NOT LISTED FOR SALE

1525 E Risser St Kankakee, IL 60901

Kankakee Area
12 Beds
8 Baths
-- Sq Ft
8,601 Sq Ft Lot

Sale Details

Date Sold: October 29, 2024

Last sale price $375,000

70 Days on Market

About This Home

As of October 2024

KANKAKEE - MULTIFAMILY 8 UNIT FOR SALE. Four - 2 bedroom/1 Bathroom units and Four - 1 bedroom/1bathroom units, Building is in good condition, fully occupied and a great income producer! Call today!

Last Agent to Sell the Property

Buck Tamblyn

McColly Bennett Real Estate License #475131086 Listed on: 06/19/2024

McColly Bennett Real Estate

Last Buyer's Agent

Raquel Goggin

Goggin Real Estate LLC License #471020977

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,841

Year Built

  • Built in 1968

Lot Details

  • 8,601 Sq Ft Lot
  • Lot Dimensions are 142x61

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Wood Frame Construction
  • Fiberglass Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Exterior Basement Entry

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Hot Water Heating System

Listing and Financial Details

  • Tenant pays for heat

Community Details

Overview

  • 8 Units

Building Details

  • Operating Expense $24,927
  • Gross Income $85,020
  • Net Operating Income $55,841

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,841

Year Built

Built in 1968

Lot Details

8,601 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Exterior Entrance
  • Stories: 2
  • Year Built: 1968
  • Built Before 1978 (Y/N): Yes
  • Information: None
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 8
  • Total Bedrooms: 12
  • Possible Use: Multi-Family
  • Refrigerators: 8
  • Ranges: 8
  • Room: 0

Exterior Features

  • Construction Materials: Wood Frame
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street
  • Roof: Fiberglass
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: Wall Sleeve
  • Heat/Ventilation: Hot Water

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Owners Association (Y/N): No

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 142X61
  • Lot Size Sq Ft: 8601
  • Zoning: MULTI
  • Land Amenities: Curbs and Gutters,Sidewalks
  • Alternate Phone Number: (815) 549-4301

Rental Info

  • Tenant Pays: Heat
  • Board Number: 21

Multi Family

  • Net Operating Income: 55841
  • GrossIncome: 85020
  • NumberOfUnitsTotal: 8
  • OperatingExpense: 24927
  • Type Multi-Family: Corridor-Exterior Entrance

Tax Info

  • Tax Annual Amount: 5841.44
  • Tax Year: 2023

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
Jun 19, 2024
Closed on
Oct 25, 2024
Sold by
Clear Capital Core 1 Llc
Bought by
Seller's Agent
Buck Tamblyn
McColly Bennett Real Estate
Buyer's Agent
Raquel Goggin
Goggin Real Estate LLC
List Price
$500,000
Sold Price
$375,000
Premium/Discount to List
-$125,000
-25%
Views
21

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Outstanding Balance
$209,937
Interest Rate
6.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 22, 2021
Sold by
Clear Capital Llc
Bought by
Clear Capital Core 1 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,260,000
Interest Rate
2.71%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 8, 2020
Closed on
Apr 9, 2020
Sold by
Kankakee Revitalization Group Llc
Bought by
Clear Capital Llc
Seller's Agent
Buck Tamblyn
McColly Bennett Real Estate
Buyer's Agent
Buck Tamblyn
McColly Bennett Real Estate
List Price
$199,000
Sold Price
$175,000
Premium/Discount to List
-$24,000
-12.06%

Purchase Details

Closed on
Nov 24, 2014
Sold by
Antonio Gallinaro and Antonio Adrienne
Bought by
Kankakee Revitalization Group Llc
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Kankakee, IL

See All Agents

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
$375,000 Kankakee Title
Clear Capital Core 1 Llc -- Rosenberg Lpa
Clear Capital Llc $175,000 Law Offices Of Patrick T Dunn
Kankakee Revitalization Group Llc -- Kankakee Cnty Title & Tr
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 $300,000
Previous Owner Clear Capital Core 1 Llc $1,260,000
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 Prior Sale
10/29/2024 10/29/24 Sold $375,000 -25.0% --
08/29/2024 08/29/24 Pending -- -- --
08/26/2024 08/26/24 For Sale $500,000 0.0% --
08/15/2024 08/15/24 Pending -- -- --
08/05/2024 08/05/24 For Sale $500,000 0.0% --
07/10/2024 07/10/24 Pending -- -- --
06/19/2024 06/19/24 For Sale $500,000 +185.7% --
04/09/2020 04/09/20 Sold $175,000 -12.1% -- View Prior Sale
01/09/2020 01/09/20 Pending -- -- --
01/08/2020 01/08/20 For Sale $199,000 -- --
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 $5,059 $45,684 $3,365 $42,319
2024 $5,401 $45,684 $3,365 $42,319
2023 $5,841 $45,684 $3,365 $42,319
2022 $6,208 $45,684 $3,365 $42,319
2021 $6,474 $45,684 $3,365 $42,319
2020 $6,682 $45,684 $3,365 $42,319
2019 $6,846 $45,684 $3,365 $42,319
2018 $7,119 $45,684 $3,365 $42,319
2017 $8,152 $45,684 $3,365 $42,319
2016 $7,793 $45,684 $3,365 $42,319
2015 $8,197 $50,760 $3,365 $47,395
2014 $7,897 $50,760 $3,365 $47,395
2013 -- $67,200 $3,365 $63,835
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12088617

Midwest Real Estate Data (MRED)
Your Personal Tour Guide

Ask me questions while you tour the home.