Harvey Illinois Rezoning: 40 Acres for Mixed-Use Development

Harvey village trustees will consider rezoning 40 acres of former rail yards and warehouses along 147th Street from heavy industrial to mixed residential and retail use at their July 28 meeting.

The move arrives as Cook County property records show south suburban home prices climbing for the third straight year while downtown Chicago condo inventory tightens. Developers who bought land in nearby south suburbs last year now watch Harvey for the next wave of spillover buyers priced out of Beverly and Morgan Park.

Local anchors already in place

The proposed rezoning zone sits two blocks from the Harvey Metra station on the Rock Island District line and one mile west of the Tri-State Tollway interchange at 147th Street. The site borders the 1,200-unit Sunnycrest Apartments complex, which the Cook County Housing Authority upgraded in 2024 with new roofs and security lighting. A half-mile east, the former St. Margaret Hospital campus now hosts a 60,000-square-foot medical office building opened by Advocate Aurora Health in March.

County assessor data released in May lists the median single-family home price in Harvey at $178,500, up 14 percent from the same month in 2025. Average rents for two-bedroom units near the Metra station reached $1,425 last quarter, according to listings compiled by the South Suburban Association of Realtors. The village collected $4.2 million in building-permit revenue through June, its highest six-month total since 2019.

Next steps for buyers and owners

Property owners inside the proposed overlay district can submit concept plans to the village planning department until August 15. The Cook County Board of Review will hold its next tax-assessment hearing for Harvey parcels on September 9. Investors tracking the vote can review the full rezoning packet on the village website or attend the July 28 meeting at 7 p.m. in the Harvey Municipal Center at 15320 Broadway Avenue.