Property profile

256 157th St Harvey, IL 60426

OFF-MARKET
Residential income homes
Property ID
US28-2665843
1,936 SF 0.06 ac lot Built 1917
Individually Owned 30-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity in Harvey, Illinois presents a 2,400 square foot freestanding commercial building situated on a 0-acre lot at 256 E 157th Street. Previously operating as a combined liquor store and grocery store, this property offers significant income potential. A one-bedroom apartment is included, providing additional rental income streams. The building has undergone several key improvements in recent years, enhancing its value and functionality. These upgrades include a new roof installed in 2016, a complete replacement of the copper piping, and updated electrical and plumbing systems. This ensures the property is well-maintained and ready for immediate occupancy. The property is being sold "as is," presenting a unique chance for a savvy investor to capitalize on its existing cash flow and further increase its value through potential renovations or lease adjustments. This is an ideal acquisition for cash buyers seeking a strong return on investment in a growing market. Serious inquiries from pre-approved buyers are encouraged, with cash offers given preference. The property's prime location and solid foundation make it a compelling investment prospect. Don't miss this chance to acquire a profitable commercial property with significant upside.

Property profile

Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1917
Construction FRAME
Total area 1,936 SF
Lot 0.06 ac (2,781 SF)
APN 29-17-407-048
UPID US28-2665843

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Grocery & Convenience Store

Location

256 157th St Harvey, IL 60426-3766
Harvey metro Census 827500 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$310k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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