14701 Myrtle Avenue Harvey, IL $ 350,000
14701 Myrtle Avenue
$ 350,000
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14701 Myrtle Avenue

Harvey, IL, 60426
$ 350,000
Bedrooms-- Baths-- Sq 20,000

Monthly Estimate*

$ 2,184

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Commercial Property for sale in Harvey, IL

for $350,000. This 20,000 square foot building was built in 1950 on a lot size of 0.21522.

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.

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Commercial Active

Price

$ 350,000

Property Type

Commercial

Taxes

$ 0

Style

Lot Size

0.21522

Year Built

1950

Town/City

Harvey

County/Region

Cook

MLS | Web ID

12518110

Features
General
Cooling Central Air
Roof Composition
Zoning OTHER
Construction Materials Brick
Year Built 1950
Electric Service - 101 to 200 Amps
Stories Count 2
Township Thornton
Property Subtype Mixed Use
Tax Year 2023
Gross Income 0
County Cook
Operating Expense 0
Insurance Expense 0
Property Type Commercial Sale Mixed Use
Possible Use Commercial Office Special Use
Status Active
Directions 147th Avenue to Myrtle to the corner building
City Harvey
Number Of Units Total 20
MLS Area Harvey
Lot Size Square Feet 9375
Tax Annual Amount 0
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Standard Status Active
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Exterior
Foundation Details Concrete Perimeter
Building Area Total 20000
Lot Dimensions 75 x 125
Frontage Type City Street
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* Excluded Features
List By
Harthside Realtors, Inc.

Broker

lenfeil@yahoo.com

Email

Affordability Calculator

$2,184
Per Month
100%
0%
0%
Monthly Principal & Interest
$2,184
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/14/2025$350,000 Listed Price

Map


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14701 Myrtle Avenue, Harvey, IL, 60426 is a Commercial Property for sale at $350,000 with 20,000 sqft and a lot size of 0.21522. 14701 Myrtle Avenue was built in 1950. The property's zip code is 60426 which is in Harvey, IL