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Multifamily

Harvey Apartments

184 W 147th St, Harvey, IL 60426

Listing Price: $700,000

Cap Rate
11.08%
Number of Units
20
GRM
4.20
Price/Unit
$35,000
Price/Gross SF
$67.63
Gross SF
10,350

Investment Overview

Marcus & Millichap is pleased to present 184 West 147th Street in Harvey, Illinois located in Cook County. The subject property is comprised of 20 apartment units, all of which are 450-square-foot studios. The units feature hardwood floors, laminate countertops, and oak cabinets. The property is in close proximity to multiple transit stations, a variety of retail and restaurants.
The subject property is just a five-minute drive from the Metra’s 147th Street station and Robbins station. Pace busses service the area, including the 147th Street and Robey Avenue stops via routes 349 and 354. By car, there is direct access to the Loop, roughly 20 miles north via I-57. Harvey, Illinois is a city in the southern end of Cook County with a population of over 20,000 residents.

Investment Highlights

  • Excellent Location Along Main Thoroughfare
  • High Demand For Studio Apartments within the Submarket
  • Well Below-Market Rents Allow For Significant Upside Potential
  • On-Site Parking
  • Close Proximity to Multiple Transit Stations, and Major Retailers

Exclusively Listed By

Financing By

Multifamily

Harvey Apartments

Listing Price: $700,000

Cap Rate
11.08%
Number of Units
20
GRM
4.20
Price/Unit
$35,000
Price/Gross SF
$67.63
Gross SF
10,350

Investment Highlights

  • Excellent Location Along Main Thoroughfare
  • High Demand For Studio Apartments within the Submarket
  • Well Below-Market Rents Allow For Significant Upside Potential
  • On-Site Parking
  • Close Proximity to Multiple Transit Stations, and Major Retailers

Investment Overview

Marcus & Millichap is pleased to present 184 West 147th Street in Harvey, Illinois located in Cook County. The subject property is comprised of 20 apartment units, all of which are 450-square-foot studios. The units feature hardwood floors, laminate countertops, and oak cabinets. The property is in close proximity to multiple transit stations, a variety of retail and restaurants. The subject property is just a five-minute drive from the Metra’s 147th Street station and Robbins station. Pace busses service the area, including the 147th Street and Robey Avenue stops via routes 349 and 354. By car, there is direct access to the Loop, roughly 20 miles north via I-57. Harvey, Illinois is a city in the southern end of Cook County with a population of over 20,000 residents.

Exclusively Listed By

Financing By

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