14427 Halsted St · Harvey, IL 60426

$70,000

3 bd · 1.0 ba · 1,488 sqft · SingleFamily public records · 223 Days on market

Built 1926 9,240 sqft lot Est $121k · 42% under

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Why this score? — see what drove the A- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.7/10.0

Listing remarks

Unlock Cash Flow and Appreciation in a Revitalizing Suburb Step into the booming Harvey real estate market with this undervalued gem - a spacious 1,488 sq ft single-family home built in 1926, featuring 3 bedrooms, 1 full bath, and a massive 9,252 sq ft lot perfect for expansions or outdoor appeal. Priced aggressively at $70,000, this property screams "fix-and-flip" or "buy-and-hold" potential in a neighborhood poised for growth. Early investors like you can ride the wave of Harvey's affordable revitalization efforts.

Key facts

• Massive lot
• Outdoor appeal
• 9,240 sq ft lot

Tags

• MASSIVE LOT
• OUTDOOR APPEAL

Property features AI

Finance

• Other: Living area reported from assessor
• HOA & community: No master association fee required

Exterior

• Utilities: Public water; Public sewer
• Home design: Detached single-family home; 1.5-story design; Fee simple ownership
• Construction: Vinyl siding; Built approximately 91–100 years ago; Built before 1978
• Exterior features: Lot dimensions approximately 110 x 84; Lot less than 0.25 acre

Interior

• Kitchen: Kitchen on the main level (approx. 13 x 11)
• Bedrooms: 3 bedrooms (all on the main level); Master bedroom on the main level
• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas heating; Cooling: Other
• Interior features: Unfinished full basement; 5 total rooms
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $1k ($14k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $70k).
• Recommended offer: $62k (12.0% below list) — sets the bar for market timing.
• Cap rate 26.3% vs local median 9.3% in Harvey — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 67/100 on livability (#539 in IL) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A-; Watch: health & safety D+, schools F, crime F.
• Thornton Twp Hsd 205 (suburban): math 7% / reading 8% proficiency, ranked #594 of 620 in IL (top 96%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 134 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 6,272 units permitted in Cook County in 2024 (4,658 in 5+ unit buildings).

Forward outlook

• In year one you build about $7k of equity ($484 loan paydown + $7k appreciation (10.0% local appreciation)).
• At projected returns (10.0% appreciation + 3.0% rent growth), your $20k cash investment doubles in ~1 year — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$35k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 223 days — a 12% lower offer ($62k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $17k; list at $70k implies a 314% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1926 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $61,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 223 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1926 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 2.99% ✓
• Cap rate: 26.32%
• Cash-on-cash: 71.53%
• DSCR: 4.18
• GRM: 2.8

CMA / ARV

• ARV (on-the-fly): $120,528
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
111 E 144th Ct	0.44mi	3/1.5	1,491 (+0%)	2mo	$105,000	$70	75
14459 Center Ave	0.27mi	3/1.0	1,400 (-6%)	4mo	$35,000	$25	74
308 W 145th Pl	0.61mi	3/1.5	1,488 (0%)	3mo	$91,000	$61	67
14510 S Union Ave	0.26mi	2/2.0 (-1)	1,422 (-4%)	7mo	$52,000	$37	65
665 W 144th St	0.45mi	3/2.0	1,600 (+8%)	1mo	$218,000	$136	61
340 Streamside Dr	0.20mi	3/1.5	1,270 (-15%)	5mo	$142,000	$112	60
14609 Lexington Ave	0.51mi	3/1.0	1,326 (-11%)	3mo	$45,000	$34	56
14410 S Union Ave	0.38mi	3/2.0	1,294 (-13%)	4mo	$179,000	$138	53
14411 S Parnell Ave	0.48mi	3/2.0	1,656 (+11%)	8mo	$134,400	$81	48
14230 S Union Ave	0.57mi	3/1.0	1,276 (-14%)	7mo	$132,000	$103	44
14600 Princeton Ave	0.62mi	3/2.5	1,700 (+14%)	1mo	$122,850	$72	40
14533 Myrtle Ave	0.60mi	4/2.5 (+1)	1,704 (+14%)	8mo	$150,000	$88	30

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 82.4%
• Equity multiple: 6.74×
• Total profit: $112,566
• Equity at exit: $63,062

10-year hold

• IRR: 76.7%
• Equity multiple: 14.93×
• Total profit: $273,035
• Equity at exit: $135,995

Cash invested: $19,600 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 43 Moderately Tenant-Leaning
• State Illinois: 43 Moderately Tenant-Leaning · D+7
• County: — inherits STATE
• City: — inherits STATE

Chicago RTLO is among the strongest tenant ordinances in the Midwest; downstate is more landlord-friendly.

