Excellent opportunity to acquire a 20-unit studio apartment building in Harvey, IL. Conveniently located along busy 147th Street with approximately 23,000 vehicles per day, the property offers easy access to Interstates 57, 80, 94, and 294, major employers, public transportation, schools, healthcare, and retail amenities throughout Chicago's south suburbs. Owned and maintained by the same ownership since 2012, the property features low-maintenance landscaping, with the parking lot to be repaved prior to closing or a credit provided to the purchaser. Current rents average approximately $750 per month with potential for future growth through continued operational improvements. Strong occupancy history and consistent demand have historically allowed ownership to rely primarily on on-site signage and referrals for leasing. An attractive workforce housing investment offering stable cash flow and value-add potential.
Property Map
Please use the print button to include maps when printing.
For more information about 184 W 147th, Harvey, IL 60426 contact Corcoran Urban Real Estate.
Broker Reciprocity
Listing provided by MR. LANDMAN
All information provided is deemed reliable but is not guaranteed and should be independently verified.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program
of the Midwest Real Estate Data LLC. Real estate listings held by brokerage firms other than Urban Real Estate are
marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.
Some IDX listings have been excluded from this website.
