NOT LISTED FOR SALE

1475 S Kensington Ave Kankakee, IL 60901

Estimated Value: $66,000 - $189,000

4 Beds
3 Baths
-- Sq Ft
5,968 Sq Ft Lot

Last Sold July 21, 2022

Last sale price $154,500

Est. 15% decrease in value since last sale

Current estimated payment $963/month

3 Days on Market

About This Home

As of July 2022

Cash-flowing 3 unit property. 2 two bedrooms and 1 one bedroom. All rents are below market and tenants are on month to month leases which will allow for immediate rent increases. Property has been well maintained. Tenant pays electric and sewer. Seller pays garbage and sewer. Two of the units have washer and dryers. Each tenant has a separate storage area on the main floor of the rear building. All units are occupied and paying. 48 notice needed for showings This property can be bought as a package with the following mls numbers 11427039 11427033

Last Agent to Sell the Property

Dustin Kooy

Village Realty Inc License #475191164 Listed on: 06/07/2022

Village Realty Inc

Last Buyer's Agent

Paul Kirkpatrick

Exclusive Realtors License #475.183817

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,885

Lot Details

  • 5,968

Home Design

  • Vinyl Siding

Interior Spaces

  • 3-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 3 Bathrooms

Additional Features

  • Lot Dimensions are 50x120x50x132
  • Heating System Uses Natural Gas

Community Details

Overview

  • 3 Units

Building Details

  • Insurance Expense $1,385
  • Trash Expense $960
  • Water Sewer Expense $2,164
  • Gross Income $22,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,885

Lot Details

5,968 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Age: Unknown
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Number of Cars: 0
  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Public

Fee Information

  • Trash Expense: 960
  • Water Sewer Expenses: 2164
  • Trash Expense Year: 2021

Lot Info

  • Lot Dimensions: 50X120X50X132
  • Lot Size: Less Than .25 Acre
  • Special Assessments: U

Rental Info

  • Board Number: 21

Multi Family

  • Insurance Expense: 1385
  • GrossIncome: 22200
  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 3 Story Unit/s

Tax Info

  • Tax Annual Amount: 2884.78
  • Tax Year: 2021
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2022
Closed on
Jul 20, 2022
Sold by
Trust Number 2257
Bought by
Fivot Llc
Seller's Agent
Dustin Kooy
Village Realty Inc
Buyer's Agent
Paul Kirkpatrick
Exclusive Realtors
List Price
$150,000
Sold Price
$154,500
Premium/Discount to List
$4,500
3%
Current Estimated Value
$131,743

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$22,757
Avg. Annual Appreciation
-4.37%
Original Mortgage
$123,600
Outstanding Balance
$117,733
Interest Rate
5.23%
Mortgage Type
New Conventional
Estimated Equity
$14,010
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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 Buyer Sale Price Title Company
Fivot Llc $154,500 Kankakee County Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fivot Llc $123,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/21/2022 07/21/22 Sold $154,500 +3.0% --
06/11/2022 06/11/22 Pending -- -- --
06/07/2022 06/07/22 For Sale $150,000 -- --
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 $3,409 $28,801 $2,746 $26,055
2023 $3,285 $25,658 $2,446 $23,212
2022 $3,056 $22,458 $2,141 $20,317
2021 $2,885 $20,324 $1,938 $18,386
2020 $2,677 $18,269 $1,742 $16,527
2019 $2,551 $16,994 $1,620 $15,374
2018 $2,457 $15,735 $1,500 $14,235
2017 $2,751 $15,389 $1,467 $13,922
2016 $2,578 $15,087 $1,438 $13,649
2015 $2,491 $15,395 $1,467 $13,928
2014 $2,666 $17,106 $1,467 $15,639
2013 -- $17,819 $1,528 $16,291
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11427042

Midwest Real Estate Data (MRED)

APN: 16-17-07-211-015

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