NOT LISTED FOR SALE

194 N 5th Ave Unit 198 Kankakee, IL 60901

Estimated Value: $61,000 - $147,704

4 Beds
3 Baths
-- Sq Ft
7,405 Sq Ft Lot

Last Sold August 11, 2016

Last sale price $31,000

Est. 290% increase in value since last sale

Current estimated payment $757/month

92 Days on Market

About This Home

As of August 2016

INVESTMENT OPPORTUNITY FOR SALE - ten (10) income producing properties containing 22 multi-family, 5 single-family and 5 commercial units with an overall 88% occupancy level in Bradley and Kankakee, IL. Portfolio will be sold individually or as a bundle on an "As-Is" basis. See additional info for more details.

Last Agent to Sell the Property

John Arnold

Arnold Real Estate, LLC Listed on: 04/13/2016

Last Buyer's Agent

Taylor Renz

McColly Bennett Real Estate License #475169994

McColly Bennett Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50' x 150'
  • Corner Lot

Home Design

  • Bi-Level Home
  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 3 Bathrooms

Parking

  • 2 Parking Spaces
  • Uncovered Parking
  • Off-Street Parking
  • Parking Space is Owned

Schools

  • Lafayette Primary Elementary School
  • Kankakee High School

Additional Features

  • Basement Fills Entire Space Under The House
  • Forced Air Heating System

Community Details

Overview

  • 2 Units

Building Details

  • Gross Income $15,540
  • Net Operating Income $3,340

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Bi-Level
  • New Construction: No
  • Year Built: 1920
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Laundry Hook-Up,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Laundry Hook-Up,Hardwood Floors

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Lot Features: Corner Lot
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air
  • Water Source: Public

Fee Information

  • Other Expenses $: 3862

Schools

  • Elementary School: LAFAYETTE PRIMARY SCHOOL
  • High School: KANKAKEE HIGH SCHOOL

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.17
  • Lot Dimensions: 50' X 150'
  • Zoning: COMMR
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Multi Family

  • Net Operating Income: 3340
  • GrossIncome: 15540
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 3499
  • Tax Year: 2014
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2016
Closed on
Aug 30, 2016
Sold by
Joseph Anderson and Joseph Towanna L
Bought by
Martin Nr Llc
Seller's Agent
John Arnold
Arnold Real Estate, LLC
Buyer's Agent
Taylor Renz
McColly Bennett Real Estate
List Price
$35,000
Sold Price
$31,000
Premium/Discount to List
-$4,000
-11.43%
Current Estimated Value
$120,926

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,926
Avg. Annual Appreciation
15.91%
Source: Public Records

Range of Values:

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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
Martin Nr Llc -- Attorney Only
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/11/2016 08/11/16 Sold $31,000 -11.4% --
07/14/2016 07/14/16 Pending -- -- --
06/16/2016 06/16/16 For Sale $35,000 0.0% --
04/29/2016 04/29/16 Pending -- -- --
04/13/2016 04/13/16 For Sale $35,000 -- --
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 $4,726 $39,977 $4,441 $35,536
2023 $4,554 $35,614 $3,956 $31,658
2022 $4,236 $31,172 $3,463 $27,709
2021 $3,998 $28,210 $3,134 $25,076
2020 $3,709 $25,357 $2,817 $22,540
2019 $3,535 $23,587 $2,620 $20,967
2018 $3,403 $21,840 $2,426 $19,414
2017 $3,812 $21,360 $2,373 $18,987
2016 $3,572 $20,941 $2,326 $18,615
2015 $3,451 $21,368 $2,373 $18,995
2014 $3,499 $22,493 $2,373 $20,120
2013 -- $23,430 $2,472 $20,958
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09193994

Midwest Real Estate Data (MRED)

APN: 16-09-32-322-001