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Updated Ranch Duplex
For Sale
$438,500

527-531 Prairie Street, Hinckley, IL 60520

Residential Income, Hinckley, IL

Property SizeContact for details
Lot Size0.35 Acres
Days on Market48

Property Features for 527-531 Prairie Street

General Information

Property type Residential Multi Family
Property subtype Single Family Residence
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Basement, Bathroom 1, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2
Parking 2
Parking features Garage
Patio and Porch features Patio
Basement Full, Crawl Space
Elementary school Hinckley Big Rock Elementary Sch
Middle school Hinckley-Big Rock Middle School
High school Hinckley-Big Rock High School
Elementary school district 429
Middle school district 429
High school district 429
Directions Rees Street ( By High School) North to Prairie turn left to property
Subdivision Hinckley
Standard status Active
APN 1514177012
Lot size 0.35 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 8288

Utilities

Sewer type Public Sewer
Heating system Natural Gas
Water source Public

Amenities

in-unit laundry hook-ups
ceiling fans
shared shed
gorgeous yard
concrete patio

Building Details

Year built 1975
Building materials Brick, Cedar
Roof type Asphalt
Architectural style Ranch
Listing Agency: Legacy Properties
Listed By: Tracy Behrens
Added: Sep 12 Changed: Oct 23 Last Checked: Oct 29 at 6:06AM
MLS# 12758083

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.

Rey
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Investment Insights

Based on property information with market context.

This ranch-style duplex contains two 1,081-square-foot residences, each arranged with two bedrooms, one full bathroom, a living room, kitchen and dining area, closet storage, laundry hookups, and ceiling fans. Both units include a one-car attached garage with an opener, while the property also provides a shared shed, concrete patio, and yard. Stainless steel appliances are included in both kitchens, with each residence featuring separate utilities paid by its tenant.

Unit 527 has new vinyl plank flooring, fresh paint, an updated bathroom, and refreshed kitchen cabinetry, countertops, and stainless steel appliances. Unit 531 includes newer cabinets, fresh paint, vinyl plank flooring, and stainless steel appliances. Major improvements include a new roof installed in 2022 and two new A/C units and furnaces added in 2024. The 0.35-acre property carries two tax bills and offers the option to occupy one residence while renting the other or lease both units.

Key Highlights

  • Two 1,081 sq. ft. units, each with 2 bedrooms and 1 full bath
  • 0.35‑acre combined property with two tax bills and 100x150 combined lot size
  • One‑car attached garage with opener for each unit

Property Analytics

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Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

160
Businesses Nearby

Demographics for 60520, IL

2,773
Population
1,212
Households
2.3
Avg Household Size
41
Median Age
30%
College-Educated
97%
High-School Grad
45.0 sq mi
ZIP Area
62
Density / Sq Mi
$83,380
Median Household Income
$47,622
Median Earnings
$1,333
Median Rent
$292,600
Median Home Value
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Two separately metered residences offer attached garages, laundry hookups, and shared outdoor space in a flexible income property.
Where is this duplex located?
The property is located at 527-531 Prairie Street Hinckley, IL.
What is the asking price?
The asking price for this property is $438,500.
What are key features of this property?
This property features: Two 1,081 sq. ft. units, each with 2 bedrooms and 1 full bath; 0.35‑acre combined property with two tax bills and 100x150 combined lot size; One‑car attached garage with opener for each unit
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