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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.
| DAYS ON MARKET | 12 | LAST UPDATED | 6/5/2026 |
|---|---|---|---|
| YEAR BUILT | 1959 | COMMUNITY | Harvey |
| GARAGE SPACES | 2.0 | COUNTY | Cook |
| STATUS | Active | PROPERTY TYPE(S) | Single Family |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Harvey |
| BASEMENT | Finished, Full, Walk-Out Access, Yes |
| CONSTRUCTION | Brick |
| FIREPLACE | Yes |
| GARAGE | Yes |
| HEAT | Forced Air, Natural Gas |
| INTERIOR | In-Law Floorplan |
| LOT | 0 |
| LOT DIMENSIONS | 145 X 37.50 |
| PARKING | Detached, Garage |
| SEWER | Public Sewer |
| STYLE | Step Ranch |
| TAXES | 1614.34 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with EXIT Strategy Realty
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Copyright 2026 MRED. All rights reserved.
The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2026 MRED. All rights reserved.
This IDX solution is (c) Diverse Solutions 2026.