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    The Largest CRE Database in the US with Over 1 Million Listings

    527-531 Prairie St Hinckley, IL 60520

    Sponsored
    For Sale
    Under Contract
    $425,000

    MULTI_FAMILY - Ranch - Hinckley, IL

    Type:Single Family Residence
    Lot size:
    0.35 Acres
    Days on Market:
    31
    Last Refresh:
    Feb 4 at 3:06 pm

    Property Features for 527-531 Prairie St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Standard status
    Active Under Contract
    Rooms
    Bedroom 1, Bedroom 4, Bedroom 2, Bedroom 3, Bathroom 2, Basement, Bathroom 1
    Bedrooms
    4
    Bathrooms
    2
    APN
    1514177012
    Parking
    2
    Parking features
    Garage
    Patio and Porch features
    Patio
    Basement
    Crawl Space, Full
    Lot size
    0.35 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Water source
    Public

    Building Details

    Year built
    1975
    Building materials
    Brick, Cedar
    Roof type
    Asphalt
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Tracy Behrens
    Tracy Behrens

    LEGACY PROPERTIES, A SARAH LEONARD COMPANY (224) 999-9100

    Listing agent Tracy Behrens (630) 212-1610

    Listing date Jan 5, 2026

    MLS# 12495105 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

    Hinckley Duplex: Investment Opportunity

    This fully rented duplex, located in Hinckley, presents a variety of options. Situated on a 100x150 lot, the property consists of two separate tax bills, each with a lot size of 50x150, and tenants are responsible for their own utilities. Each unit provides 1081 square feet of living space and includes a large living room, two bedrooms, one full bathroom, a kitchen and dining area, laundry hook-ups, and a concrete patio. Additional features include ample closet space, kitchen appliances, ceiling fans, and a one-car attached garage for each unit. A shed is also located on the property. Unit 531 has been fully remodeled with new floors, kitchen, and bath, while Unit 527 is clean but dated. A new roof was installed in 2022, and two new A/C and furnaces were installed in 2024. The property offers multiple possibilities: rent both sides, live in one unit and rent the other, or live in one unit and sell the other. The property is located at 527-531 Prairie Street, Hinckley, IL 60520 and sits on a 0.35-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hinckley
    County
    DeKalb
    State
    Illinois
    Longitude
    -88.63389
    Latitude
    41.773377

    Nearby Similar for Sale

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      View Details
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      0.07 Acres

      Mixed-Use Building in Downtown Hinckley

      Two-story brick building with retail/office space and remodeled residential units.
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      Versatile Mixed-Use Building on Route 30

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    FAQs

    What type of property is this?
    Duplex - Fully rented duplex with separate utilities and recent updates.
    Where is this duplex located?
    The property is located at 527-531 Prairie St Hinckley, IL.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: - Fully rented duplex with separate utilities paid by tenants, providing immediate rental income.; - Unit 531 is fully remodeled with **new floors, kitchen, and bath.**; - **New Roof (2022), and 2 New A/C & Furnaces (2024).**
    (630) 212-1610
    Request Owner's contact information
    527-531 Prairie St Hinckley, IL 60520
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    Hinckley, IL 60520
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    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
    527-531 Prairie St Hinckley, IL 60520
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    We can help!
    Listing Contact
    Tracy Behrens
    Tracy Behrens
    Real Estate License ID: 475142726
    (630) 212-1610
    Learn more
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