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6-Unit Apartment Building
New
For Sale
$499,999

15633 Lexington Avenue, Harvey, IL 60426

Fully leased masonry property with renovated apartments and a finished, nonlegal garden-level space.

Property Size6,948 SF
Days on Market4

Property Features for 15633 Lexington Avenue

General Information

Standard status Active
Size 6,948 SF
Property subtype Commercial
Zoning MULTI
Occupancy 100%

Units

Unit Mix 6 x 3BR/1BA
Multifamily Units 6

Additional Details

Public Transit Yes

Taxes and HOA fees

Annual Taxes $14,592

Building Details

Building Size 6,948 SF
Year Built 1922
Buildings 1
Stories 3
Units 6
Construction brick
Listing Agency: Real People Realty
Listed By: Mario Bear
Source: Ozmentrealestate
Added: Aug 17 Changed: Aug 18 Last Checked: Aug 19 at 2:05PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real People Realty

Investment Insights

Based on property information with market context.

This three-story apartment property contains six fully leased residences, each configured with three bedrooms and one bathroom. The solid masonry building dates to 1922, and the apartments have been rehabilitated with updated cabinets, flooring, countertops, and fixtures. Tenants pay their own electric and heat, while ownership is responsible for water, garbage, and insurance. The property is being offered as-is.

A finished garden-level area adds a kitchen, bathroom, and bedroom, but it is not recognized as a legal dwelling unit in Cook County Assessor records. The property is located at 15633 Lexington Avenue in Harvey, Illinois, with access to Metra and Pace Bus service. Retail and neighborhood services are nearby.

Key Highlights

  • Six fully leased 3‑bedroom, 1‑bathroom apartments
  • Three‑story solid masonry building constructed in 1922
  • Rehabilitated apartments with updated cabinets, flooring, countertops, and fixtures

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

857
Businesses Nearby

Demographics for 60426, IL

24,114
Population
10,870
Households
2.2
Avg Household Size
37
Median Age
10%
College-Educated
77%
High-School Grad
7.7 sq mi
ZIP Area
3,132
Density / Sq Mi
$40,995
Median Household Income
$29,712
Median Earnings
$987
Median Rent
$88,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Fully leased masonry property with renovated apartments and a finished, nonlegal garden-level space.
Where is this apartment building located?
The property is located at 15633 Lexington Avenue Harvey, IL.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: Six fully leased 3‑bedroom, 1‑bathroom apartments; Three‑story solid masonry building constructed in 1922; Rehabilitated apartments with updated cabinets, flooring, countertops, and fixtures
More about this property
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