273 E 148th Street, Harvey, IL 60426
Local realty services provided by:ERA Partners
273 E 148th Street,Harvey, IL 60426
$200,000
- 8 Beds
- 5 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: ryan widerberg
Office: exp realty - chicago north ave
MLS#:12800046
Source:MLSNI
Price summary
- Price:$200,000
About this home
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 17.7% Cap Rate And A Projected 40.6% 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. The Property Is Located In A Census Tract That Appears Eligible For The Wells Fargo Homebuyer Access Grant. Qualified Buyers May Receive A $10,000 Grant Toward Their Down Payment. The Grant May Also Be Combined With The Dream. Plan. Home. Closing Cost Credit Of Up To $5,000, Potentially Providing An Eligible Buyer With Up To $15,000 In Combined Down Payment And Closing Cost Support. Rent Roll And Expense Estimates Available Upon Request. Sold Strictly As-Is. Bring Your Investors And Your Vision!...
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Home facts
- Year built:1959
- Listing ID #:12800046
- Updated:November 14, 2026 at 12:32 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:5
- Full bathrooms:5
- Rooms Total:18
- Basement Description:Full, Partially Finished
Heating and cooling
- Heating:Electric
Structure and exterior
- Year built:1959
- Lot area:0.14 Acres
Utilities
- Water:Lake Michigan
- Sewer:Public Sewer
Finances and disclosures
- Price:$200,000
- Tax amount:$11,721 (2025)
Features and amenities
- Amenities:Multiple Water Heaters
Parking
- Total parking spaces:4
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