341 S 5th Ave Kankakee, IL 60901
Estimated payment $875/month
About This Home
Fantastic investment opportunity! This affordable and well-maintained 2-unit property is a rare find, with tenants in place for over 10 and 15 years, providing stable, long-term rental income. The home has been meticulously cared for, minimizing maintenance concerns. Whether you're looking to expand your portfolio or start your investment journey, this property offers immediate cash flow with reliable tenants and a solid foundation. Updated Furnaces, electrical panels and water heaters.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,034
Year Built
- Built in 1910
Home Design
- Stone Foundation
- Asphalt Roof
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
- Unassigned Parking
Additional Features
- Lot Dimensions are 50x150
- Heating System Uses Natural Gas
Community Details
- 2 Units
Map
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 | $3,034 | $25,661 | $4,230 | $21,431 |
| 2023 | $2,923 | $22,860 | $3,768 | $19,092 |
| 2022 | $2,719 | $20,009 | $3,298 | $16,711 |
| 2021 | $2,566 | $18,108 | $2,985 | $15,123 |
| 2020 | $2,381 | $16,277 | $2,683 | $13,594 |
| 2019 | $2,269 | $15,142 | $2,496 | $12,646 |
| 2018 | $2,185 | $14,020 | $2,311 | $11,709 |
| 2017 | $2,447 | $13,711 | $2,260 | $11,451 |
| 2016 | $2,293 | $13,442 | $2,216 | $11,226 |
| 2015 | $2,215 | $13,716 | $2,261 | $11,455 |
| 2014 | $2,134 | $13,716 | $2,261 | $11,455 |
| 2013 | -- | $15,875 | $2,355 | $13,520 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/05/2025 09/05/25 | Price Changed | $115,000 | -3.4% | -- |
| 08/07/2025 08/07/25 | Price Changed | $119,000 | -4.8% | -- |
| 07/16/2025 07/16/25 | Price Changed | $125,000 | -3.8% | -- |
| 06/04/2025 06/04/25 | For Sale | $130,000 | +36.8% | -- |
| 11/27/2024 11/27/24 | Sold | $95,000 | 0.0% | -- |
| 10/21/2024 10/21/24 | Pending | -- | -- | -- |
| 10/16/2024 10/16/24 | For Sale | $95,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $95,000 | Lakeland Title | |
| Quit Claim Deed | -- | Lakeland Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $71,250 | New Conventional |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12384373
APN: 16-17-06-214-017
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