131 W 150TH Street, Harvey, IL 60426
Cook County
Key Facts
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.
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Style
Step Ranch
Year Built
1959
Living Area
864 sq ft
Lot Dimensions
145 X 37.50
Garage Spaces
2
Parking Spaces
2
Ownership
Fee Simple
Days on Market
34
MLS® Listing#
12669664
Property Features
Interior
Cooling
Heating
Fireplace
Basement
Parking
Patio
Fencing
Construction
Foundation
Roof
Sewer
Rooms
- 22X15Main
- Bedroom 211X11Main
- Bedroom 312X10Main
- Bedroom 411X10Main
- Dining Room
- Family Room17X16Basement
- Kitchen17X10Main
- Laundry
- Living Room15X12Lower
- Master Bedroom22X11Basement
Financial Details
Annual Taxes
$1,614
Tax year 2025
Parcel Number
29074160440000
Directions
DIXIE HWY TO 150TH E TO PROPERTY (BET DIXIE & WOOD ST)
Affordability Calculator
$13,000
Estimated monthly payment
$346/mo
Principal $51,999 · Est. interest $72,544 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Harvey, IL
- 46
- Median Days on Market
- 1,400
- Median Sq Ft
- $115
- Median Price / Sq Ft
- 74
- Active Listings
- Its price per sq ft is 35% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Harvey, IL.
Location
Points of Interest in Harvey, IL
Showing the Harvey area map.
Nearby Schools
Washington Elementary School
Elementary · 0.3 mi away
Martin L King Elementary School
Elementary · 0.5 mi away
Whittier Elementary School
Elementary · 0.7 mi away
Elmer G Kich School
School · 0.7 mi away
Sandburg Elementary School
Elementary · 0.8 mi away
Maya Angelou Elementary School
Elementary · 1.0 mi away
Thornton Twp High School Dist
Secondary · 1.0 mi away
Lowell Longfellow Elementary School
Elementary · 1.1 mi away
Bryant Elementary School
Elementary · 1.1 mi away
Lincoln Elementary School
Elementary · 1.1 mi away
Harvey Public Schools, District 152
School · 1.3 mi away
Alternative Academic Achievement
School · 1.3 mi away
St Stanislaus B and M Elementary School
Elementary · 1.4 mi away
Posen Elementary School
Elementary · 1.5 mi away
Field School
School · 1.7 mi away
Brooks Middle School
Secondary · 1.7 mi away
Gordon School
Elementary · 1.8 mi away
AAA Academy
School · 1.8 mi away
Early Childhood Center
School · 1.8 mi away
Holmes Elementary School
Elementary · 1.8 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 225 W 155th Street, Harvey, IL | $48,000 | 2 | 2 | — |
| 15032 Winchester Avenue, Harvey, IL | $55,000 | 3 | 1 | 990 |
| 15725 Loomis Avenue, Harvey, IL | $59,900 | 3 | 1 | 936 |
| 14606 Myrtle Avenue, Harvey, IL | $60,000 | 2 | 1 | 864 |
| 15129 LEXINGTON Avenue, Harvey, IL | $60,000 | 5 | 2 | 2,130 |
| 15641 Paulina Street, Harvey, IL | $70,000 | 3 | 2 | 1,260 |
Moving Cost Estimate
EXIT Agents in Harvey
Listing Courtesy: EXIT Strategy Realty - jaymalgreen@gmail.com
Last Updated: 2026-06-05