Bought with Nancy Astroz of Realty of America
$370,000
$350,000
5.7%For more information regarding the value of a property, please contact us for a free consultation.
14701 Myrtle Avenue Harvey, IL 60426
20,000 SqFt
Key Details
Sold Price $370,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 20,000 sqft
Price per Sqft $18
MLS Listing ID 12518110
Sold Date 05/15/26
Year Built 1950
Tax Year 2023
Lot Dimensions 75 x 125
Property Sub-Type Mixed Use
Property Description
TRANSFORM 20,000 SQ FT INTO A TRIPLE-INCOME POWERHOUSE IN HARVEY, IL Imagine collecting rent from THREE different sources every single month. This isn't just a property-it's a ready-made income ecosystem with built-in diversification that savvy investors dream about. Currently home to The First Church of God, this meticulously maintained facility offers an extraordinary opportunity to generate $8,000-$12,000+ monthly from DAY ONE through strategic multi-tenant configuration: INCOME STREAM #1: Weekend Church Rental ($2,500-$3,500/month) 200-person sanctuary with professional sound system, baptismal tank, and video systems ALL INCLUDED! Wednesday evening + weekend services = steady, reliable income INCOME STREAM #2: Weekday Daycare Operations ($3,000-$4,500/month) Perfectly configured spaces for Monday-Friday childcare services Kitchen facilities already in place Separate entrance ensures zero conflict with other tenants Growing demand in Harvey for quality childcare = waiting list potential INCOME STREAM #3: Professional Office Suites ($2,500-$4,000/month) 15 individual offices ready for doctors, therapists, attorneys Second-floor location provides privacy and prestige Separate HVAC systems = tenants control their own comfort and costs Multiple entrances allow 24/7 professional access THE NUMBERS THAT MATTER: 20,000 sq ft of income-generating space Current parking for 20 cars PLUS additional lot ready for 20-30 more spaces Four sets of bathrooms across multiple levels JUST PASSED City of Harvey inspection (no hidden surprises!) ADDITIONAL INCOME OPPORTUNITIES: Event hall with commercial kitchen: Add $1,500-$2,500/month from parties, quinceaneras, community gatherings Evening programming space: Adult education, fitness classes, support groups Weekend parking: Overflow for nearby businesses or events WHY THIS WORKS: The building's brilliant design-multiple entrances, separate HVAC zones, natural space divisions-means each tenant operates independently. Your daycare families never cross paths with law office clients. Your weekend church services don't interfere with Monday morning therapy sessions. PERFECT FOR: Community Development Corporations seeking sustainable revenue models Impact investors wanting strong returns AND community benefit Experienced operators who understand the power of diversified income Visionaries who see beyond traditional single-use properties LOCATION ADVANTAGES: Harvey's strategic position: Chicago access without Chicago prices Growing Hispanic community = built-in market for all three uses City's revitalization efforts = appreciation potential This isn't just real estate-it's a community ecosystem that pays you monthly from multiple sources. While other investors chase single-tenant risks, you'll sleep soundly knowing that even if one tenant leaves, you still have income flowing. The building recently passed Harvey inspection. Multiple configurations possible. Existing congregation interested in lease-back arrangement. Don't let another investor capture this triple-income opportunity. In today's market, diversification isn't just smart-it's essential. Schedule your strategic investment tour today.
Location
State IL
County Cook
Zoning OTHER
Interior
Cooling Central Air
Fireplace N
Exterior
View Y/N true
Roof Type Composition
Building
Foundation Concrete Perimeter
Structure Type Brick
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