NOT LISTED FOR SALE

232 W Oak St Kankakee, IL 60901

Estimated Value: $63,985 - $122,000

3 Beds
2 Baths
-- Sq Ft
1,742 Sq Ft Lot

Last Sold October 28, 2021

Last sale price $39,900

Est. 124% increase in value since last sale

Current estimated payment $555/month

105 Days on Market

Highlights

  • Property is near park
  • Fenced Yard
  • Shed
  • Traditional Architecture
  • Porch
  • Forced Air Heating System

About This Home

As of October 2021

~BACK ON MARKET!~ STEADY INCOME two-flat in the Opportunity Zone! Main level apartment has 2BR, 1 bath + access to laundry area in basement; upstairs is a studio apartment. *Reliable long-term tenants, always current. MTM leases now, in anticipation of sale. Rents are below market value, but still profitable.* Tenants have separate meters for gas & electric; owner pays water, sewer & scavenger. GREAT location - only 3 blocks to downtown; close to all commuter access points (Amtrak, bus, interstate), and near markets, churches, restaurants, parks, etc. *Estate - sold as is.* See broker remarks about OZ financing benefits, or call co-list agent for more info.

Last Agent to Sell the Property

Susan Fisher

Coldwell Banker Realty License #475133610 Listed on: 07/05/2021

Coldwell Banker Realty

Co-Listed By

Sarah Powers

Coldwell Banker Realty License #475136610

Last Buyer's Agent

Robert Pumphrey

Found It Homes LLC License #475180318

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,124

Year Built

  • Built in 1900 | Remodeled in 1983

Lot Details

  • 1,742 Sq Ft Lot
  • Lot Dimensions are 36 x 55
  • Fenced Yard
  • Paved or Partially Paved Lot

Home Design

  • Traditional Architecture
  • Block Foundation
  • Stone Foundation
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • Ceiling Fan
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Bathrooms

Home Security

  • Storm Screens
  • Carbon Monoxide Detectors

Outdoor Features

  • Shed
  • Porch

Location

  • Property is near park

Schools

  • Kankakee Junior High School
  • Kankakee High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Cable TV Available

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $864
  • Trash Expense $1,627
  • Water Sewer Expense $814
  • Gross Income $11,640
  • Net Operating Income $5,931

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,124

Year Built

Built in 1900 | Remodeled in 1983

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Traditional
  • New Construction: No
  • Year Built: 1900
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 1983
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 1983

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Other Equipment: TV-Cable, CO Detectors, Ceiling Fan(s)
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • ExteriorFeatures: Porch, Storms/Screens
  • Foundation Details: Block, Stone
  • Lot Features: Fenced Yard
  • OtherStructures: Shed(s)
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Parking: None

Utilities

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

Condo/Co-op/Association

  • Community Features: Park, Curbs, Sidewalks, Street Lights, Street Paved

Fee Information

  • Trash Expense: 1627
  • Water Sewer Expenses: 814
  • Other Expenses $: 279
  • Trash Expense Year: 2020

Schools

  • High School: Kankakee High School
  • Middle/Junior School: Kankakee Junior High School

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.04
  • Lot Dimensions: 36 X 55
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 21

Multi Family

  • Net Operating Income: 5931
  • Insurance Expense: 864
  • GrossIncome: 11640
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat,Converted Residence

Tax Info

  • Tax Annual Amount: 2123.9
  • Tax Year: 2020
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 14, 2025
Sold by
Espinoza Concepcion Eugenio and Espinosa Concepcion Eugenio
Bought by
Ronces Nayeli
Current Estimated Value
$89,246

Purchase Details

Listed on
Jul 5, 2021
Closed on
Oct 28, 2021
Sold by
Chieh Tai Jen
Bought by
Tai Ching Hua and Donka Shun Hua
Seller's Agent
Susan Fisher
Coldwell Banker Realty
Buyer's Agent
Robert Pumphrey
Found It Homes LLC
Sold Price
$39,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.18%
Source: Public Records
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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
Ronces Nayeli -- None Listed On Document
Tai Ching Hua $39,900 Kankakee County Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2021 10/28/21 Sold $39,900 -20.0% --
10/20/2021 10/20/21 Pending -- -- --
09/23/2021 09/23/21 For Sale -- -- --
09/10/2021 09/10/21 Pending -- -- --
07/06/2021 07/06/21 For Sale $49,900 -- --
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 $2,747 $22,895 $711 $22,184
2023 $2,647 $20,396 $633 $19,763
2022 $2,426 $17,852 $554 $17,298
2021 $2,290 $16,155 $501 $15,654
2020 $2,124 $14,521 $450 $14,071
2019 $2,024 $13,508 $419 $13,089
2018 $1,949 $12,507 $388 $12,119
2017 $2,183 $12,231 $379 $11,852
2016 $2,046 $11,992 $372 $11,620
2015 $1,976 $12,237 $380 $11,857
2014 $1,904 $12,237 $380 $11,857
2013 -- $12,747 $396 $12,351
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11146269

Midwest Real Estate Data (MRED)

APN: 16-09-32-324-019