14526 Loomis AVE new Save Request In-Person Tour Request Virtual Tour
Harvey,IL 60426
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
**CALLING FOR FINAL OFFER BY SATURDAY 6/28/25 8PM** 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
Area Harvey
Rooms
Basement None
Interior
Heating Natural Gas
Fireplace N
Exterior
Garage Spaces 2.0
Building
Dwelling Type Two to Four Units
Building Description Brick, No
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