NOT LISTED FOR SALE

260 S Curtis Ave Kankakee, IL 60901

Estimated Value: $218,000 - $257,692

7 Beds
4 Baths
-- Sq Ft
0.29 Acres

Last Sold November 06, 2023

Last sale price $230,000

Est. 5% increase in value since last sale

Current estimated payment $1,499/month

27 Days on Market

About This Home

As of November 2023

4 unit brick building with pitched roof with a boiler as the main source of heat. There's a great chance to buy additional 4 units by buying the property right next door. This property sits in a quite part west of down town Kankakee with nice landscaping and parking in the back. For the utilities water/sewer/trash they are paid as one and that is marked as the water bill.

Last Agent to Sell the Property

John Przybyla

Horvath & Tremblay IL, LLC License #471010441 Listed on: 07/24/2023

Last Buyer's Agent

Anthony Spangler

Horvath & Tremblay IL, LLC License #475173833

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,988

Year Built

  • Built in 1985

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 80x160

Interior Spaces

  • 1-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Utilities

  • Radiator
  • Baseboard Heating
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $431
  • Fuel Expense $3,012
  • Insurance Expense $2,500
  • Maintenance Expense $1,200
  • Other Expense $750
  • Water Sewer Expense $4,164
  • Operating Expense $18,702
  • Gross Income $29,280
  • Net Operating Income $10,960

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,988

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Flats
  • Stories: 1
  • Year Built: 1985
  • Built Before 1978 (Y/N): No
  • Information: List Broker Must Accompany,48-Hr Notice Required
  • Estimated Age: 36-50 Years
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 4
  • Total Bedrooms: 7
  • Fireplaces: 1
  • Number of Washers: 1
  • Room: 0

Utilities

  • Heat/Ventilation: Gas,Radiators,Baseboard

Fee Information

  • Water Sewer Expenses: 4164

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.29
  • Lot Dimensions: 80X160
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 8

Multi Family

  • Net Operating Income: 10960
  • Fuel Expense: 3012
  • Insurance Expense: 2500
  • ElectricExpense: 431
  • GrossIncome: 29280
  • Maintenance Expense: 1200
  • NumberOfUnitsTotal: 4
  • OperatingExpense: 18702
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 6988
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2023
Closed on
Oct 19, 2023
Sold by
Goldenstein Betty L
Bought by
Mikhail Milad E and Badrous Mina Efat
Seller's Agent
John Przybyla
Horvath & Tremblay IL, LLC
Buyer's Agent
Anthony Spangler
Horvath & Tremblay IL, LLC
List Price
$235,000
Sold Price
$230,000
Premium/Discount to List
-$5,000
-2.13%
Views
88
Current Estimated Value
$241,924

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,924
Avg. Annual Appreciation
-0.01%
Original Mortgage
$172,500
Outstanding Balance
$169,633
Interest Rate
8%
Mortgage Type
New Conventional
Estimated Equity
$60,290
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
Mikhail Milad E $230,000 Standard Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mikhail Milad E $172,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/06/2023 11/06/23 Sold $230,000 -2.1% --
08/21/2023 08/21/23 Pending -- -- --
07/24/2023 07/24/23 For Sale $235,000 -- --
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 $7,798 $65,954 $9,019 $56,935
2023 $7,513 $58,757 $8,035 $50,722
2022 $6,989 $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: 11841122

Midwest Real Estate Data (MRED)

APN: 16-09-31-308-004