14718 Loomis Ave · Harvey, IL 60426

$40,000

2 bd · 1.0 ba · 1,060 sqft · SingleFamily public records · 17 Days on market

Built 1926

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Why this score? — see what drove the B+ 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.7/10.0

Listing remarks

Investor Special in Harvey! This 3-bedroom, 1-bath single-family home offers approximately 1,060 sq ft of living space and sits on a generously sized lot, presenting a prime opportunity for your next fix-and-flip or long-term rental project. The property features a functional layout with all bedrooms on the main level, a full unfinished basement for added value potential, and on-site parking. Whether you're looking to renovate and resell or build cash flow, this property offers solid bones and a strong upside in a market where comparable homes are seeing significant value after rehab. Conveniently located near schools, transportation, and local amenities, this is a great addition to any inv

Key facts

• On-site parking
• 2 parking spots
• Built 1926

Tags

• FULL UNFINISHED BASEMENT
• ON-SITE PARKING

Property features AI

Finance

• Other: Fee simple ownership
• HOA & community: No master association fees required

Exterior

• Parking: 2 parking spaces
• Utilities: Water: Lake Michigan and public supply; Sewer: Public sewer; Electric: Circuit breakers
• Home design: Detached single-family home; One-story
• Construction: Vinyl siding; Built before 1978 (90+ years old); Not rebuilt or rehabbed
• Exterior features: Lake Michigan and public water access; Public sewer; School bus service and commuter bus access; nearby interstate access

Interior

• Kitchen: Kitchen on main level (approx. 10 x 12)
• Bedrooms: Master bedroom on main level (approx. 10 x 12); Bedroom 2 on main level (approx. 10 x 10); Bedroom 3 on main level (approx. 10 x 10); Additional bedroom listed
• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas heating; Central air conditioning
• Interior features: Unfinished full basement; 5 total rooms
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $40k.

Deal economics

• At list price, monthly cash flow is $901 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $40k).
• Recommended offer: $39k (1.5% below list) — sets the bar for market timing.
• Cap rate 33.3% 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 $4k of equity ($277 loan paydown + $4k appreciation (10.0% local appreciation)).
• At projected returns (10.0% appreciation + 3.0% rent growth), your $11k cash investment doubles in ~1 year — after that, you're playing with house money.
• By year 7, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 17 days — a 2% lower offer ($39k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $2k; list at $40k implies a 2567% 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 $39,400 (1.5% below list)

Questions for the listing agent

1. Built in 1926 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 3.72% ✓
• Cap rate: 33.31%
• Cash-on-cash: 96.48%
• DSCR: 5.29
• GRM: 2.2

CMA / ARV

• ARV (on-the-fly): $106,000
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
70 E 150th St	0.35mi	3/1.0 (+1)	1,066 (+1%)	3mo	$61,500	$58	75
14542 Sangamon St	0.37mi	3/1.0 (+1)	1,088 (+3%)	7mo	$100,000	$92	67
14609 Justine St	0.22mi	3/2.0 (+1)	1,000 (-6%)	6mo	$237,500	$238	67
15032 Marshfield Ave	0.52mi	3/1.0 (+1)	1,081 (+2%)	4mo	$75,000	$69	65
14817 Lexington Ave	0.17mi	3/1.0 (+1)	946 (-11%)	5mo	$110,000	$116	65
240 E 148th St	0.49mi	3/1.5 (+1)	1,080 (+2%)	4mo	$190,000	$176	64
14902 Paulina St	0.44mi	2/1.0	1,200 (+13%)	1mo	$90,000	$75	57
110 W 150th St	0.68mi	3/1.0 (+1)	1,008 (-5%)	0mo	$101,250	$100	55
14455 Des Plaines St	0.73mi	3/1.0 (+1)	1,035 (-2%)	4mo	$155,000	$150	54
14911 Page Ave	0.47mi	3/1.5 (+1)	923 (-13%)	2mo	$110,000	$119	48
15112 Vine Ave	0.52mi	3/1.0 (+1)	912 (-14%)	7mo	$43,000	$47	42
14508 Des Plaines St	0.68mi	3/3.0 (+1)	904 (-15%)	8mo	$59,000	$65	24

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: —
• Equity multiple: 8.07×
• Total profit: $79,162
• Equity at exit: $36,035

10-year hold

• IRR: —
• Equity multiple: 17.79×
• Total profit: $188,061
• Equity at exit: $77,711

Cash invested: $11,200 (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: 2.2×

Monthly cashflow live

• Estimated rent: $1,490 medium
• Mortgage (P&I): −$210
• Tax est. 1.5%: −$50 /mo · $600/yr
• Insurance: −$17
• HOA: −$0
• Vacancy / Maint / Mgmt: −$313
• Net cashflow: $901

Break-even live

Break-even rent $350

Max offer price $40,000

Occupancy floor 35%

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: $10,000
• Closing costs: $1,200
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
14629 Hoyne Ave Dixmoor, IL	3.0	1.0	920	$1,495	$1.62	24d	1	0.88mi
14802 Cooper Ave Harvey, IL	3.0	1.5	1200	$1,700	$1.42	24d	1	0.97mi
455 W 144th St Unit 2W Riverdale, IL	1.0	1.0	750	$1,150	$1.53	4d	1	1.22mi

Listing history 18 events

1. 2026-06-18
   days on market $40,000 Active 17 DOM
2. 2026-06-17
   days on market $40,000 Active 16 DOM
3. 2026-06-16
   days on market $40,000 Active 15 DOM
4. 2026-06-15
   days on market $40,000 Active 14 DOM
5. 2026-06-13
   days on market $40,000 Active 12 DOM
6. 2026-06-13
   days on market $40,000 Active 11 DOM
7. 2026-06-09
   days on market $40,000 Active 8 DOM
8. 2026-06-08
   days on market $40,000 Active 7 DOM
9. 2026-06-07
   days on market $40,000 Active 6 DOM
10. 2026-06-04
    days on market $40,000 Active 3 DOM
11. 2026-06-03
    days on market $40,000 Active 2 DOM
12. 2026-06-02
    days on marketlisting id $40,000 Active 1 DOM
13. 2026-06-01
    days on market $40,000 Active 43 DOM
14. 2026-05-31
    days on market $40,000 Active 42 DOM
15. 2026-04-19
    listed $40,000 Active
16. 2025-08-15
    historical
17. 2025-08-08
    listed Active
18. 1978-03-02
    soldstatus $1,500

ⓘ 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 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥102°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,878
• − Mortgage interest: −$2,241
• − Property taxes: −$600
• − Insurance: −$200
• − Repairs & maintenance: −$1,430
• − Management: −$1,430
• − Depreciation: −$1,164
• Taxable income: $10,813
• Est. tax owed @ 24.0%: −$2,595
• After-tax cash flow: $8,211/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

+2566.7% since first listed

4 events — show timeline

• 2026-04-19 Listed $40,000 MRED as Distributed by MLS Grid
• 2025-08-15 Listing Removed — MRED as Distributed by MLS Grid
• 2025-08-08 Listed — MRED as Distributed by MLS Grid
• 1978-03-02 Sold (Public Records) $1,500 Public Records

Property tax history

+0.4%/yr

Latest (2023): $3,202 · +2.1% YoY. Source: county tax records.