Methodology + full state rankings →

ZIP-level market 60426

• Home prices YoY: 6.9%
• Active inventory: 134
• Price-to-rent: 2.8×

Monthly cashflow live

• Estimated rent: $2,091 medium
• Mortgage (P&I): −$367
• Tax est. 1.5%: −$88 /mo · $1,050/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$439
• Net cashflow: $1,168

Break-even live

Break-even rent $612

Max offer price $70,000

Occupancy floor 39%

Sensitivity live

Price	-10% $1,217	-5% $1,193	+0% $1,168	+5% $1,144	+10% $1,120
Rent	-10% $1,003	-5% $1,086	+0% $1,168	+5% $1,251	+10% $1,334
Rate	-1.0pp $1,204	-0.5pp $1,186	base $1,168	+0.5pp $1,150	+1.0pp $1,132

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $17,500
• Closing costs: $2,100
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
14844 Wabash Ave Dolton, IL	3.0	1.5	1277	$2,320	$1.82	25d	1	1.04mi
14629 Hoyne Ave Dixmoor, IL	3.0	1.0	920	$1,495	$1.62	25d	1	1.41mi
13708 S Wentworth Ave Riverdale, IL	3.0	1.5	1500	$2,200	$1.47	22d	1	1.48mi

Listing history 20 events

1. 2026-06-18
   days on market $70,000 Active 223 DOM
2. 2026-06-17
   days on market $70,000 Active 222 DOM
3. 2026-06-16
   days on market $70,000 Active 221 DOM
4. 2026-06-15
   days on market $70,000 Active 220 DOM
5. 2026-06-13
   days on market $70,000 Active 218 DOM
6. 2026-06-13
   days on market $70,000 Active 217 DOM
7. 2026-06-09
   days on market $70,000 Active 214 DOM
8. 2026-06-08
   days on market $70,000 Active 213 DOM
9. 2026-06-07
   days on market $70,000 Active 212 DOM
10. 2026-06-04
    days on market $70,000 Active 209 DOM
11. 2026-06-03
    days on market $70,000 Active 208 DOM
12. 2026-06-02
    days on market $70,000 Active 207 DOM
13. 2026-06-01
    days on market $70,000 Active 206 DOM
14. 2026-05-31
    days on market $70,000 Active 205 DOM
15. 2025-11-07
    listed $70,000 Active
16. 1987-01-27
    soldstatus $16,900
17. 1987-01-27
    soldstatus $16,900
18. 1987-01-27
    soldstatus $16,900
19. 1980-04-24
    soldstatus $28,000
20. 1978-07-13
    soldstatus $55,500

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥101°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,095
• − Mortgage interest: −$3,921
• − Property taxes: −$1,050
• − Insurance: −$350
• − Repairs & maintenance: −$2,008
• − Management: −$2,008
• − Depreciation: −$2,036
• Taxable income: $13,722
• Est. tax owed @ 24.0%: −$3,293
• After-tax cash flow: $10,726/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Thornton Twp Hsd 205
• NCES district ID: 1738970
• Math proficiency: 7% ▬ 0.00%
• Reading proficiency: 8% ▼ -2.00%
• Median HH income: $43,392
• Composite: 6.92/100
• National rank: #9976
• State rank: #594 of 620 in IL

Livability — Harvey

• Score: 67/100
• State rank: #539
• US rank: #11162

Category grades

Amenities F Commute A+ Cost of living A+ Crime F Employment F Housing A- Health & safety D+ User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Harvey, IL
• City population: 23,066
• Population (ZIP): 23,066

Population outlook (Cook County) Hauer SSP2

• Today (2025): 5,347,519 people
• By 2030: 5,357,703 · +0.2%
• By 2040: 5,324,924 · -0.4%
• By 2050: 5,230,762 · -2.2%
• By 2075: 4,785,735 · -10.5%
• By 2100: 4,188,836 · -21.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority Black (59%)
• Race & ethnicity: Black 59% Hispanic / Latino 33% Two or more races 12% White 3% Asian 2%
• Hispanic origin (detail): Mexican 31%
• Foreign-born: 17% · Canada
• Languages at home: 67% English-only · Spanish 30% Other Indo-European 2% French/Haitian/Cajun 1%

Political lean MEDSL · Cook

• 2024 margin: Solid D (+42.0) · D 70.4% · R 28.4% · Other 1.2%
• 2008→2024 swing: -11.4pp toward R · 2008: 53.4pp · 2024: 42.0pp
• All cycles: 2024: D+42.0 2020: D+50.3 2016: D+53.0 2012: D+49.4 2008: D+53.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 20.36%
• Current HPI: 313.7895
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 1.59%
• F500 in state: 60

Industry mix (Fortune 500 HQ in IL)

Industry	F500 HQs	Revenue
▸Insurance	4	$201B
▸Consumer Goods	4	$87B
▸Industrial Machinery	3	$64B
▸Healthcare	2	$55B
▸Retail / Pharmacy	1	$148B
▸Agriculture / Food	1	$86B

Price history

+26.1% since first listed

6 events — show timeline

• 2025-11-07 Listed $70,000 MRED as Distributed by MLS Grid
• 1987-01-27 Sold (Public Records) $16,900 Public Records
• 1987-01-27 Sold (Public Records) $16,900 Public Records
• 1987-01-27 Sold (Public Records) $16,900 Public Records
• 1980-04-24 Sold (Public Records) $28,000 Public Records
• 1978-07-13 Sold (Public Records) $55,500 Public Records

Property tax history

+3.7%/yr

Latest (2023): $5,229 · +16.9% YoY. Source: county tax records.