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Harvey, IL

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Harvey, IL

$55,000 · HARVEY, IL 60426
Works for flippers · Works for landlords

Available

$55,000Asking price

3 bd · 1 ba · 1,290 sq ft · built 1954

HARVEY, IL 60426

No contract on file

via InvestorLift Classic

1 view · listed Oct 26

Works for flippers

Works for landlords

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $155,000
Asking price: −$55,000
RepairsMiddle of the seller’s $35,000 – $45,000. Ours: $19,500 – $41,000: −$40,000
Loan, holding, closing20% down, 12% interest, 2 points, 76 days: −$8,279
Profit33.4% of ARV · flippers want 10%+: $51,721
Works

Works for a flipper up to $88,000.

SHERMAN PROPERTY EXPERTS

Tristin McCarthy

No reviews yet

Comps

Sales

Rents

ARV $155,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $78,000.

The sales behind this value are shown to members.

ARV $155,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

SHERMAN PROPERTY EXPERTS

Tristin McCarthy

No reviews yet

Seller Description

3/1 slab-foundation ranch in Harvey with newer mechanicals and a cosmetic-only punch list. At $60K against a $155K ARV, you're stepping into a $105K spread before you lift a hammer. Vacant, all utilities on, ready for immediate walkthrough and a fast close. This is a clean fix-and-flip or a rental-grade hold with most of the big-ticket money already spent.

DEAL SNAPSHOT

Type: SFR / 3 bed, 1 bath

Year Built: 1954

Buy-Now Price: $60,000

Bidding Opens: $60,000

ARV: $155,000

Spread: $95,000 (57% below ARV)

On-Site Rep Estimate: $35,000–$45,000

Occupancy: Vacant

Minimum EMD: $5,000

Must Close By: 11/20/2026

INVESTMENT HIGHLIGHTS

- $105K spread at the buy-now number — margin to flip or refi and hold

- Furnace 0–5 yrs, water heater 0–5 yrs — major mechanicals already handled

- Central AC, 100A breaker panel, copper plumbing, updated vinyl windows

- Slab foundation in good condition — no structural issues

- Vacant

- Great Ranch Build style, Ready for a Refresh

REHAB / CONDITION

Light rehab, cosmetic-driven. Firsthand walkthrough confirms a solid shell: asphalt shingle roof (fair), vinyl siding (fair), updated vinyl windows. Big-ticket items are kitchen (10–20 yr, fair), bath (fair), flooring (carpet/tile/LVP, fair), interior paint, and siding touch-up. Central AC present — operation unverified, budget to confirm. This is a bring-it-current play, not a gut.

WHY THIS DEAL STANDS OUT

The money that usually kills Harvey deals — roof, furnace, water heater, foundation — is already behind you. You're buying cosmetics and finishes into a $155K ARV. Flip it or finish it rental-grade and refinance; either exit works at this basis. Vacant and clean-access means no delays getting started.

DISPO NOTES / TERMS

- Occupancy: Vacant, utilities on, immediate access

- EMD: $5,000 minimum, non-refundable

- Bidding opens at $60,000 — serious cash buyers set the top

- Close by 11/20/2026 — cash or hard money, clean and quick

Serious buyers only — call or message Tristin McCarthy to lock your walkthrough before the bidding heats up.