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    Property profile & analytics

    256 157Th St Harvey, IL 60426

    • Residential income homes
    • 1,936 SF
    • 0.06 lot acres
    For Sale
    View listing
    $139,999
    Value Estimation
    Location Intelligence
    Property ID
    US28-2665843
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Residential income homes

    Property Details for 256 157Th St

    Year built
    1917
    Construction
    FRAME
    Lot size
    0.06 lot acres
    Property size
    1,936 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    29-17-407-048
    APU
    2917407048

    Description

    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.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Harvey
    County
    Cook
    State
    Illinois
    Longitude
    -87.6416
    Latitude
    41.6043
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $5,111
    $764
    $8,941
    $9,705
    -
    $7,640
    $89,410
    $97,050

    Comparable in this City

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      15731 Willard Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,696 SF
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      14833 Wood St

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      14833 Wood St, Harvey, IL 60426-2021
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      14640 Spaulding Ave

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      15709 Myrtle Ave

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      15709 Myrtle Ave, Harvey, IL 60426-5203
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    • Value Estimation by Request
      1,600 SF

      15600 Myrtle Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,600 SF
      15600 Myrtle Ave, Harvey, IL 60426-4321
      View Details

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    256 157Th 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
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