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    272 E 148Th St Harvey, IL 60426

    Sponsored
    For Sale
    $269,950

    MULTI_FAMILY - Harvey, IL

    Days on Market:
    2
    Last Refresh:
    Jan 9 at 3:06 pm

    Property Features for 272 E 148Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MULTI
    Rooms
    Bathroom 3, Bathroom 5, Bedroom 2, Bathroom 1, Basement, Bathroom 4, Bathroom 2, Bedroom 1, Bedroom 3, Bedroom 4
    Bedrooms
    4
    Bathrooms
    5
    APN
    29084100090000
    Parking
    4
    Parking features
    Owned, Assigned
    Basement
    Full, Unfinished, Partially Finished

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Electric (Heating)
    Water source
    Public, Well

    Building Details

    Year built
    1963
    Building materials
    Brick
    Roof type
    Rubber

    RE/MAX MI CASA (773) 767-1616 [email protected]

    Listing agent Katherine Vences (630) 415-9109

    Listing date Jan 8, 2026

    MLS# 12538401 Listing URL

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Harvey Multifamily Investment Opportunity

    This is a legal 4-unit multifamily property with the potential to convert it into a 6-unit building by completing the basement studios. It is currently generating approximately $4,000 per 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 capital expenditure items have already been completed, with the remaining work being primarily cosmetic. The property features separate, newer high-efficiency furnaces and hot water heaters for each unit, separate electric panels and gas meters, and newer windows. The roof and gutters are approximately 2 years old. Laundry facilities are located in the basement. The configuration consists of 1 bed / 1 bath units. Five units are currently occupied. This property is an ideal value-add opportunity for investors seeking stable cash flow with future upside.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Harvey
    County
    Cook
    State
    Illinois
    Longitude
    -87.64036
    Latitude
    41.620551

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    FAQs

    What type of property is this?
    Quadplex - Legal 4-unit with potential to convert to 6-unit.
    Where is this quadplex located?
    The property is located at 272 E 148Th St Harvey, IL.
    What is the asking price?
    The asking price for this property is $269,950.
    What are key features of this property?
    This property features: - Strong in-place cash flow (approximately $4,000/month gross income).; - Opportunity to increase unit count from 4 to 6 by completing basement studios.; - Separate, newer high-efficiency furnaces and hot water heaters for each unit.
    (630) 415-9109
    Request Owner's contact information
    272 E 148Th St Harvey, IL 60426
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    272 E 148Th St Harvey, IL 60426
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