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$1,100,000 Just Listed
Property Description
Excellent opportunity to acquire a 20-unit studio apartment building in Harvey, IL. Conveniently located along busy 147th Street with approximately 23,000 vehicles per day, the property offers easy access to Interstates 57, 80, 94, and 294, major employers, public transportation, schools, healthcare, and retail amenities throughout Chicago's south suburbs. Owned and maintained by the same ownership since 2012, the property features low-maintenance landscaping, with the parking lot to be repaved prior to closing or a credit provided to the purchaser. Current rents average approximately $750 per month with potential for future growth through continued operational improvements. Strong occupancy history and consistent demand have historically allowed ownership to rely primarily on on-site signage and referrals for leasing. An attractive workforce housing investment offering stable cash flow and value-add potential.
Full Property Details
Full Property Details for 184 W 147th St
General
- Price: $1,100,000
- Taxes: $40,591 (2025)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12681020
- Updated: 6/17/2026
- Added to Site: 4 day(s) ago
Location
- Area: Harvey
- County: Cook
- Driving Directions: The property is on the south side of 147th street just SW of Rosa Parks Middle School.
Heating & Cooling
- Heating Type: Separate per Unit
Structural Information
- Stories/Levels: 2
- Square Feet: 6,686
- Year Built: 1964
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 20
- Units w/Range/Oven: 20
Lot Features
- Lot Size (Acres): 0.33
- Lot Size (Sq. Ft.): 14,679
- Lot Dimensions: 109 x 136
- Zoning: MULTI
Financial Considerations
- Operating Expenses: $41,775
- Assessment Year: 1964
- Tax Amount: $40,591
- Tax Year: 2025
Disclosures and Reports
- Property ID: 29073060100000
Listed by Mr. Landman
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Schools
Schools serving 184 W 147th St
School Districts:West Harvey-Dixmoor Public School District 147, Thornton Township High School District 205
| Name | Grades | Distance |
|---|---|---|
Martin L King Elementary School 14600 Seeley Avenue, Dixmoor, IL 60426 | 1-4 | 0.1 mi |
Rosa L Parks Middle School 14700 Robey Ave, Dixmoor, IL 60426 | 5-8 | 0.1 mi |
Lincoln Elementary School, Dixmoor, IL 14100 Honore Avenue, Dixmoor, IL 60426 | PK-K | 0.8 mi |
Thornton Township High School 15001 Broadway Avenue, Harvey, IL 60426 | 9-12 | 1.3 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 184 W 147th St
Date
Details
Price
Change
Source
6/16/2026
Listed
$1,100,000
450%
MLS
6/15/2012
Sold
$200,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 184 W 147th St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$23,538
12%
$33,178
37%
2022
$20,980
2%
$24,223
—
2021
$20,511
3%
$24,223
—
2020
$19,903
27%
$24,223
26%
2019
$15,625
3%
$19,269
—
2018
$15,129
2%
$19,269
—
2017
$14,878
13%
$19,269
6%
2016
$13,191
4%
$18,257
—
2015
$12,689
1%
$18,257
—
2014
$12,625
20%
$18,257
10%
2013
$10,540
-27%
$16,542
-30%
2012
$14,532
—
$23,670
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 184 W 147th St
184 W 147th Street, Harvey, IL 60426 (MLS# 12681020) is a Commercial property. 184 W 147th Street is currently listed for $1,100,000 and was received on June 16, 2026. Want to learn more about 184 W 147th Street? 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.
