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Property Description
TRANSFORM 20,000 SQ FT INTO A TRIPLE-INCOME POWERHOUSE IN HARVEY, IL Imagine collecting rent from THREE different sources every single month. This isn't just a property-it's a ready-made income ecosystem with built-in diversification that savvy investors dream about. Currently home to The First Church of God, this meticulously maintained facility offers an extraordinary opportunity to generate $8,000-$12,000+ monthly from DAY ONE through strategic multi-tenant configuration: INCOME STREAM #1: Weekend Church Rental ($2,500-$3,500/month) 200-person sanctuary with professional sound system, baptismal tank, and video systems ALL INCLUDED! Wednesday evening + weekend services = steady, reliable income INCOME STREAM #2: Weekday Daycare Operations ($3,000-$4,500/month) Perfectly configured spaces for Monday-Friday childcare services Kitchen facilities already in place Separate entrance ensures zero conflict with other tenants Growing demand in Harvey for quality childcare = waiting list potential INCOME STREAM #3: Professional Office Suites ($2,500-$4,000/month) 15 individual offices ready for doctors, therapists, attorneys Second-floor location provides privacy and prestige Separate HVAC systems = tenants control their own comfort and costs Multiple entrances allow 24/7 professional access THE NUMBERS THAT MATTER: 20,000 sq ft of income-generating space Current parking for 20 cars PLUS additional lot ready for 20-30 more spaces Four sets of bathrooms across multiple levels JUST PASSED City of Harvey inspection (no hidden surprises!) ADDITIONAL INCOME OPPORTUNITIES: Event hall with commercial kitchen: Add $1,500-$2,500/month from parties, quinceaneras, community gatherings Evening programming space: Adult education, fitness classes, support groups Weekend parking: Overflow for nearby businesses or events WHY THIS WORKS: The building's brilliant design-multiple entrances, separate HVAC zones, natural space divisions-means each tenant operates independently. Your daycare families never cross paths with law office clients. Your weekend church services don't interfere with Monday morning therapy sessions. PERFECT FOR: Community Development Corporations seeking sustainable revenue models Impact investors wanting strong returns AND community benefit Experienced operators who understand the power of diversified income Visionaries who see beyond traditional single-use properties LOCATION ADVANTAGES: Harvey's strategic position: Chicago access without Chicago prices Growing Hispanic community = built-in market for all three uses City's revitalization efforts = appreciation potential This isn't just real estate-it's a community ecosystem that pays you monthly from multiple sources. While other investors chase single-tenant risks, you'll sleep soundly knowing that even if one tenant leaves, you still have income flowing. The building recently passed Harvey inspection. Multiple configurations possible. Existing congregation interested in lease-back arrangement. Don't let another investor capture this triple-income opportunity. In today's market, diversification isn't just smart-it's essential. Schedule your strategic investment tour today.
Full Property Details
Full Property Details for 14701 Myrtle Ave
General
- Sold For: $370,000
- Taxes: (2023)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12518110
- Added to Site: 234 day(s) ago
Additional Information
- Security/Safety: Alarm on Site, Fire Extinguisher(s)
Location
- Area: Harvey
- County: Cook
- Driving Directions: 147th Avenue to Myrtle to the corner building
- Location Details: East/West Corridor, Central Business District
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Building Heat, Forced Air, Gas, Heat Pump, Hot Water
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Foundation: Concrete Perimeter
- Roof: Composition
- Stories/Levels: 2
- Square Feet: 20,000
- Year Built: 1950
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 1
- Units w/Range/Oven: 1
Lot Features
- Lot Size (Sq. Ft.): 9,375
- Lot Dimensions: 75 x 125
- Frontage: City Street
- Potential Use: Commercial, Office, Special Use
- Zoning: OTHER
Financial Considerations
- Security Deposit: Alarm On Site, Fire Extinguisher/s
- Assessment Year: 1950
- Tax Year: 2023
Disclosures and Reports
- Property ID: 29083020010000
Listed by Century 21 Harthside Realtors
Sold by Realty of America
Get Pre-Approved Today
Schools
Schools serving 14701 Myrtle Ave
School Districts:Harvey School District 152, Thornton Township High School District 205
| Name | Grades | Distance |
|---|---|---|
Brooks Middle School, Harvey, IL 14741 Wallace Street, Harvey, IL 60426 | 6-8 | 1.1 mi |
Thornton Township High School 15001 Broadway Avenue, Harvey, IL 60426 | 9-12 | 0.6 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 14701 Myrtle Ave
Date
Details
Price
Change
Source
5/15/2026
Sold
$370,000
5.71%
MLS
11/12/2025
Listed
$350,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
14701 Myrtle Avenue, Harvey, IL 60426 (MLS# 12518110) is a Commercial property that was sold at $370,000 on May 15, 2026. Want to learn more about 14701 Myrtle Avenue? Do you have questions about finding other Commercial real estate for sale in Harvey? You can browse all Harvey real estate or contact a Coldwell Banker agent to request more information.

