14
See all 14 photos
$205,000
Est. payment /mo
8 Beds
New
14526 Loomis Avenue Harvey, IL 60426
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12402704
Bedrooms 8
Year Built 1961
Annual Tax Amount $8,497
Tax Year 2023
Lot Dimensions 123X3
Property Sub-Type Two to Four Units
Property Description
Turn-Key Investment Opportunity - Solid 3-Unit Brick Building with Immediate Cash Flow Potential Investors, take notice! This well-maintained three-unit brick building presents a fantastic opportunity to own a cash-flowing asset in a neighborhood surrounded by other well-kept multi-units. The first and second floors feature identical spacious 3-bedroom layouts, each with a large eat-in kitchen, fresh paint, new carpet, updated kitchen appliances, and modern bathroom fixtures-perfectly move-in ready for renters. The garden unit, designed as a 2-bedroom, 1-bath, is near completion-framing and plumbing are done, and electrical work is nearly finished. With minimal investment, you can unlock a third income-producing unit and boost your ROI. Additional income stream from coin-operated laundry on-site, generating approximately $200/month, which currently covers the water bill. Recent capital improvements include: New windows (~2020) New roof on both building and garage (~2023) Individually metered furnaces and hot water heaters (~2023) - Tenants pay their own electric and gas! 2-car garage for added rental income potential This property is also Section 8 approved, offering rent stability and reduced vacancy risk. Whether you're looking for owner-occupancy with supplemental income or want to rent out all three units, this is a smart, low-maintenance addition to any portfolio. Located with easy access to expressways and toll roads, making it attractive to commuters and tenants alike. Everything has been thoughtfully upgraded-your only job is to collect the cash flow. Don't miss out on this high-performing investment. Schedule your showing today!
Location
State IL
County Cook
Rooms
Basement None
Interior
Heating Natural Gas
Fireplace N
Exterior
Garage Spaces 2.0
View Y/N true
Building
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction false
Schools
School District 152, 152, 152
Others
Ownership Fee Simple
Special Listing Condition None
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Michelle Cole • eXp Realty