NOT LISTED FOR SALE

1161 W Merchant St Kankakee, IL 60901

Kankakee Area
23 Beds
12 Baths
-- Sq Ft
4,792 Sq Ft Lot

Sale Details

Date Sold: December 26, 2019

Last sale price $425,000 $0 Per Sq Ft

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 29, 2018
Closed on
Dec 19, 2019
Sold by
Bought by
Seller's Agent
Angie Griffith
McColly Rosenboom - B
Buyer's Agent
Mark Deubel
Century 21 Circle
List Price
$485,000
Sold Price
$425,000
Premium/Discount to List
-$60,000
-12.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,750
Interest Rate
0.0525%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 29, 2011
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$425,000 Homestar Title
$50,000 Homestar Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $675,000
Closed $458,500
Closed $318,750
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $14,187 $120,000 $3,756 $116,244
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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