Tim Smith
Smith's Real Estate Services,
(779) 273-4260
405 Total Sales
6 in Kankakee
$46K - $127K Price Range
156 S May Ave Kankakee, IL 60901
Kankakee AreaEstimated Value: $195,332
4
Beds
4
Baths
--
Sq Ft
7,405
Sq Ft Lot
About This Home
As of September 2023Great investment and money making opportunity! Well maintained brick 3- building. 2 - 2 Bdrm units and an efficiency/studio unit in the basement! All have current leases. $2280 gross income per month! Rents could be raised to match market price too. Ownership pays some utilities. One thermostat on main floor controls heat for the entire building and is the only unit with access to the washer/dryer. 2 car heated detached garage. Lower unit rents for $450, middle unit rents for $900, Upper rents for $730, garage rents for $200. All rents current. ALL BUYERS REQUIRED TO SHOW PROOF OF FUNDS OR PREAPPROVAL PRIOR TO ENTERING PER SELLER.
Last Agent to Sell the Property
Coldwell Banker Realty License #475136373 Listed on: 07/28/2023
Co-Listed By
Alyssa LaMontagne
Coldwell Banker Realty License #475196338
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,838
Year Built
- Built in 1950
Lot Details
- 7,405 Sq Ft Lot
- Lot Dimensions are 149.9x50
Parking
- 2.5 Car Detached Garage
- Heated Garage
- Parking Space is Owned
Interior Spaces
- 2-Story Property
- Partially Finished Basement
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
- 4 Bathrooms
Schools
- John Kennedy Middle Grade Elementary School
- Lincoln Cltrl Ctr-Montessori Ele Middle School
- Kankakee High School
Utilities
- Heating System Uses Natural Gas
Community Details
Overview
- 3 Units
Building Details
- Gross Income $24,120
- Net Operating Income $13,733
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
Jul 28, 2023
Closed on
Sep 22, 2023
Sold by
Bought by
Seller's Agent
Lee LaMontagne
Coldwell Banker Realty
Buyer's Agent
Lee LaMontagne
Coldwell Banker Realty
List Price
$189,900
Sold Price
$168,000
Premium/Discount to List
-$21,900
-11.53%
Views
150
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,332
Avg. Annual Appreciation
5.35%
Purchase Details
Closed on
Sep 7, 2022
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
4.58%
Mortgage Type
New Conventional
Purchase Details
Listed on
Feb 12, 2021
Closed on
Apr 6, 2021
Sold by
Bought by
Seller's Agent
Kelly Winterroth
Village Realty Inc
Buyer's Agent
Paul Kirkpatrick
Exclusive Realtors
List Price
$120,000
Sold Price
$110,000
Premium/Discount to List
-$10,000
-8.33%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.26%
Original Mortgage
$110,000
Interest Rate
3%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 18, 2019
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,500
Interest Rate
3.4%
Mortgage Type
New Conventional
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Kankakee, IL
-
Tim Smith
-
Jose Cortez
Jose Cortez
Responds QuicklyGolden Enterprise Realty Inc
(866) 598-2035
88 Total Sales
1 in Kankakee
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-
Sandy Ortiz-Ramirez
Sandy Ortiz-Ramirez
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1 in Kankakee
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-
Norman Gaskin
Norman Gaskin
Berkshire Hathaway HomeServices Speckman Realty
(815) 421-1413
194 Total Sales
83 in Kankakee
$7K - $311K Price Range
-
Katie Turrisi
Katie Turrisi
@properties Christie's International Real Estate
(877) 452-4507
42 Total Sales
2 in Kankakee
$120K - $585K Price Range
-
Kayla Easley
Kayla Easley
Responds QuicklyeXp Realty - Chicago North Ave
(331) 215-9689
87 Total Sales
1 in Kankakee
$183,752 Price
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 |
|---|---|---|---|
| $163,000 | Kankakee County Title | ||
| $145,000 | Kankakee County Title | ||
| $110,000 | Homestar Title | ||
| $74,000 | New Title Company Name |
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 |
|---|---|---|---|
| Previous Owner | $140,000 | ||
| Previous Owner | $110,000 | ||
| Previous Owner | $55,500 |
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 |
|---|---|---|---|---|---|
| 09/28/2023 09/28/23 | Sold | $168,000 | -6.6% | -- | |
| 08/24/2023 08/24/23 | Pending | -- | -- | -- | |
| 08/07/2023 08/07/23 | Price Changed | $179,900 | -5.3% | -- | |
| 07/28/2023 07/28/23 | For Sale | $189,900 | +72.6% | -- | |
| 04/05/2021 04/05/21 | Sold | $110,000 | -8.3% | -- | View Prior Sale |
| 03/06/2021 03/06/21 | Pending | -- | -- | -- | |
| 02/12/2021 02/12/21 | For Sale | $120,000 | -- | -- |
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 | $6,926 | $62,538 | $6,395 | $56,143 |
| 2024 | $6,514 | $55,099 | $5,634 | $49,465 |
| 2023 | $6,276 | $49,086 | $5,019 | $44,067 |
| 2022 | $5,838 | $42,964 | $4,393 | $38,571 |
| 2021 | $5,510 | $38,882 | $3,976 | $34,906 |
| 2020 | $5,112 | $34,950 | $3,574 | $31,376 |
| 2019 | $4,872 | $32,512 | $3,325 | $29,187 |
| 2018 | $4,691 | $30,104 | $3,079 | $27,025 |
| 2017 | $5,254 | $29,441 | $3,011 | $26,430 |
| 2016 | $4,924 | $28,864 | $2,952 | $25,912 |
| 2015 | $4,756 | $29,453 | $3,012 | $26,441 |
| 2014 | $5,391 | $34,650 | $3,012 | $31,638 |
| 2013 | -- | $36,094 | $3,138 | $32,956 |
Source: Public Records
Agents Affiliated with this Home
-
Lee LaMontagne
Seller's Agent in 2023
Lee LaMontagne
Coldwell Banker Realty
(815) 592-5441
175 Total Sales
-
A
Seller Co-Listing Agent in 2023
Alyssa LaMontagne
Coldwell Banker Realty
-
Kelly Winterroth
Seller's Agent in 2021
Kelly Winterroth
Village Realty Inc
(815) 549-0848
452 Total Sales
-
P
Buyer's Agent in 2021
Paul Kirkpatrick
Exclusive Realtors
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11844900
APN: 16-09-31-405-005
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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