272 E 148th St

$269,950
Price
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Solid investment opportunity with strong in-place cash flow and upside potential. Legal 4-unit building with the ability to convert to a 6-unit by completing the basement studios. Currently generating approximately $4,000/month in gross income, with additional upside once the vacant unit is rented and basement units are completed. All leases include a 30-day vacancy clause upon sale. Major CapEx items have already been completed; remaining work is primarily cosmetic. Property features separate, newer...Solid investment opportunity with strong in-place cash flow and upside potential. Legal 4-unit building with the ability to convert to a 6-unit by completing the basement studios. Currently generating approximately $4,000/month in gross income, with additional upside once the vacant unit is rented and basement units are completed. All leases include a 30-day vacancy clause upon sale. Major CapEx items have already been completed; remaining work is primarily cosmetic. Property features separate, newer high-efficiency furnaces and hot water heaters for each unit, separate electric panels and gas meters, newer windows, and a roof and gutters approximately 2 years old. Laundry located in the basement. Configuration consists of 1 bed / 1 bath units. Five units are currently occupied: Ideal value-add opportunity for investors seeking stable cash flow with future upside.
  1. Listed by Katherine Vences • RE/MAX Mi Casa
    P: (630)-415-9109 C: (630)-415-9109 kvenceshomes@gmail.com

Property Details for 272 East 148th Street

Area
Harvey
Township
Thornton
Ownership
Fee Simple
Num Of Parking Spaces
4.0
Parking Included in Price
Yes
Heat/Fuel
Natural Gas, Electric
Zoning
MULTI
LISTING UPDATED: 01/08/2026 12:07 AM

Property Details for 272 East 148th Street

StatusActive
MLS #12538401
Days on Market9
Taxes$10,753 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 2 Story Unit/S
Year Built1963
Lot Size0.10 AC / 4,250 SF
CountyCook County

Location

Listing Courtesy of RE/MAX Mi Casa
Add your commute

Building Information for 272 East 148th Street

Stories-Residences4Year Built1963Building Size-Lot Size0.10 AC / 4,250 SF

Payment Calculator

$2,212 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,316

Property Taxes

$896

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 272 East 148th Street

General Information
School Information
  • Elementary School District: 152
  • High School District: 154
  • Middle Or Junior School District: 167
Addtl Parking Information
  • Parking Details: Unassigned, Yes, Owned
Property Information
Interior Features
  • Num Of Rooms: 12
  • Bedrooms Total: 4
  • Bedrooms (Below Grade): 0
  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved
  • Basement Type: Partially Finished, Unfinished, Full
  • Bedrooms Possible: 4
  • # Full Baths in Building: 5
  • # Half Baths in Building: 0
  • Num of Baths: 5.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan, Public, Well-Shared
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: 61-70 Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 34 X 125
  • Total # Units in Building: 4.0
  • Waterfront: No
  • Construction: Brick
  • Roof Type: Rubber
  • Foundation Details: Concrete Perimeter
  • General Information: None
  • 3 Br Un In Bldg: No
Property and Assessments
  • Buyer Financing: Conventional, FHA, VA
  • Public Document Count: 1
  • Document Date: 2026-01-03T15:23:58
  • Photos Count: 25
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Insurance Expense: $1,637.00
  • Insurance Expense Source: Owner Projection
  • Water Expense Source: Combination
  • Water Sewer Expense: $2,400.00
Unit 1
  • Unit Type Actual Rent: $825.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 10/24
Unit 2
  • Unit Type Actual Rent: $825.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 0
Unit 3
  • Unit Type Actual Rent: $825.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
  • Lease Expiration Date: 06/24
Unit 4
  • Unit Type Actual Rent: $825.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 4
  • Lease Expiration Date: 0

Property History for 272 East 148th Street

DateEvent & SourcePriceAppreciation
Dec 31, 2025

Listed (Active)

MRED #12538401

$269,950
Sep 9, 2024

Expired

MRED #11986281

$200,000
Apr 8, 2024

Price Change

MRED #11986281

$230,000
Apr 8, 2024

Listed (Active)

MRED #11986281

$199,900
DateEvent & SourcePrice
12/31/2025

Listed (Active)

MRED #12538401

$269,950
09/09/2024

Expired

MRED #11986281

$200,000
04/08/2024

Price Change

MRED #11986281

$230,000
04/08/2024

Listed (Active)

MRED #11986281

$199,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 272 East 148th Street

Taxable ValueLand$1,500Additions$789Total$2,289
Tax Record2023$1,624 ($135 / month)
Home Facts
Lot Size2,000 SqFtStyleMiscellaneous CommercialYear Built1956CountyCOOKAPN29-07-310-037

Schools near 272 East 148th Street

This home is within Thornton Twp Hsd 205 School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Bryant Elementary School
PublicK to 5

Brooks Middle School
Public6 to 8

Thornton Township High School
Public9 to 12

Outlook Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

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272 East 148th Street is a multi-family home for sale in Harvey, IL 60426. This property was listed for sale on December 31, 2025 by RE/MAX Mi Casa, it's currently listed at $269,950. This listing's school districts are Harvey School District 152, Thornton Twp Hsd 205 School District. Nearby schools include Bryant Elementary School, Brooks Middle School and Thornton Township High School. 272 East 148th Street is a 4-bed, 5-bath, multi-family home built in 1963.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Mi Casa

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 01/08/2026 12:07 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.