$140,000
PENDING $10K PRICE DROP

229 S Sibley Ave Kankakee, IL 60901

Estimated payment $965/month

Total Views 9,371
5 Beds
3 Baths
-- Sq Ft
-- Price per Sq Ft

About This Home

KANKAKEE - 3 UNIT PROPERTY FOR SALE - There is a two flat home with an additional unit above the detached garage. The home has a two bedroom/1 bath unit downstairs, and a one bedroom/1bathroom unit upstairs. The garage has a 2 bedroom/1 bathroom unit above the garage. Great income potential on this newly rehabbed, move-in ready property! Call today!

Listing Agent

Buck Tamblyn

McColly Bennett Real Estate License #475131086 Listed on: 01/27/2025

McColly Bennett Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,708

Year Built

  • Built in 1945 | Remodeled in 2025

Parking

  • 2 Car Garage

Home Design

  • Asphalt Roof

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 3 Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 50x135

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,708

Year Built

Built in 1945 | Remodeled in 2025

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1945
  • Age: 71-80 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2025
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily
  • Year Renovated: 2025

Interior Features

  • Basement: Unfinished, Full
  • Total Bathrooms: 3
  • Total Bedrooms: 5
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 140000
  • Roof: Asphalt
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: On Site, Detached, Garage
  • ParkingTotal: 2

Utilities

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

Schools

  • Middle/Junior School District: 111

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 50X135
  • Lot Size: Less Than .25 Acre
  • Special Assessments: U

Rental Info

  • Board Number: 21

Tax Info

  • Tax Annual Amount: 2708.12
  • Tax Year: 2024

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Map

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

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 $2,708 $22,906 $3,385 $19,521
2023 $2,609 $20,407 $3,016 $17,391
2022 $2,063 $15,182 $2,244 $12,938
2021 $2,291 $16,165 $2,389 $13,776
2020 $2,125 $14,530 $2,147 $12,383
2019 $2,025 $13,516 $1,997 $11,519
2018 $1,950 $12,515 $1,849 $10,666
2017 $2,184 $12,239 $1,808 $10,431
2016 $2,359 $13,831 $1,773 $12,058
2015 $2,279 $14,113 $1,809 $12,304
2014 $2,583 $16,603 $1,809 $14,794
2013 $1,608 $17,294 $1,884 $15,410
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/05/2025 09/05/25 Pending -- -- --
08/06/2025 08/06/25 Price Changed $140,000 -6.7% --
05/29/2025 05/29/25 For Sale $150,000 0.0% --
04/01/2025 04/01/25 Pending -- -- --
03/14/2025 03/14/25 For Sale $150,000 0.0% --
02/25/2025 02/25/25 Off Market $150,000 -- --
02/03/2025 02/03/25 Pending -- -- --
01/27/2025 01/27/25 For Sale $150,000 -- --
Source: Midwest Real Estate Data (MRED)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,480,000 Fidelity National Title
Quit Claim Deed -- None Listed On Document
Quit Claim Deed -- None Listed On Document
Quit Claim Deed -- None Listed On Document
Deed -- Leone Law Office
Deed -- --
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 $937,500 Credit Line Revolving
Source: Public Records

Source: Midwest Real Estate Data (MRED)

MLS Number: 12272110

Midwest Real Estate Data (MRED)

APN: 16-17-04-105-004