131 W 150TH Street, Harvey, IL
  • $99,000

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.

  • Listing Courtesy of: EXIT Strategy Realty

Details

Updated on June 8, 2026 at 7:15 am
  • Property ID MRD12669664
  • Price $99,000
  • Property Size 864 Sq Ft
  • Bedrooms 3
  • Bathrooms 2
  • Garages 2
  • Year Built 1959
  • Property Type Single Family
  • Property Status Active
  • Parking Total 2
  • Parcel Number 29074160440000
  • Water Source Lake Michigan
  • Sewer Public Sewer
  • Architectural Style Step Ranch
  • MLS Status New
  • Fire Places Total 1
  • Cumulative Days On Market 2
  • Tax Annual Amount 1614.34
  • Cooling Central Air
  • Heating Natural Gas,Forced Air
  • Parking Features Yes,Detached,Garage
  • Directions DIXIE HWY TO 150TH E TO PROPERTY (BET DIXIE & WOOD ST)
  • Association Fee Frequency Not Applicable
  • Interior Features In-Law Floorplan
  • Address 131 W 150TH Street
  • City Harvey
  • State/county IL
  • Zip/Postal Code 60426
  • Country United States

Overview

Property ID: MRD12669664
  • Single Family
  • Property Type
  • 3
  • Bedrooms
  • 2
  • Bathrooms
  • 2
  • Garages
  • 864 Sq Ft
  • Area Size
  • 1959
  • Year Built

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