NOT LISTED FOR SALE

260 S Cannon Ave Kankakee, IL 60901

Estimated Value: $203,000 - $294,000

7 Beds
4 Baths
-- Sq Ft
12,763 Sq Ft Lot

Last Sold April 22, 2019

Last sale price $181,000

Est. 32% increase in value since last sale

Current estimated payment $1,473/month

5 Days on Market

About This Home

As of April 2019

Great investment opportunity. ALL UNITS ARE RENTED!! New roof '17, hwh'16, Other recent updates in various units along with coin-op washer & dryer in last few years. Investors will appreciate the cash flow, and the convenient West Kankakee location. Rents are below market, but can be adjusted accordingly and is a good investment.

Last Agent to Sell the Property

Celia Calbert

Village Realty, Inc License #475147047 Listed on: 03/25/2019

Village Realty, Inc

Co-Listed By

Cindy Pease

Pease Real Estate License #471002131

Last Buyer's Agent

Patricia Martin

Berkshire Hathaway HomeServices Speckman Realty License #475138934

Berkshire Hathaway HomeServices Speckman Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,289

Year Built

  • Built in 1966

Lot Details

  • Lot Dimensions are 80 x 160

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • Uncovered Parking
  • Parking Space is Owned

Utilities

  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Individual Controls for Heating

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $31,800
  • Net Operating Income $17,021

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,289

Year Built

Built in 1966

Lot Details

0.29 Acres

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1966
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 7
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner,Range Hood
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner,Range Hood
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner,Range Hood
  • AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner,Range Hood

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • ParkingTotal: 4
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Steam, Indv Controls
  • Water Source: Public

Lot Info

  • Lot Dimensions: 80 X 160
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 21
  • TenantPays: Electric

Multi Family

  • Net Operating Income: 17021
  • GrossIncome: 31800
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 6288.94
  • Tax Year: 2017
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2019
Closed on
Apr 18, 2019
Sold by
Trust No 1550
Bought by
Castle Lisa
Seller's Agent
Celia Calbert
Village Realty, Inc
Buyer's Agent
Patricia Martin
Berkshire Hathaway HomeServices Speckman Realty
List Price
$185,000
Sold Price
$181,000
Premium/Discount to List
-$4,000
-2.16%
Current Estimated Value
$239,641

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,641
Avg. Annual Appreciation
4.16%
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
Castle Lisa $181,000 Standard Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/22/2019 04/22/19 Sold $181,000 -2.2% --
03/30/2019 03/30/19 Pending -- -- --
03/25/2019 03/25/19 For Sale $185,000 -- --
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 $7,798 $65,954 $9,019 $56,935
2023 $7,513 $58,757 $8,035 $50,722
2022 $393 $51,429 $7,033 $44,396
2021 $6,596 $46,542 $6,365 $40,177
2020 $6,119 $41,835 $5,721 $36,114
2019 $5,832 $38,916 $5,322 $33,594
2018 $5,615 $36,034 $4,928 $31,106
2017 $6,289 $35,242 $4,820 $30,422
2016 $5,894 $34,550 $4,725 $29,825
2015 $6,326 $39,172 $4,821 $34,351
2014 $6,771 $43,524 $4,821 $38,703
2013 -- $50,376 $5,022 $45,354
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10318825

Midwest Real Estate Data (MRED)

APN: 16-09-31-307-004

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