322 W Merchant St Unit 324 Kankakee, IL 60901
Estimated payment $734/month
Total Views
14,274
3
Beds
2
Baths
--
Sq Ft
--
Price per Sq Ft
About This Home
KANKAKEE - 2 UNIT APARTMENT BUILDING - Excellent income producing property. 1 - 1 bedroom/1 bathroom unit and 1 - 2 bedroom/1 bathroom unit in good condition at great rental rates. Current rental license up to date. 2 neighboring properties also available for a total of 10 units all adjacent, see MLS #12183285, #12183734, and#12195146 for other property details. Near Downtown Kankakee, Farmers Market and Financial District of Kankakee. Great opportunity! Call Today!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,495
Year Built
- Built in 1885 | Remodeled in 2023
Interior Spaces
- 2-Story Property
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Potential Bedrooms
- 2 Bathrooms
Parking
- 4 Parking Spaces
- Off-Street Parking
Additional Features
- Lot Dimensions are 40.25x50
- Heating System Uses Natural Gas
Community Details
Overview
- 2 Units
Building Details
- Gross Income $20,700
- Net Operating Income $9,655
Map
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
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 | $2,495 | $21,904 | $1,912 | $19,992 |
| 2023 | $2,495 | $19,513 | $1,703 | $17,810 |
| 2022 | $2,321 | $17,080 | $1,491 | $15,589 |
| 2021 | $2,191 | $15,457 | $1,349 | $14,108 |
| 2020 | $2,032 | $13,894 | $1,213 | $12,681 |
| 2019 | $1,937 | $12,924 | $1,128 | $11,796 |
| 2018 | $1,865 | $11,966 | $1,044 | $10,922 |
| 2017 | $2,088 | $11,703 | $1,021 | $10,682 |
| 2016 | $1,957 | $11,474 | $1,001 | $10,473 |
| 2015 | $1,891 | $11,708 | $1,021 | $10,687 |
| 2014 | $1,821 | $11,708 | $1,021 | $10,687 |
| 2013 | -- | $14,349 | $1,064 | $13,285 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/08/2025 04/08/25 | For Sale | $95,000 | 0.0% | -- |
| 03/27/2025 03/27/25 | Pending | -- | -- | -- |
| 03/19/2025 03/19/25 | For Sale | $95,000 | 0.0% | -- |
| 03/18/2025 03/18/25 | Off Market | $95,000 | -- | -- |
| 03/17/2025 03/17/25 | For Sale | $100,000 | +42.9% | -- |
| 06/27/2022 06/27/22 | Sold | $70,000 | 0.0% | -- |
| 05/18/2022 05/18/22 | Pending | -- | -- | -- |
| 05/10/2022 05/10/22 | For Sale | $70,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $250,000 | Attorneys Title Guaranty Fund |
Source: Public Records
Similar Homes in Kankakee, IL
Source: Midwest Real Estate Data (MRED)
MLS Number: 12313873
APN: 16-09-32-335-020
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.
Based on information submitted to the MLS GRID. 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.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Nearby Homes
- 273 S 3rd Ave Unit 275
- 310 W Merchant St Unit 316
- 322 W Merchant St Unit 324
- 238-240 S Entrance Ave
- 307 S 4th Ave
- 331 S 4th Ave
- 346 W Hickory St Unit 348
- 353 S 5th Ave Unit 355
- 144 N 4th Ave
- 551 W Hickory St
- 495 S 5th Ave
- 245 N 6th Ave
- 504 S Schuyler Ave
- 357 E Hickory St
- 393 N 6th Ave
- 481 N Adams St
- 505 S Indiana Ave
- 464 E Station St
- 595 S Wall St
- 341 S Harrison Ave