$265,000
SOLD JUL 29, 2025

1184 E Merchant St Kankakee, IL 60901

8 Beds
4 Baths
-- Sq Ft
1960 Built

Recently Sold

6% Above List Price

7 Days on Market

About This Home

As of July 2025

Fully Renovated Multi-Unit Property - Turnkey & Income-Producing! Welcome to 1184 E Merchant, where all units have been extensively updated and are move-in ready. Upgrades include a new roof, new siding, updated insulation, and mostly new electrical and plumbing systems. Enjoy brand new porches, exterior doors, luxury brand LVP flooring, plush carpet, fresh interior paint, and all-new light and plumbing fixtures. Bathrooms feature tile tub surrounds and new vanities, while kitchens have updated cabinets and new countertops. Each unit includes a serviced forced-air furnace, with one unit featuring electric baseboard heat. A partial sewer main replacement and added cleanout provide peace of mind for future maintenance. Most appliances have been updated as well. Ideally located just 1/8 mile from interstate access and close to schools, parks, grocery stores, gas stations, and public transportation. A great opportunity to own a fully updated, cash-flowing property in a convenient location!

Last Agent to Sell the Property

Stephen Styck

Styken Real Estate and Property Management License #471021538 Listed on: 06/11/2025

Last Buyer's Agent

Matoya Tolliver-Brown

Pay It Forward Realty LLC License #471022598

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,468

Year Built

  • Built in 1960 | Remodeled in 2024

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 4 Bathrooms

Additional Features

  • Lot Dimensions are 50x150
  • Heating Available

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,468

Year Built

Built in 1960 | Remodeled in 2024

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1960
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2024
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2024

Interior Features

  • Basement: Crawl Space
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Construction Materials: Frame
  • Waterfront: No

Utilities

  • Sewer: Public Sewer
  • Heating: Electric
  • Water Source: Public

Lot Info

  • Lot Dimensions: 50X150
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 21
  • TenantPays: Electric,Gas

Tax Info

  • Tax Annual Amount: 5468
  • Tax Year: 2023

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: Other

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2025
Closed on
Jul 11, 2025
Sold by
Cedar Grove Property Investment Holdings
Bought by
Buffalowe Incorporated
Seller's Agent
Stephen Styck
Styken Real Estate and Property Management
Buyer's Agent
Matoya Tolliver-Brown
Pay It Forward Realty LLC
List Price
$250,000
Sold Price
$265,000
Premium/Discount to List
$15,000
6%
Views
45
Current Estimated Value
$220,645

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$44,355
Avg. Annual Appreciation
-32.58%
Original Mortgage
$225,250
Outstanding Balance
$224,463
Interest Rate
6.72%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$790

Purchase Details

Closed on
Apr 14, 2024
Sold by
Clear Capital Kankakee Llc
Bought by
Cedar Grove Property Investment Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,770,000
Interest Rate
6.79%
Mortgage Type
Construction

Purchase Details

Closed on
May 26, 2023
Sold by
Leone Jeffrey
Bought by
Clear Capital Kankakee Llc

Purchase Details

Listed on
Dec 12, 2018
Closed on
Mar 27, 2019
Sold by
Kankakee Revitalization Group Llc
Bought by
Caparra Llc Trusted Series
Seller's Agent
Buck Tamblyn
McColly Bennett Real Estate
Buyer's Agent
Buck Tamblyn
McColly Bennett Real Estate
List Price
$60,000
Sold Price
$42,000
Premium/Discount to List
-$18,000
-30%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.93%
Original Mortgage
$33,600
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 12, 2018
Closed on
Mar 21, 2019
Sold by
Kankakee Revitalization Group Llc
Bought by
Caparra Llc Truste
Seller's Agent
Buck Tamblyn
McColly Bennett Real Estate
Buyer's Agent
Buck Tamblyn
McColly Bennett Real Estate
List Price
$60,000
Sold Price
$42,000
Premium/Discount to List
-$18,000
-30%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$33,600
Interest Rate
4.3%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $265,000 Old Republic Title
Warranty Deed $1,300,000 Kankakee Title
Warranty Deed $1,480,000 Fidelity National Title
Warranty Deed $42,000 Fidelity National Title
Warranty Deed $42,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $225,250 Credit Line Revolving
Previous Owner $1,770,000 Construction
Previous Owner $33,600 New Conventional
Previous Owner $33,600 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/29/2025 07/29/25 Sold $265,000 +6.0% --
06/18/2025 06/18/25 Pending -- -- --
06/11/2025 06/11/25 For Sale $250,000 +495.2% --
03/21/2019 03/21/19 Sold $42,000 -30.0% -- View Prior Sale
01/18/2019 01/18/19 Pending -- -- --
01/18/2019 01/18/19 For Sale $60,000 +42.9% --
01/02/2019 01/02/19 Off Market $42,000 -- --
12/12/2018 12/12/18 For Sale $60,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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 $5,761 $48,004 $4,076 $43,928
2023 $5,550 $42,765 $3,631 $39,134
2022 $4,323 $31,816 $2,701 $29,115
2021 $4,801 $33,874 $2,876 $30,998
2020 $4,453 $30,448 $2,585 $27,863
2019 $2,356 $15,720 $2,405 $13,315
2018 $4,087 $26,226 $2,227 $23,999
2017 $4,577 $25,649 $2,178 $23,471
2016 $4,290 $25,146 $2,135 $23,011
2015 $4,144 $25,660 $2,179 $23,481
2014 $3,992 $25,660 $2,179 $23,481
2013 -- $26,729 $2,270 $24,459
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12379726

Midwest Real Estate Data (MRED)

APN: 16-17-05-208-012