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Christian Griffin

cgriffin@realbrokerone.com +1(312) 607-7630

$ 225,000

Est. payment | -/mo

8 Beds

5 Baths

6,098 Sqft Lot

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$ 225,000

Est. payment | -/mo

Save

8 Beds

5 Baths

6,098 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12800046

Bedrooms 8

Maintenance Fees $3,060

Year Built 1959

Annual Tax Amount $11,721

Tax Year 2025

Lot Size 6,098 Sqft

Lot Dimensions 48x127

Property Sub-Type Two to Four Units

Property Description

Attention Investors And Owner-Occupants! This Is A Solid Brick Legal 4-Unit Plus An Additional Garden Apartment On A Double Lot In Harvey. The Unit Mix Includes Three 2-Bedroom And Two 1-Bedroom Apartments. The Roof Is Approximately 10 Years Old, And The Brick Is Solid And In Good Shape. The Building Is All Electric, With 5 Separate Electric Meters And 5 Separate Water Heaters. Tenants Pay Their Own Electric, So Landlord Utility Costs Stay Low. There Is Dedicated Basement Space With Storage Lockers For Tenants, Plus Parking For 4-5 Cars In The Back. Two Units Are Currently Leased At $900 And $1,000 Per Month. Two Units Are Vacant And Ready For New Tenants: The Garden Unit, Previously Leased At $1,400/Month, And A Unit With Market Rent Of Approximately $950/Month. One Additional Unit Can Be Delivered Vacant Before Closing. Perfect Rent Hack Opportunity: Live In One Unit And Let The Rent From The Others Pay Your Mortgage! At Full Occupancy, Projected Gross Income Is Approximately $5,100/Month ($61,200/Year), For A Projected 15.7% Cap Rate And A Projected 33.6% Cash-On-Cash Return (Based On 25% Down At 7.5% Interest). This Is A True Value-Add Opportunity To Stabilize The Building And Grow Your Cash Flow. Rent Roll And Expense Estimates Available Upon Request. Sold Strictly As-Is. Bring Your Investors And Your Vision!

Location

State IL

County Cook

Area Harvey

Zoning MULTI

Rooms

Basement Partially Finished, Full

Interior

Heating Electric

Equipment Multiple Water Heaters

Fireplace N

Building

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer

Water Lake Michigan

Structure Type Brick

New Construction false

Schools

School District 152 , 152, 205

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Ryan Widerberg of eXp Realty - Chicago North Ave

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(312) 607-7630

cgriffin@realbrokerone.com

273 E 148th ST Harvey, IL 60426

Christian Griffin

Key Details

Location

Rooms

Interior

Building

Schools

Others

Nearby Locations

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273 E 148th ST