14701 Myrtle Avenue
Harvey, IL, 60426 $ 350,000
Bedrooms-- Baths-- Sq 20,000 Monthly Estimate*
$ 2,184
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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FeaturesGeneralCooling 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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ExteriorFoundation Details Concrete Perimeter
Building Area Total 20000
Lot Dimensions 75 x 125
Frontage Type City Street
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* Excluded FeaturesList ByHarthside Realtors, Inc.Broker
Affordability Calculator
- 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.
Learn more about how to save NearbyCommerical listings in Harvey, IL
Average List Price $414,433
Percent of Sale Price 18%
About Harvey, IL 21,924 Population
-26% Since 2002
$ 22,186 Median Income
32.99 Median Age
34% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 11/14/2025 | $350,000 | | Listed Price |