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272 E 148th Street, Harvey, IL 60426

Local realty services provided by:CENTURY 21 New Heritage
272 E 148th Street,Harvey, IL 60426
$269,950
  • 4 Beds
  • 5 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: katherine vences
Office: re/max mi casa
MLS#:12538401
Source:MLSNI

Price summary

  • Price:$269,950

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 #:12538401
  • Added:8 day(s) ago
  • Updated:January 10, 2026 at 05:38 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:5
  • Full bathrooms:5

Heating and cooling

  • Heating:Electric, Natural Gas

Structure and exterior

  • Roof:Rubber
  • Year built:1963

Utilities

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

Finances and disclosures

  • Price:$269,950
  • Tax amount:$10,753 (2022)
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