Excellent opportunity to acquire a 20-unit studio apartment building in Harvey, IL. Conveniently located along busy 147th Street with approximately 23,000 vehicles per day, the property offers easy access to Interstates 57, 80, 94, and 294, major employers, public transportation, schools, healthcare, and retail amenities throughout Chicago’s south suburbs. Owned and maintained by the same ownership since 2012, the property features low-maintenance landscaping, with the parking lot to be repaved prior to closing or a credit provided to the purchaser. Current rents average approximately $750 per month with potential for future growth through continued operational improvements. Strong occupancy history and consistent demand have historically allowed ownership to rely primarily on on-site signage and referrals for leasing. An attractive workforce housing investment offering stable cash flow and value-add potential.
Property Details
Price:
$975,000
MLS #:
MRD12681020
Status:
Active
Beds:
0
Baths:
1
Type:
Commercial
Neighborhood:
harvey
Listed Date:
Jun 16, 2026
Total Sq Ft:
6,686
Lot Size:
14,679 sqft / 0.33 acres (approx)
Year Built:
1964
See this Listing
Schools
Interior
Exterior
Stories
2
Financial
Tax Year
2025
Taxes
$40,591
Map
Community
- Address184 W 147th Street Harvey IL
- CityHarvey
- CountyCook
- Zip Code60426
Market Summary
Current real estate data for Commercial in Harvey as of Oct 04, 2026
8
Commercial Listed
137
Avg DOM
$420,562
Avg List Price
Property Summary
- 184 W 147th Street Harvey IL is a Commercial for sale in Harvey, IL, 60426. It is listed for $975,000
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Copyright 2026. All rights reserved.
184 W 147th Street
Harvey, IL


