Ernestina Preciado
RE/MAX 10
(708) 998-4209
170 Total Sales
1 in Kankakee
$48,500 Price
312 N 5th Ave Kankakee, IL 60901
Kankakee AreaEstimated Value: $65,000 - $132,000
3
Beds
2
Baths
--
Sq Ft
--
Built
About This Home
As of February 2026Great 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
Berkshire Hathaway HomeServices Speckman Realty License #475196499 Listed on: 10/24/2025
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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
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
Listed on
Oct 24, 2025
Closed on
Feb 17, 2026
Sold by
Bought by
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
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,901
Avg. Annual Appreciation
69.69%
Original Mortgage
$48,750
Outstanding Balance
$48,593
Interest Rate
7.13%
Mortgage Type
New Conventional
Estimated Equity
$34,308
Purchase Details
Listed on
Feb 27, 2023
Closed on
May 17, 2023
Sold by
Bought by
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
331
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
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Kankakee, IL
-
Ernestina Preciado
-
Monica Pizano
Monica Pizano
RE/MAX Prestige Homes
(815) 524-0237
193 Total Sales
94 in Kankakee
$10K - $315K Price Range
-
Gina LaMore
Gina LaMore
LaMore Realty
(779) 252-7513
200 Total Sales
7 in Kankakee
$129K - $290K Price Range
-
Ana Sandoval-Cremieux
Ana Sandoval-Cremieux
Compass
(844) 983-3106
125 Total Sales
2 in Kankakee
$120K - $220K Price Range
-
Berry McCracken
Berry McCracken
Coldwell Banker Realty
(815) 907-1857
220 Total Sales
79 in Kankakee
$10K - $485K Price Range
-
Mollie Grizzle
Mollie Grizzle
LaMore Realty
(920) 521-7016
100 Total Sales
29 in Kankakee
$13K - $540K Price Range
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 |
|---|---|---|---|
| $65,000 | Old Republic Title | ||
| $24,000 | Standard 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 | $48,750 |
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 | 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
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 | $3,080 | $29,569 | $2,881 | $26,688 |
| 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
-
Annie Mitchell
Seller's Agent in 2026
Annie Mitchell
Berkshire Hathaway HomeServices Speckman Realty
(815) 549-9491
116 Total Sales
-
Nicholas Rife
Buyer's Agent in 2026
Nicholas Rife
Rife Realty
(815) 258-1471
71 Total Sales
-
Timothy Gray
Seller's Agent in 2023
Timothy Gray
The Chicagoland RE Auction Co.
(312) 953-1498
291 Total Sales
-
Randy Grigg
Buyer's Agent in 2023
Randy Grigg
VIEWEG REAL ESTATE LLC
(217) 454-0091
260 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12503103
APN: 16-09-32-312-005
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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