NOT LISTED FOR SALE

1161 W Merchant St Kankakee, IL 60901

23 Beds
12 Baths
-- Sq Ft
4,792 Sq Ft

Last Sold December 26, 2019

Last sale price $425,000

97 Days on Market

About This Home

As of December 2019

Investment opportunity! New price!!! Twelve unit, 2-story brick apartment building. Eleven- 2 bedroom units (around 864 sq ft each). One- 1 bedroom unit. New roof, gutters and washer in 2007/2008. 2 new dryers 3/18. Tenants pay $1.50 per use. New windows installed September 2011. 2 new water heaters, carpet in hallways & new buzzer system installed 2018. Well maintained building!

Last Agent to Sell the Property

Angie Griffith

McColly Rosenboom - B License #475123459 Listed on: 11/29/2018

Last Buyer's Agent

Mark Deubel

Century 21 Circle License #475135196

Century 21 Circle

Property Details

Home Type

  • Multi-Family

Year Built

  • 1967

Lot Details

  • 4,792

Home Design

  • Brick Exterior Construction

Utilities

  • Central Air

Community Details

  • Insurance Expense $1,471

Listing and Financial Details

  • Tenant pays for electric

Property Details

Home Type

Multi-Family

Year Built

1967

Lot Details

4,792 Sq Ft Lot

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Zoning Type: MULTI
  • Estimated Age: Older
  • Net Operating Income Year: 2017
  • Outdoor Parking: 6-12 Spaces
  • Repairs Decor Expense: 5532
  • Total Annual Income: 84900
  • Total Monthly Income: 7075
  • Number of Ranges: 12
  • Number Of Refrigs: 12
  • Number Of Stories: 2
  • Estimated Year Built: 1967
  • Type Multi Family: Corridor-Interior Entrance
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1967

Exterior Features

  • Exterior Building Type: Brick
  • Acreage: 0.11
  • Construction: Brick

Garage/Parking

  • Number Of Parking Spaces: 12

Utilities

  • Air Conditioner: Central Air
  • Heatventilation: Forced Air, Gas

Condo/Co-op/Association

  • Units in Building: 12

Fee Information

  • Janitor Expense: 375

Lot Info

  • Lot Dimensions: 50X150
  • Parcel Identification Number: 16093140702000

Rental Info

  • Gross Rental Income: 84900
  • Tenant Pays: Electric

Multi Family

  • Expense Year: 2017
  • Insurance Expense: 1471
  • Number Of Dryers: 2
  • Number Of Washers: 2

Tax Info

  • Taxes: 17283
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/26/2019 12/26/19 Sold $425,000 -12.4% --
03/06/2019 03/06/19 Pending -- -- --
11/29/2018 11/29/18 For Sale $485,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $14,187 $120,000 $3,756 $116,244
2023 $15,344 $120,000 $3,756 $116,244
2022 $16,307 $120,000 $3,756 $116,244
2021 $17,007 $120,000 $3,756 $116,244
2020 $17,552 $120,000 $3,756 $116,244
2019 $14,514 $96,856 $3,756 $93,100
2018 $15,093 $96,856 $3,756 $93,100
2017 $17,284 $96,856 $3,756 $93,100
2016 $16,522 $96,856 $3,756 $93,100
2015 $17,378 $107,617 $3,756 $103,861
2014 $16,742 $107,617 $3,756 $103,861
2013 -- $107,617 $3,756 $103,861
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10147640

Midwest Real Estate Data (MRED)
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