NOT LISTED FOR SALE

271 N West Ave Unit 275 Kankakee, IL 60901

Estimated Value: $79,000 - $192,170

6 Beds
2 Baths
-- Sq Ft
6,490 Sq Ft Lot

Last Sold February 06, 2024

Last sale price $160,000

Est. 14% decrease in value since last sale

Current estimated payment $854/month

54 Days on Market

About This Home

As of February 2024

EXCELLENT INVESTMENT OPPORTUNITY!! Instant cash flow, tenant in unit 271 already in place (275 recently vacated) 3 Bedrooms and 1 Bathroom in each unit; total of 6 Bedrooms and 2 Bathrooms. No known defects, but property is being sold as is. Note: This property can be purchased individually or as part of a 4 property investment portfolio, also including 903 S Poplar Avenue, 467 S Lincoln Avenue, and 770 S Evergreen Avenue, Kankakee ($588k)

Last Agent to Sell the Property

Lance Schwimmer

BAAN Properties, LLC License #475170705 Listed on: 11/16/2023

Last Buyer's Agent

Jennifer Avalos

Village Realty Inc License #475205164

Village Realty Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,114

Lot Details

  • 6,490

Home Design

  • Duplex
  • Frame Construction

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 2 Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 45x145

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,114

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Age: Unknown
  • Built Before 1978 (Y/N): No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 6
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Frame

Garage/Parking

  • Parking: None

Utilities

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

Lot Info

  • Lot Dimensions: 45X145
  • Zoning: SINGL
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 4114.46
  • Tax Year: 2022
  • Tax Exemptions: None

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: Duplex Side by Side

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 16, 2023
Closed on
Feb 6, 2024
Sold by
Martin Rentals Cjm Llc
Bought by
Avalos Luis and Orantes Yancy Dayanna
Seller's Agent
Lance Schwimmer
BAAN Properties, LLC
Buyer's Agent
Jennifer Avalos
Village Realty Inc
List Price
$142,000
Sold Price
$160,000
Premium/Discount to List
$18,000
12.68%
Views
112
Current Estimated Value
$137,043

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$22,957
Avg. Annual Appreciation
-8.61%
Original Mortgage
$152,000
Outstanding Balance
$146,241
Interest Rate
7.13%
Mortgage Type
New Conventional
Estimated Equity
-$9,198

Purchase Details

Listed on
Nov 16, 2023
Closed on
Jan 25, 2024
Sold by
Jensen Geraldine L and Fragalle Christine
Bought by
Phelps Andrew and Fritz Christy
Seller's Agent
Lance Schwimmer
BAAN Properties, LLC
Buyer's Agent
Jennifer Avalos
Village Realty Inc
List Price
$142,000
Sold Price
$160,000
Premium/Discount to List
$18,000
12.68%
Views
112

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,000
Outstanding Balance
$146,241
Interest Rate
7.13%
Mortgage Type
New Conventional
Estimated Equity
-$9,198

Purchase Details

Closed on
Jul 25, 2014
Sold by
Trust 1209
Bought by
Martin Rentals Cjm Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Avalos Luis $160,000 Standard Title
Phelps Andrew $269,800 Fidelity National Title
Martin Rentals Cjm Llc $141,500 Standard Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Avalos Luis $152,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/06/2024 02/06/24 Sold $160,000 +12.7% --
01/10/2024 01/10/24 Pending -- -- --
11/16/2023 11/16/23 For Sale $142,000 -- --
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 $4,591 $38,830 $1,903 $36,927
2023 $4,423 $34,592 $1,695 $32,897
2022 $4,114 $30,278 $1,484 $28,794
2021 $3,883 $27,401 $1,343 $26,058
2020 $3,602 $24,630 $1,207 $23,423
2019 $3,433 $22,912 $1,123 $21,789
2018 $3,306 $21,215 $1,040 $20,175
2017 $3,702 $20,748 $1,017 $19,731
2016 $3,470 $20,341 $997 $19,344
2015 $3,352 $20,756 $1,017 $19,739
2014 $3,399 $21,847 $1,017 $20,830
2013 -- $22,757 $1,059 $21,698
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11931433

Midwest Real Estate Data (MRED)

APN: 16-09-32-320-016