$65,000
SOLD FEB 17, 2026

312 N 5th Ave Kankakee, IL 60901

3 Beds
2 Baths
-- Sq Ft
-- Built

Recently Sold

19% Below List Price

69 Days on Market

About This Home

As of February 2026

Great investment opportunity in Kankakee! This 2 unit property sits next to the 5th Avenue Community Garden and offers excellent income potential. The main level unit features 1 bedroom, a living/dining room, 1 bathroom and kitchen. The upper level unit offers 2 bedrooms, 1 bathroom and kitchen. Brand new exterior stairs (2023) provide safe and easy access to upper level. Both units share a backyard shed, perfect for lawn equipment and each unit has a brand new water heater installed in 2023. Whether you're looking to expand your investment portfolio or live in one unit while renting the other, this property offers great versatility and rental income potential.

Last Agent to Sell the Property

Annie Mitchell

Berkshire Hathaway HomeServices Speckman Realty License #475196499 Listed on: 10/24/2025

Berkshire Hathaway HomeServices Speckman Realty

Last Buyer's Agent

Nicholas Rife

Rife Realty License #471022567

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,080

Home Design

  • Frame Construction

Interior Spaces

  • Ceiling Fan
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Bathrooms

Parking

  • 2 Parking Spaces
  • Parking Available
  • Unassigned Parking

Additional Features

  • Lot Dimensions are 37.5x125
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,080

Lot Details

0 Sq Ft Lot

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: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished, Full
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Other Equipment: Ceiling Fan(s)
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove
  • MRD_AppliancesAndFeatures: Stove

Exterior Features

  • Construction Materials: Frame
  • Waterfront: No

Garage/Parking

  • Parking Features: Unassigned, Yes
  • ParkingTotal: 2

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Public

Lot Info

  • Lot Dimensions: 37.5x125
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 21

Tax Info

  • Tax Annual Amount: 3080.06
  • Tax Year: 2024

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 24, 2025
Closed on
Feb 17, 2026
Sold by
Jewel Luther
Bought by
Eck Gavin
Seller's Agent
Annie Mitchell
Berkshire Hathaway HomeServices Speckman Realty
Buyer's Agent
Nicholas Rife
Rife Realty
List Price
$80,000
Sold Price
$65,000
Premium/Discount to List
-$15,000
-18.75%
Views
133

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4436.22%
Original Mortgage
$48,750
Outstanding Balance
$48,750
Interest Rate
7.13%
Mortgage Type
New Conventional
Estimated Equity
$39,446

Purchase Details

Listed on
Feb 27, 2023
Closed on
May 17, 2023
Sold by
American Tax Lien Association
Bought by
Luther Jewel
Seller's Agent
Timothy Gray
The Chicagoland RE Auction Co.
Buyer's Agent
Randy Grigg
VIEWEG REAL ESTATE LLC
List Price
$69,000
Sold Price
$5,000
Premium/Discount to List
-$64,000
-92.75%
Views
333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
156.77%

Purchase Details

Closed on
Dec 1, 2022
Sold by
County Clerk Of The County Of Kankakee I
Bought by
American Tax Lien Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Warranty Deed $65,000 Old Republic Title
Special Warranty Deed $24,000 Standard Title
Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $48,750 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/17/2026 02/17/26 Sold $65,000 -7.1% --
01/01/2026 01/01/26 Pending -- -- --
12/29/2025 12/29/25 Price Changed $70,000 -12.5% --
11/11/2025 11/11/25 For Sale $80,000 0.0% --
11/05/2025 11/05/25 Pending -- -- --
10/25/2025 10/25/25 Price Changed $80,000 -5.9% --
10/24/2025 10/24/25 For Sale $85,000 +1600.0% --
05/30/2023 05/30/23 Sold $5,000 -77.8% -- View Prior Sale
05/16/2023 05/16/23 Pending -- -- --
05/08/2023 05/08/23 Price Changed $22,500 -6.3% --
05/01/2023 05/01/23 Price Changed $24,000 -11.1% --
04/25/2023 04/25/23 Price Changed $27,000 -6.9% --
04/19/2023 04/19/23 Price Changed $29,000 -14.7% --
04/12/2023 04/12/23 Price Changed $34,000 -12.8% --
04/06/2023 04/06/23 Price Changed $39,000 -7.1% --
03/31/2023 03/31/23 Price Changed $42,000 -14.3% --
03/23/2023 03/23/23 Price Changed $49,000 -9.3% --
03/16/2023 03/16/23 Price Changed $54,000 -15.6% --
03/08/2023 03/08/23 Price Changed $64,000 -7.2% --
02/28/2023 02/28/23 For Sale $69,000 -- --
Source: Midwest Real Estate Data (MRED)

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 $3,080 $26,052 $2,538 $23,514
2023 $2,968 $23,209 $2,261 $20,948
2022 $2,760 $20,314 $1,979 $18,335
2021 $2,605 $18,384 $1,791 $16,593
2020 $2,417 $16,525 $1,610 $14,915
2019 $2,304 $15,372 $1,498 $13,874
2018 $2,218 $14,233 $1,387 $12,846
2017 $2,484 $13,919 $1,356 $12,563
2016 $2,328 $13,646 $1,329 $12,317
2015 $2,249 $13,924 $1,356 $12,568
2014 $2,280 $14,656 $1,356 $13,300
2013 -- $15,266 $1,412 $13,854
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12503103

Midwest Real Estate Data (MRED)

APN: 16-09-32-312-005

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