15633 Lexington Avenue, Harvey, IL 60426

Exceptional cash-flowing investment opportunity in the south suburban Chicago market. This fully leased, six-unit brick multi-family property delivers a 10.2% cap rate at $499,999 — a yield that is virtually impossible to replicate in Chicago proper at this price point, where comparable assets trade at $900,000 to $1.2 million.

The building features six fully rehabbed 3-bedroom, 1-bath apartments across three stories of solid brick construction. All units have been recently renovated, reducing near-term capital expenditure exposure for the next owner. Current gross monthly income is $6,700, producing $80,400 annually, with a net operating income of $45,876 after $34,524 in stabilized expenses.

A finished garden-level unit — previously used as a residential unit with a full kitchen, bathroom, and bedroom — is not currently reflected in the income figures. At comparable market rents of $900 to $1,000 per month, this represents $10,800 to $12,000 in additional annual gross income available to the next owner. Day-one value-add upside without the renovation cost.