$155,000
SOLD JUL 1, 2025

307 S 4th Ave Kankakee, IL 60901

4 Beds
3 Baths
-- Sq Ft
3,049 Sq Ft Lot

Recently Sold

3% Above List Price

Highlights

  • Corner Lot
  • Forced Air Heating System
  • Ceiling Fan

About This Home

As of July 2025

This beautifully renovated property offers a fantastic investment opportunity or the perfect place to call home for House Hackers. Recent updates include exterior and interior paint, new flooring throughout, and modernized kitchens and bathrooms. Conveniently located near the West Side, close to schools, shopping, grocery stores, hospitals, and downtown. Just two blocks from the bus line and only five minutes to the commuter train. Newer hot water heater and a brand new furnace. Sold "AS IS" - Don't miss out on this opportunity! Schedule your appointment with Nicholas Today!

Last Agent to Sell the Property

Nicholas Kravat

Black Label Realty Co. License #475194670 Listed on: 05/07/2025

Black Label Realty Co.

Co-Listed By

Mark Quesada

Black Label Realty Co. License #475144827

Last Buyer's Agent

Anna Sophia Chacon

Charles Rutenberg Realty of IL License #475183966

Charles Rutenberg Realty of IL

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,710

Year Renovated

  • 2024

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 50' x 60'
  • Corner Lot

Home Design

  • Block Foundation
  • Stone Foundation
  • Asphalt Roof

Interior Spaces

  • Ceiling Fan
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 3 Bathrooms

Schools

  • Steuben Elementary School
  • John Kennedy Middle Grade School
  • Kankakee High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,710

Year Renovated

2024

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): Yes
  • General Information: School Bus Service,Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2024
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2024

Interior Features

  • Appliances: Humidifier
  • Basement: Unfinished, Full
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Other Equipment: Ceiling Fan(s)
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Construction Materials: Vinyl Siding
  • Foundation Details: Block, Stone
  • List Price: 150000
  • Lot Features: Corner Lot
  • Roof: Asphalt
  • Waterfront: No

Utilities

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

Schools

  • Elementary School: Steuben Elementary School
  • High School: Kankakee High School
  • Middle/Junior School: John Kennedy Middle Grade School
  • Middle/Junior School District: 111

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.07
  • Lot Dimensions: 50' X 60'
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 2710
  • Tax Year: 2023
  • Tax Exemptions: None

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2025
Closed on
May 14, 2025
Sold by
Farooqui Usman
Bought by
Castillo Mejias Ruben D
Seller's Agent
Nicholas Kravat
Black Label Realty Co.
Buyer's Agent
Anna Sophia Chacon
Charles Rutenberg Realty of IL
List Price
$150,000
Sold Price
$155,000
Premium/Discount to List
$5,000
3.33%
Views
137

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-24.99%
Original Mortgage
$152,192
Interest Rate
6.63%
Mortgage Type
FHA

Purchase Details

Listed on
Jun 13, 2022
Closed on
Sep 8, 2022
Sold by
Affordable Rental Properties Llp
Bought by
Farooqui Usman
Seller's Agent
Dustin Kooy
Village Realty Inc
Buyer's Agent
Nicholas Kravat
Black Label Realty Co.
List Price
$139,999
Sold Price
$125,000
Premium/Discount to List
-$14,999
-10.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.96%
Original Mortgage
$97,499
Interest Rate
6.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 4, 2017
Sold by
Op Pad Holdings Iii Llc
Bought by
Affordable Rental Properties L
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 Type Sale Price Title Company
Warranty Deed $155,000 Chicago Title
Warranty Deed $129,999 --
Special Warranty Deed $13,000 Kankakee County Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $152,192 FHA
Previous Owner $97,499 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2025 07/01/25 Sold $155,000 +3.3% --
05/07/2025 05/07/25 Pending -- -- --
05/07/2025 05/07/25 For Sale $150,000 +20.0% --
09/09/2022 09/09/22 Sold $125,000 -10.7% --
08/15/2022 08/15/22 Pending -- -- --
08/01/2022 08/01/22 For Sale $139,999 0.0% --
07/26/2022 07/26/22 Pending -- -- --
06/13/2022 06/13/22 For Sale $139,999 -- --
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 $2,813 $23,795 $5,211 $18,584
2023 $2,711 $21,198 $4,642 $16,556
2022 $2,521 $18,554 $4,063 $14,491
2021 $2,380 $16,791 $3,677 $13,114
2020 $2,208 $15,093 $3,305 $11,788
2019 $2,104 $14,040 $3,074 $10,966
2018 $2,026 $13,000 $2,846 $10,154
2017 $508 $2,846 $2,846 $0
2016 $485 $2,846 $2,846 $0
2015 $460 $2,846 $2,846 $0
2014 $443 $2,846 $2,846 $0
2013 -- $2,846 $2,846 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12359098

Midwest Real Estate Data (MRED)

APN: 16-17-06-215-014