Amount $10,753

Tax Year 2022

Lot Dimensions 34 X 125

Property Sub-Type Two to Four Units

Property Description

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.

Location

State IL

County Cook

Area Harvey

Zoning MULTI

Rooms

Basement Partially Finished, Unfinished, Full

Interior

Heating Natural Gas, Electric

Fireplace N

Exterior

Community Features Curbs, Sidewalks, Street Lights, Street Paved

Roof Type Rubber

Building

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer

Water Lake Michigan, Public, Shared Well

Structure Type Brick

New Construction false

Schools

School District 152 , 167, 154

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Katherine Vences of RE/MAX Mi Casa

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Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106