Seller's Agent in 2024
Rory Hertzberg
Village Realty, Inc
(815) 954-3937
1 in this area
643 Total Sales
307 N 5th Ave Unit 309 Kankakee, IL 60901
Kankakee AreaEstimated Value: $92,000 - $170,000
4
Beds
4
Baths
--
Sq Ft
6,490
Sq Ft Lot
About This Home
As of June 2024Welcome to 307 and 309 North 5th Avenue in Kankakee, Illinois. This two-unit property presents an opportunity for savvy investors willing to roll up their sleeves and unlock its full potential. With a little rehab and sweat equity, each unit can become a lucrative source of cash flow. Boasting two bedrooms and one and a half bathrooms in each unit, the layout is tailored for rental investment purposes. One unit enjoys exclusive access to the entire basement, adding to its appeal for tenants seeking additional space. While this property isn't turnkey, its underlying value is undeniable. Priced at $40,000 per unit, it offers significant upside potential. Comparable units in the area command rents ranging from $900 to $1,100, indicating promising returns on investment. It's important to note that this is a tax deed sale, and as such, the property must remain on the market for seven days before considering any offers. With a strategic approach to repair and maintenance, this property holds the promise of long-term profitability for discerning investors.
Last Agent to Sell the Property
Village Realty, Inc License #475168321 Listed on: 03/29/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1900 | Remodeled in 1976
Lot Details
- 6,490
Home Design
- Vinyl Siding
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
- 4 Bathrooms
Additional Features
- Basement Fills Entire Space Under The House
- Lot Dimensions are 65x100
- Heating System Uses Natural Gas
Community Details
- 2 Units
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 10, 2025
Sold by
Bought by
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$443,384
Outstanding Balance
$431,769
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
-$293,896
Purchase Details
Listed on
Mar 29, 2024
Closed on
Jun 17, 2024
Sold by
Bought by
Seller's Agent
Rory Hertzberg
Village Realty, Inc
Buyer's Agent
Allison Ascher
Coldwell Banker Realty
List Price
$79,900
Sold Price
$55,000
Premium/Discount to List
-$24,900
-31.16%
Views
146
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
54.90%
Purchase Details
Closed on
Mar 13, 2024
Sold by
Bought by
Purchase Details
Closed on
Apr 29, 2005
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | None Listed On Document | ||
| $55,000 | Greater Illinois Title | ||
| -- | None Listed On Document | ||
| $84,500 | Homestar Title |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $443,384 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/20/2024 06/20/24 | Sold | $55,000 | -8.3% | -- |
| 05/18/2024 05/18/24 | Pending | -- | -- | -- |
| 05/16/2024 05/16/24 | Price Changed | $59,999 | -14.2% | -- |
| 04/27/2024 04/27/24 | Price Changed | $69,900 | -12.5% | -- |
| 04/23/2024 04/23/24 | For Sale | $79,900 | 0.0% | -- |
| 04/13/2024 04/13/24 | Pending | -- | -- | -- |
| 03/29/2024 03/29/24 | For Sale | $79,900 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $4,613 | $44,282 | $4,993 | $39,289 |
| 2024 | $4,613 | $39,015 | $4,399 | $34,616 |
| 2023 | $4,444 | $34,757 | $3,919 | $30,838 |
| 2022 | $4,134 | $30,422 | $3,430 | $26,992 |
| 2021 | $3,902 | $27,531 | $3,104 | $24,427 |
| 2020 | $3,620 | $24,747 | $2,790 | $21,957 |
| 2019 | $3,450 | $23,020 | $2,595 | $20,425 |
| 2018 | $3,321 | $21,315 | $2,403 | $18,912 |
| 2017 | $3,720 | $20,846 | $2,350 | $18,496 |
| 2016 | $3,486 | $20,437 | $2,304 | $18,133 |
| 2015 | $3,368 | $20,854 | $2,351 | $18,503 |
| 2014 | $3,415 | $21,952 | $2,351 | $19,601 |
| 2013 | -- | $22,867 | $2,449 | $20,418 |
Source: Public Records
Agents Affiliated with this Home
-
Rory Hertzberg
-
Carson Turner
C
Seller Co-Listing Agent in 2024
Carson Turner
Village Realty, Inc
(708) 478-1212
22 Total Sales
-
Allison Ascher
Buyer's Agent in 2024
Allison Ascher
Coldwell Banker Realty
(815) 298-4097
328 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12011465
APN: 16-09-32-311-012
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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