$93,000
SOLD OCT 7, 2024

184 N Entrance Ave Kankakee, IL 60901

3 Beds
2 Baths
-- Sq Ft
4,748 Sq Ft Lot

Recently Sold

15% Below List Price

68 Days on Market

Highlights

  • Den
  • Enclosed Balcony
  • Forced Air Heating System
  • Workshop
  • Enclosed Patio or Porch
  • Paved or Partially Paved Lot

About This Home

As of October 2024

KANKAKEE - 2 FLAT FOR SALE - Fully leased, excellent income producing property. 1st floor is a 2 bedroom/1 bath unit with access to basement for additional storage. There is an enclosed rear porch off of large eat-in kitchen. 2nd floor apartment is a 1 bedroom/1 bath and has a front balcony and large den off of kitchen. Rear concrete parking pad for two cars Good opportunity for investment or live in one and lease the other! There is a duplex directly across the street also for sale by the same owners (pls #12087845), Buy both properties and get four units! Call today!

Last Agent to Sell the Property

Buck Tamblyn

McColly Bennett Real Estate License #475131086 Listed on: 06/27/2024

McColly Bennett Real Estate

Last Buyer's Agent

David Dominguez

Realty of America, LLC License #471019643

Realty of America, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,812

Year Renovated

  • 2022

Lot Details

  • Lot Dimensions are 25 x 185
  • Paved or Partially Paved Lot
  • Level Lot

Home Design

  • Block Foundation
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • Den
  • Workshop
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Bathrooms

Parking

  • 2 Parking Spaces
  • Uncovered Parking
  • Off Alley Parking
  • Parking Included in Price
  • Unassigned Parking

Outdoor Features

  • Enclosed Balcony
  • Enclosed Patio or Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $1,812
  • Maintenance Expense $1,656
  • Manager Expense $1,179
  • Gross Income $24,900
  • Net Operating Income $12,633

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,812

Year Renovated

2022

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Age: 31-40 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2022
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2022

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Room Type: Den, Enclosed Balcony, Enclosed Porch, Workshop
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0

Exterior Features

  • ExteriorFeatures: Balcony, Porch
  • Foundation Details: Block
  • List Price: 99000
  • Lot Features: Level, Streetlights
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Parking Features: Unassigned, Off Alley
  • ParkingTotal: 2
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Manager Expense: 1179
  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved
  • Conversion YN: Y

Fee Information

  • Other Expenses $: 2384

Schools

  • Middle/Junior School District: 111

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 25 X 185
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 21
  • Is Parking Included in Price: Yes

Multi Family

  • Net Operating Income: 12633
  • Insurance Expense: 1812
  • GrossIncome: 24900
  • Maintenance Expense: 1656
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 1812
  • Tax Year: 2023
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2024
Closed on
Sep 30, 2024
Sold by
Clear Capital Kankakee Llc
Bought by
Jaime Aron
Seller's Agent
Buck Tamblyn
McColly Bennett Real Estate
Buyer's Agent
David Dominguez
Realty of America, LLC
List Price
$110,000
Sold Price
$93,000
Premium/Discount to List
-$17,000
-15.45%
Views
287
Current Estimated Value
$93,993

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$993
Avg. Annual Appreciation
-0.51%
Original Mortgage
$4,650
Outstanding Balance
$3,779
Interest Rate
6.46%
Mortgage Type
New Conventional
Estimated Equity
$88,830

Purchase Details

Closed on
May 26, 2023
Sold by
Leone Jeffrey
Bought by
Clear Capital Kankakee Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$937,500
Interest Rate
6.43%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 2, 2012
Sold by
Arturo Vega
Bought by
Caparra Llc

Purchase Details

Closed on
Feb 18, 2012
Sold by
Artemio Ojeda
Bought by
Caparra Llc
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $93,000 Kankakee Title
Warranty Deed $1,480,000 Fidelity National Title
Quit Claim Deed -- None Listed On Document
Quit Claim Deed -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $4,650 New Conventional
Open $88,350 New Conventional
Previous Owner $937,500 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/07/2024 10/07/24 Sold $93,000 -6.1% --
09/04/2024 09/04/24 Pending -- -- --
08/29/2024 08/29/24 Price Changed $99,000 -10.0% --
06/27/2024 06/27/24 For Sale $110,000 -- --
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 $1,881 $15,907 $1,243 $14,664
2023 $1,812 $14,171 $1,107 $13,064
2022 $1,686 $12,404 $969 $11,435
2021 $1,591 $11,225 $877 $10,348
2020 $1,476 $10,090 $788 $9,302
2019 $1,407 $9,386 $733 $8,653
2018 $1,354 $8,691 $679 $8,012
2017 $1,517 $8,500 $664 $7,836
2016 $1,922 $11,270 $651 $10,619
2015 $1,857 $11,500 $664 $10,836
2014 $2,047 $13,157 $664 $12,493
2013 -- $13,706 $692 $13,014
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12095970

Midwest Real Estate Data (MRED)

APN: 16-09-32-324-003