15633 Lexington Avenue, Harvey, IL 60426

Active · For Sale · Multi Family 5+

$499,999

15633 Lexington Avenue, Harvey, IL 60426

Units
6
Price / Unit
$83,333
Est. GRM
73.53
Gross Income
$6,800

Property Overview

Exceptional 6-unit brick multi-family investment property in Harvey's south suburban Cook County market. Building features six fully rehabbed 3-bedroom, 1-bathroom apartments across three stories of solid masonry construction - all fully leased. Unit rents vary by floor with a strong income profile. Above-market cap rate relative to the Chicago metro average - see financial tab for full figures. Tenants pay electric and heat. Landlord expenses limited to water, garbage, and insurance. DSCR loan eligible - qualifies on property income, not personal W-2 documentation. The property also includes a finished garden-level basement space with kitchen, bathroom, and bedroom - not a legal dwelling unit per Cook County Assessor records; see Property Disclosure Addendum. $35,000 in recent capital improvements including cabinets, flooring, countertops, and fixtures. Convenient Metra and Pace Bus access serving the south suburban Cook County market. Close to retail and neighborhood services. All financial figures are estimates based on current occupancy - buyer and their advisors should independently verify all figures prior to closing. See Property Disclosure Addendum regarding garden-level basement space. Sold As-Is. Real People Realty. Equal Housing Opportunity.

Investor Resource

Property Intelligence

Financial Snapshot

Reported Annual Income
$6,800
Reported Annual Expenses
$36,887
Estimated GRM
73.53
Annual Taxes
$14,592 (2024)

Property Details

Units
6
Building Size
6,948 SF
Lot Size
8,600 SF
Lot Dimensions
8600 SQUARE FEET
Stories
3
Year Built
1922
Building Age
Older
Construction
Brick
Zoning
MULTI
Parcel Number
29173100140000

Operations & Utilities

Heating
Forced Air
Tenant Pays
Electricity, Heat
Electric
Separate Meters
Possession
Closing

Location & Use

County
Cook
Market Area
Harvey
Present Use
Multi-Family

Reported figures come from the listing source. When shown, estimated NOI and cap rate use reported income and expenses; estimated GRM uses asking price and reported income. All figures should be independently verified.