131 W 150TH Street, Harvey, IL 60426

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 Information

Property Features

Interior:

In-Law Floorplan

Cooling:

Central Air

Heating:

Natural Gas, Forced Air

Fireplace:

Gas Starter

Basement:

Finished, Full, Walk-Out Access

Parking:

Detached, Garage

Patio:

Screened

Fencing:

Fenced

Construction:

Brick

Foundation:

Concrete Perimeter

Roof:

Asphalt

Sewer:

Public Sewer

Rooms

• 22X15Main
• Bedroom 211X11Main
• Bedroom 312X10Main
• Bedroom 411X10Main
• Dining Room
• Family Room17X16Basement
• Kitchen17X10Main
• Laundry
• Living Room15X12Lower
• Master Bedroom22X11Basement

HOA & Tax

Annual Tax:

$1,614 (2025)

Parcel #:

29074160440000

Directions

DIXIE HWY TO 150TH E TO PROPERTY (BET DIXIE & WOOD ST)

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