273 S 3rd Ave Unit 275 Kankakee, IL 60901
Estimated payment $1,097/month
About This Home
Prime Investment Opportunity: Fully-Leased Income Property in Kankakee, IL. This property offers cash flow with full occupancy, generating a total monthly rent of 2,740 across all units. Each unit is fully leased as follows:273 S 3rd Ave, Unit 1: Rented at 1,050/month 275 S 3rd Ave, Unit 1: Rented at 900/month 275 S 3rd Ave, Unit 2: Rented at 790/month This turn-key investment is ideal for portfolio growth, with stable, long-term tenants under active leases, ensuring immediate and ongoing revenue. Don't miss out on this fully-leased property delivering 2,740 in monthly rent right from the start! The interior photos are of Units 2 and 3, taken prior to the tenants moving in.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,024
Year Built
- Built in 1895
Lot Details
- 3,485 Sq Ft Lot
- Lot Dimensions are 25 x 150
Home Design
- Vinyl Siding
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Potential Bedrooms
- 3 Bathrooms
Additional Features
- Basement Fills Entire Space Under The House
- Heating System Uses Natural Gas
Community Details
- 3 Units
- Gross Income $2,740
Map
Home Values in the Area
Average Home Value in this Area
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 | $3,138 | $26,542 | $2,109 | $24,433 |
| 2023 | $3,024 | $23,646 | $1,879 | $21,767 |
| 2022 | $2,813 | $20,697 | $1,645 | $19,052 |
| 2021 | $2,655 | $18,731 | $1,489 | $17,242 |
| 2020 | $2,463 | $16,836 | $1,338 | $15,498 |
| 2019 | $2,347 | $15,662 | $1,245 | $14,417 |
| 2018 | $2,260 | $14,502 | $1,153 | $13,349 |
| 2017 | $2,531 | $14,183 | $1,128 | $13,055 |
| 2016 | $2,372 | $13,905 | $1,106 | $12,799 |
| 2015 | $2,291 | $14,189 | $1,129 | $13,060 |
| 2014 | $2,207 | $14,189 | $1,129 | $13,060 |
| 2013 | -- | $17,388 | $1,176 | $16,212 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/14/2025 02/14/25 | For Sale | $160,000 | 0.0% | -- |
| 11/16/2024 11/16/24 | Pending | -- | -- | -- |
| 11/09/2024 11/09/24 | For Sale | $160,000 | +113.3% | -- |
| 07/13/2018 07/13/18 | Sold | $75,000 | -4.8% | -- |
| 06/07/2018 06/07/18 | Pending | -- | -- | -- |
| 05/31/2018 05/31/18 | Price Changed | $78,800 | -11.3% | -- |
| 05/03/2018 05/03/18 | Price Changed | $88,800 | -1.1% | -- |
| 03/30/2018 03/30/18 | Price Changed | $89,800 | -3.8% | -- |
| 03/01/2018 03/01/18 | Price Changed | $93,300 | -1.5% | -- |
| 09/29/2017 09/29/17 | For Sale | $94,700 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12207145
APN: 16-09-32-335-026
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