$59,999 Price Analysis    ♡   Kankakee, IL 60901 4 bed 4 bath 1,584 SqFt ($37/SqFt) 6,500SqFt lot. Built 1900 Listed 2024-03-29, Taxes $4,134 | Ⓧ USDA Ineligible due to location near Kankakee |
Welcome to 307 and 309 North 5th Avenue n Kankakee
* No Longer For Sale *
Your browser will attempt to redirect you to the city level in a few seconds.
Illinois. This two-unit property presents an opportunity for savvy investors willing to roll up their sleeves and unlock its full potential. With a little rehab and sweat equity, each unit can become a lucrative source of cash flow. Boasting two bedrooms and one and a half bathrooms in each unit, the layout is tailored for rental investment purposes. One unit enjoys exclusive access to the entire basement, adding to its appeal for tenants seeking additional space.
While this property isn't turnkey, its underlying value is undeniable. Priced at $40, 000 per unit, it offers significant upside potential. Comparable units in the area command rents ranging from $900 to $1, 100, indicating promising returns on investment. It's important to note that this is a tax deed sale and as such, the property must remain on the market for seven days before considering any offers. With a strategic approach to repair and maintenance, this property holds the promise of long-term profitability for discerning investors.
Presented by Rory Hertzberg at
Coldwell Banker Realty.
Property MLS #12011465 from MRED
Bedrooms Possible: 4
Basement Features: Full
Basement Description: Unfinished
Full Bathrooms: 2
1/2 Bathrooms: 2
Lot Size Dimensions: 65X100
Lot Size Square Feet: 6500
Calculated Total Monthly Association Fees: 0
Map directions Map directions Map directions Map directionsBedrooms in Unit-2: 2
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 2
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Half Bathrooms in Unit-1: 1
Half Bathrooms in Unit-2: 1
Total Rooms in Unit-1: 5
Total Rooms in Unit-2: 5
Unit-1 Square Feet: 792
Unit-2 Square Feet: 792
Source Listing Status: Closed
County: Kankakee
Directions: I-57 to Rt. 17 (Court St. Exit) go west, through the city, turn N on 5th. Ave. 2nd. hm. on W side af
Tax Year: 2022
Ownership: Fee Simple
Source Property Type: Residential Income
Parcel Number: 16093231101200
Township: Kankakee
Zoning: MULTI
Property Subtype: Two to Four Units
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $26,992 + $3,430 $30,422 | $4,134 |
| 2021 | $24,427 + $3,104 $27,531 | $3,901 |
| 2020 | $21,957 + $2,790 $24,747 | $3,619 |
| 2019 | $20,425 + $2,595 $23,020 | $3,449 |
| 2018 | $18,912 + $2,403 $21,315 | $3,321 |
| 2017 | $18,496 + $2,350 $20,846 | $3,719 |
| 2016 | $18,133 + $2,304 $20,437 | $3,486 |
| 2015 | $18,503 + $2,351 $20,854 | $3,367 |
| 2014 | $19,601 + $2,351 $21,952 | $3,415 |
| 2013 | $20,418 + $2,449 $22,867 | $3,409 |
| 2012 | $21,597 + $2,590 $24,187 | $3,333 |
| 2010 | $24,781 + $2,616 $27,397 | $3,175 |
| 2009 | $24,781 + $2,616 $27,397 | $3,129 |
| 2008 | $24,781 + $2,616 $27,397 | $2,906 |
| 2007 | $24,472 + $2,616 $27,088 | $2,794 |
| 2005 | $19,820 + $2,616 $22,436 | $2,360 |
$55,000
MRED
Price Changed 2024-05-16
$59,999
MRED
Price Changed 2024-04-27
$69,900
MRED
Listed 2024-03-29
$79,900
MRED
Sold 2005-05-11
$84,500
Public Record
Property Age: 124
Water Source: Public
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.