Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    14631 Vincennes Rd Harvey, IL 60426

    Sponsored
    For Sale
    Under Contract
    $239,900

    MULTI_FAMILY - Harvey, IL

    Lot size:
    0.25 Acres
    Days on Market:
    11
    Last Refresh:
    Jan 24 at 5:06 pm

    Property Features for 14631 Vincennes Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    MULTI
    Rooms
    Bedroom 1, Bedroom 4, Bedroom 6, Basement, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 5
    Bedrooms
    6
    Bathrooms
    2
    APN
    29082220150000
    Basement
    Full, Unfinished
    Lot size
    0.25 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Water source
    Public

    Building Details

    Year built
    1929
    Building materials
    Vinyl Siding
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Jaime Birks
    Jaime Birks

    eXp Realty, LLC (888) 574-9405

    Listing agent Jaime Birks (708) 259-6242

    Listing date Jan 14, 2026

    MLS# 12363810 Listing URL

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Updated Two-Unit Income Property

    This two-unit property, located in Harvey, IL, presents an investment opportunity. Each of the two units features three bedrooms and one bathroom. The property has been recently updated and offers rental potential. A full basement provides additional storage space or expansion possibilities. The property includes a yard suitable for tenants. The lot size is 0.25 acres. The property is zoned MULTI and is located in Cook County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Harvey
    County
    Cook
    State
    Illinois
    Longitude
    -87.644529
    Latitude
    41.623409

    Nearby Similar for Sale

    • $235,000

      Well-Maintained Brick Investment Property

      Three-unit building with long-term tenants and recent upgrades.
      14616 Loomis Ave, Harvey, IL 60426
      View Details
    • New
      $180,000

      Harvey Income Property With Garage

      Four-unit income property with a two-car garage and side lot.
      15736 Lathrop Ave, Harvey, IL 60426
      View Details
    • $350,000
      0.22 Acres

      Harvey, IL Commercial Opportunity

      20,000 sq ft property with triple-income potential.
      14701 Myrtle Ave, Harvey, IL 60426
      View Details
    • New
      $299,000

      Remodeled Triplex: Turnkey Investment

      Remodeled triplex in prime location, ideal for investors or owner-occupants.
      98 W 154 St, Harvey, IL 60426
      View Details
    • New
      $254,950

      Harvey Multifamily Investment Opportunity

      Four-unit building with potential to convert to six units.
      272 E 148Th St, Harvey, IL 60426
      View Details
    • New
      $74,400
      2,100 SF

      Two-Unit Building in Harvey, IL

      Two-unit building with over 2100 sq ft of living space.
      15342 Loomis Ave, Harvey, IL 60426
      View Details
    • $114,900
      0.07 Acres

      Spacious Harvey Two-Unit Property

      Two-unit property with hardwood floors and separate utilities.
      15616 Loomis Ave, Harvey, IL 60426
      View Details
    • $175,000

      Harvey Brick Two-Unit Building

      Two-unit brick building in Harvey, one 3-bed, one 2-bed.
      14359 Park Ave, Harvey, IL 60426
      View Details
    • $350,000
      Pending

      Turnkey Auto Spa Opportunity

      Well-maintained auto spa with multiple revenue streams for sale.
      15865 Dixie Hwy, Harvey, IL 60426
      View Details
    • $255,000

      Harvey Brick Two-Flat with Income

      Two-unit building with finished basement apartment, convenient location.
      14540 Loomis Ave, Harvey, IL 60426
      View Details
    • $94,999

      Harvey Multifamily Property on Corner Lot

      Two-unit income property on a corner lot with separate entrances.
      15544 Turlington Ave, Harvey, IL 60426
      View Details
    • $45,000
      5,260 SF

      Two-Story Building with Auto Tenant

      Two-story building with tenant, in industrial area, near tracks.
      15412 Park Ave, Harvey, IL
      View Details

    FAQs

    What type of property is this?
    Duplex - Freshly updated two-unit property with rental potential in Harvey, IL.
    Where is this duplex located?
    The property is located at 14631 Vincennes Rd Harvey, IL.
    What is the asking price?
    The asking price for this property is $239,900.
    What are key features of this property?
    This property features: - Two updated 3-bedroom, 1-bath units offer immediate rental income potential.; - Full basement provides extra storage or expansion possibilities.; - Nice-sized yard enhances tenant appeal.
    (708) 259-6242
    Request Owner's contact information
    14631 Vincennes Rd Harvey, IL 60426
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    14631 Vincennes Rd
    Harvey, IL 60426
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    14631 Vincennes Rd Harvey, IL 60426
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jaime Birks
    Jaime Birks
    Real Estate License ID: 471005614
    (708) 259-6242
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.