NOT LISTED FOR SALE

125 S 3rd Ave Kankakee, IL 60901

Estimated Value: $133,000 - $314,000

8 Beds
6 Baths
-- Sq Ft
7,492 Sq Ft Lot

Last Sold April 05, 2023

Last sale price $240,000

Est. 4% decrease in value since last sale

Current estimated payment $1,576/month

12 Days on Market

About This Home

As of April 2023

Calling All Investors! 6-unit, well maintained property. Cash flow from day 1 with this fully rented property. 4 units are 2 bedroom, 1 bath. 2 units are efficiency, 1 bath. Rent ranges from $475-$795. All rents are currently below market for the area. Owner pays for heat, water, sewer and trash. Make it a package deal with multiple properties! Seller is selling other properties for a total of 16 units. MLS#11703700, MLS#11703703, MLS#11703702: Contact listing agent for showing. Proof of funds or pre-approval required before scheduling showing.

Last Agent to Sell the Property

Dustin Kooy

Village Realty Inc License #475191164 Listed on: 01/16/2023

Village Realty Inc

Last Buyer's Agent

Ricardo Del Toro

Marquette Properties, Inc License #475188009

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,944

Year Built

  • Built in 1960

Lot Details

  • 7,492

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Utilities

  • No Cooling
  • Radiator
  • Heating System Uses Gas

Additional Features

  • 2-Story Property
  • Lot Dimensions are 50x150

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $720
  • Fuel Expense $4,188
  • Insurance Expense $967
  • Trash Expense $540
  • Water Sewer Expense $2,016
  • Operating Expense $12,674
  • Gross Income $44,940
  • Net Operating Income $20,026

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,944

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Other
  • Stories: 2
  • Year Built: 1960
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required
  • Estimated Age: 36-50 Years
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 8
  • Room: 0

Utilities

  • Cooling: None
  • Heat/Ventilation: Gas,Radiators

Fee Information

  • Trash Expense: 540
  • Water Sewer Expenses: 2016

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 50X150
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 21

Multi Family

  • Net Operating Income: 20026
  • Fuel Expense: 4188
  • Insurance Expense: 967
  • ElectricExpense: 720
  • GrossIncome: 44940
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 12674
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 3944.44
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2023
Closed on
Mar 27, 2023
Sold by
Rlk Kankakee Properties Llc
Bought by
Home & Building Development Llc
Seller's Agent
Dustin Kooy
Village Realty Inc
Buyer's Agent
Ricardo Del Toro
Marquette Properties, Inc
List Price
$240,000
Sold Price
$240,000
Views
41
Current Estimated Value
$229,410

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$10,590
Avg. Annual Appreciation
-1.60%
Original Mortgage
$172,500
Outstanding Balance
$167,617
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$61,793
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

Date Buyer Sale Price Title Company
Home & Building Development Llc $240,000 Kankakee County Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Home & Building Development Llc $172,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/05/2023 04/05/23 Sold $240,000 0.0% --
02/01/2023 02/01/23 Pending -- -- --
01/19/2023 01/19/23 For Sale $240,000 -- --
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 $4,663 $39,441 $4,230 $35,211
2023 $4,493 $35,136 $3,768 $31,368
2022 $4,179 $30,754 $3,298 $27,456
2021 $3,944 $27,832 $2,985 $24,847
2020 $3,659 $25,017 $2,683 $22,334
2019 $3,487 $23,272 $2,496 $20,776
2018 $3,358 $21,548 $2,311 $19,237
2017 $3,761 $21,074 $2,260 $18,814
2016 $3,524 $20,661 $2,216 $18,445
2015 $3,404 $21,082 $2,261 $18,821
2014 $3,644 $23,424 $2,261 $21,163
2013 -- $29,088 $2,355 $26,733
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11703706

Midwest Real Estate Data (MRED)

APN: 16-09-32-329-017