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131 W 150th Street Harvey, IL 60426 Residential - Single Family New

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  • 131 W 150th Street, Harvey, IL 60426 Main Photo

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Description

131 E. 150th Street presents a compelling fix-and-flip or buy-and-hold investment opportunity in the growing South Suburban market. This solid brick ranch offers investors the chance to acquire a property with strong structural appeal and significant upside through renovation and repositioning. The home features a desirable single-story layout, spacious living areas, multiple bedrooms, original hardwood flooring, and a full unfinished basement with substantial additional storage and future finishing potential. While the property requires cosmetic and interior updates, the overall footprint and construction provide an excellent foundation for a value-add renovation. The exterior showcases durable brick construction and attractive curb appeal, while the interior offers an opportunity to modernize the kitchen, bathrooms, flooring, lighting, and finishes to maximize resale value or rental income. The large basement presents additional possibilities for recreation space, storage, or expanded living areas, subject to local requirements. Located on a residential block with convenient access to schools, transportation, shopping, and major employment corridors, this property is well-positioned for investors seeking a project with multiple exit strategies. Whether renovated for resale, added to a rental portfolio, or utilized as a long-term wealth-building asset, 131 E. 150th Street offers the potential to create substantial equity through strategic improvements. Opportunities to acquire brick homes with this level of renovation upside are becoming increasingly limited. Investors looking for their next value-add project should take a serious look at the potential offered by 131 E. 150th Street.

Property Highlights

Property Type: Residential - Single Family
Total Living Area SF: 864
Walkout Basement
Garage Size: 2
Built in 1959
School District: District 205
Brick Exterior
One Fireplace

General Information

Bedrooms: 4
Bathrooms: 2
Sqft: 864
County: Cook
Listed By:
EXIT Strategy Realty 312-554-5478
MRED MLS

Room Information

Screened Porch: 22X15
Bedroom 2: 11X11
Bedroom 3: 12X10
Bedroom 4: 11X10
Family Room: 17X16
Kitchen: 17X10
Living Room: 15X12
Primary Bedroom: 22X11
$99,000
Est. $719/mo
4beds
2baths
864sqft
2cars
New to the Market New
BEDS4 BATHS2 full SQUARE FEET864 MLS#12669664
STATUSNew PROPERTY TYPEResidential - Single Family SCHOOLDistrict 205

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131 W 150th Street, Harvey, IL 60426.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $99,000$99,000$99,000
Down Payment $19,800$3,465$24,750
Monthly Mortgage Amount $481$599$612
Taxes $138$138$138
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$44$0
Monthly Estimated Total $719$881$850

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