Seller's Agent in 2025
Dustin Kooy
Village Realty Inc
(815) 954-1346
83 in this area
176 Total Sales
181 S Small Ave Kankakee, IL 60901
--
Bed
--
Bath
5,835
Sq Ft
11,979
Sq Ft
About This Home
As of April 2025Presenting a rare opportunity to own this all-brick, meticulously maintained 6-unit building on the west side of Kankakee. Property Features: Unit Mix: Four spacious 2-bedroom units and two cozy 1-bedroom units Solid Construction: Fully brick exterior built to last Ample Parking: Expansive concrete parking lot provides plenty of space for tenants and guests. Key Updates: A new roof installed in 2018 and upgraded electrical breaker panels in 2023 This turnkey property is a standout in Kankakee's rental market. Whether you're looking to expand your portfolio or secure a steady income stream, this 6-unit gem is ready to perform. Schedule a tour today and see the potential for yourself!
Last Agent to Sell the Property
Village Realty Inc License #475191164 Listed on: 03/04/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,318
Year Built
- Built in 1967
Home Design
- Brick Exterior Construction
Interior Spaces
- 5,835 Sq Ft Home
- 3-Story Property
Additional Features
- Lot Dimensions are 80 ' x 150 '
- Central Heating
Listing and Financial Details
- Tenant pays for electricity
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $430
- Fuel Expense $3,084
- Insurance Expense $3,000
- Trash Expense $1,020
- Water Sewer Expense $2,100
- Operating Expense $11,592
- Gross Income $64,200
- Net Operating Income $41,290
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 4, 2025
Closed on
Apr 29, 2025
Sold by
Morgan Jaclyn M and Morgan Benjamin M
Bought by
181 Small Llc
Seller's Agent
Dustin Kooy
Village Realty Inc
Buyer's Agent
Jessica Czaja
Lori Bonarek Realty
List Price
$390,000
Sold Price
$450,000
Premium/Discount to List
$60,000
15.38%
Views
67
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
$970
Avg. Annual Appreciation
0.27%
Original Mortgage
$337,500
Outstanding Balance
$328,276
Interest Rate
3.98%
Mortgage Type
New Conventional
Estimated Equity
$122,694
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $450,000 | Old Republic Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $337,500 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/30/2025 04/30/25 | Sold | $450,000 | +15.4% | $77 / Sq Ft |
| 03/13/2025 03/13/25 | Pending | -- | -- | -- |
| 03/04/2025 03/04/25 | For Sale | $390,000 | -- | $67 / Sq Ft |
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 | $11,747 | $99,363 | $8,476 | $90,887 |
| 2023 | $11,319 | $88,519 | $7,551 | $80,968 |
| 2022 | $10,528 | $77,478 | $6,609 | $70,869 |
| 2021 | $9,937 | $70,116 | $5,981 | $64,135 |
| 2020 | $9,218 | $63,025 | $5,376 | $57,649 |
| 2019 | $8,786 | $58,628 | $5,001 | $53,627 |
| 2018 | $8,459 | $54,286 | $4,631 | $49,655 |
| 2017 | $9,474 | $53,091 | $4,529 | $48,562 |
| 2016 | $8,879 | $52,050 | $4,440 | $47,610 |
| 2015 | $9,530 | $59,015 | $4,531 | $54,484 |
| 2014 | $10,626 | $68,304 | $4,720 | $63,584 |
| 2013 | -- | $80,750 | $5,419 | $75,331 |
Source: Public Records
Agents Affiliated with this Home
-
Dustin Kooy
-
Jessica Czaja
J
Buyer's Agent in 2025
Jessica Czaja
Lori Bonarek Realty
(815) 210-6199
1 in this area
8 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12303366
APN: 16-09-31-304-008
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Based on information submitted to the MLS GRID. 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.
Based on information submitted to the MLS GRID
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