15633 Lexington Avenue, Harvey, IL

$499,999

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About 15633 Lexington Avenue

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.

Features of 15633 Lexington Avenue

MLS® # 12643303
Price $499,999
Bathrooms 0.00
Year Built 1922
Type Commercial Sale
Sub-Type Multi Family 5+
Status Active

Community Information

Address 15633 Lexington Avenue
Area Harvey
City Harvey
County Cook
State IL
Zip Code 60426

Amenities

Is Waterfront No
Has Pool No

Interior

Fireplace No
Has Basement Yes
Basement Finished

Exterior

Exterior Brick
Foundation Concrete Perimeter

Additional Information

Days on Market 76
Zoning MULTI
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeReal People Realty

Listing Map

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