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Stephany Oliveros

steph@chigroupre.com +1(773) 904-0438

Listed by Ja'Mal Greenof EXIT Strategy Realty

Est. payment | -/mo

4 Beds

2 Baths

864 SqFt

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Est. payment | -/mo

Save

4 Beds

2 Baths

864 SqFt

Key Details

Property Type Single Family Home

Sub Type Detached Single

Listing Status Active

Purchase Type For Sale

Square Footage 864 sqft

MLS Listing ID 12669664

Style Step Ranch

Bedrooms 4

Full Baths 2

Year Built 1959

Annual Tax Amount $1,614

Tax Year 2025

Lot Dimensions 145 X 37.50

Property Sub-Type Detached Single

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.

Location

State IL

County Cook

Rooms

Basement Finished, Full, Walk-Out Access

Interior

Interior Features In-Law Floorplan

Heating Natural Gas, Forced Air

Cooling Central Air

Fireplaces Number 1

Fireplaces Type Gas Starter

Fireplace Y

Exterior

Garage Spaces 2.0

View Y/N true

Roof Type Asphalt

Building

Story Raised Ranch

Foundation Concrete Perimeter

Sewer Public Sewer

Water Lake Michigan

Structure Type Brick

New Construction false

Schools

School District 147, 147, 205

Others

HOA Fee Include None

Ownership Fee Simple

Special Listing Condition Home Warranty

+1(773) 904-0438

steph@chigroupre.com

Chicago, IL, 60618, United States

131 W 150TH ST Harvey, IL 60426

Stephany Oliveros

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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131 W 150TH ST

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