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    15431 Ashland Ave Harvey, IL 60426

    Sponsored
    For Sale
    $110,000

    Six-unit brick building, fully occupied, great location.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional investment opportunity presents a six-unit brick building ideally situated in the heart of Harvey, Illinois, at 15431 Ashland Avenue. The property boasts a prime location, within easy walking distance of public transportation, the post office, a hospital, schools, and the Metra station, ensuring high occupancy rates and convenient access for residents. The building itself comprises a mix of apartment units: two studios and four one-bedroom units, each with its own bathroom. The building is currently fully occupied, providing immediate cash flow for the new owner. Recent improvements include a new roof and porch, installed in 2020, enhancing the property's curb appeal and longevity. The units are heated by radiators, a cost-effective system for the building's size. Nestled amongst attractive single-family homes, this property offers a stable and desirable residential environment. The property is being sold "as is," presenting a chance for a savvy investor to acquire a well-located, income-generating asset at an attractive price. All offers will be considered, reflecting the seller's motivation to finalize a sale. This is a rare chance to acquire a solid, cash-flowing multi-family property in a convenient and desirable location. Don't miss this opportunity to add a valuable asset to your portfolio.

    Property Features for 15431 Ashland Ave

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    1927
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -87.6557
    Latitude
    41.60862

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    FAQs

    What type of property is this?
    Commercial real estate - Six-unit brick building, fully occupied, great location.
    Where is this commercial real estate located?
    The property is located at 15431 Ashland Ave Harvey, IL.
    What is the asking price?
    The asking price for this property is $110,000.
    (708) 243-0030
    Request Owner's contact information
    15431 Ashland Ave Harvey, IL 60426
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    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
    15431 Ashland Ave Harvey, IL 60426
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