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Property 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.
Full Property Details
Full Property Details for 131 W 150th St
General
- Sold For: $45,000
- Taxes: $1,614 (2025)
- Status: Closed
- Type: Single Family
- Source: MRED
- MLS ID: 12669664
- Added to Site: 81 day(s) ago
Interior
- Interior Features: In-Law Floorplan
- Fireplace: Yes
- Fireplace(s): Basement, Gas Starter
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
- Basement Baths: Yes
Bedrooms
- Total Bedrooms: 4
- Bedrooms(Blw Grade): 1
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Features: Yes, Detached, Garage
Location
- Area: Harvey
- County: Cook
- Driving Directions: DIXIE HWY TO 150TH E TO PROPERTY (BET DIXIE & WOOD ST)
School Information
- School District: 147
- Midd School District: 147
Community
- Assoc. Fees Include: None
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Natural Gas, Forced Air
Utilities
- Water: Lake Michigan
Structural Information
- Architectural Style: Step Ranch
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: Finished, Full, Walk-Out Access
- Foundation: Concrete Perimeter
- Roof: Asphalt
- Square Feet: 864
- Sq. Ft. Source: Estimated
- Year Built: 1959
- Built Before 1978: Yes
Lot Features
- Lot Size Range: Standard Chicago Lot
- Lot Dimensions: 145 x 37.50
- Fence: Yes
- Fencing (Description): Fenced
Financial Considerations
- Assessment Year: 1959
- Tax Amount: $1,614.34
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: Home Warranty
- Property ID: 29074160440000
Listed by EXIT Strategy Realty
Sold by Coldwell Banker Realty
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Schools
Schools serving 131 W 150th St
School Districts:West Harvey-Dixmoor Public School District 147, Thornton Township High School District 205
| Name | Grades | Distance |
|---|---|---|
Rosa L Parks Middle School 14700 Robey Ave, Dixmoor, IL 60426 | 5-8 | 0.4 mi |
Martin L King Elementary School 14600 Seeley Avenue, Dixmoor, IL 60426 | 1-4 | 0.5 mi |
Lincoln Elementary School, Dixmoor, IL 14100 Honore Avenue, Dixmoor, IL 60426 | PK-K | 1.1 mi |
Thornton Township High School 15001 Broadway Avenue, Harvey, IL 60426 | 9-12 | 1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 131 W 150th St
Date
Details
Price
Change
Source
8/21/2026
Sold
$45,000
-30.77%
MLS
7/02/2026
Price Reduced
$64,999
-26.97%
MLS
6/23/2026
Price Reduced
$89,000
-10.1%
MLS
6/05/2026
Listed
$99,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
131 W 150th Street, Harvey, IL 60426 (MLS# 12669664) is a Single Family property that was sold at $45,000 on August 21, 2026. Want to learn more about 131 W 150th Street? Do you have questions about finding other Single Family real estate for sale in Harvey? You can browse all Harvey real estate or contact a Coldwell Banker agent to request more information.

