$105,000
SOLD NOV 24, 2025

341 S 5th Ave Kankakee, IL 60901

3 Beds
2 Baths
-- Sq Ft
1910 Built

Recently Sold

19% Below List Price

148 Days on Market

About This Home

As of November 2025

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.

Last Agent to Sell the Property

Monica Pizano

RE/MAX Prestige Homes License #471021493 Listed on: 06/04/2025

RE/MAX Prestige Homes

Last Buyer's Agent

Fawad Shahid

Carnelian Realty Group License #471022453

Carnelian Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,034

Year Built

  • Built in 1910

Home Design

  • Stone Foundation
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Bathrooms

Parking

  • 4 Parking Spaces
  • Parking Available
  • Off-Street Parking
  • Unassigned Parking

Additional Features

  • Lot Dimensions are 50x150
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,034

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1910
  • Age: 100+ Years
  • 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
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Construction Materials: Vinyl Siding
  • Foundation Details: Stone
  • Roof: Asphalt
  • Waterfront: No

Garage/Parking

  • Parking Features: Unassigned, Off Street, Yes
  • ParkingTotal: 4

Utilities

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

Lot Info

  • Lot Dimensions: 50X150
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 21

Tax Info

  • Tax Annual Amount: 3033.82
  • Tax Year: 2024
  • Tax Exemptions: None

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Story Unit/s

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 16, 2024
Closed on
Nov 26, 2024
Sold by
Miller Paul E
Bought by
Espinoza Jose
Seller's Agent
Monica Pizano
RE/MAX Prestige Homes
Buyer's Agent
Rafael Rodriguez
RE/MAX City
List Price
$95,000
Sold Price
$95,000
Views
38

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.17%
Original Mortgage
$71,250
Outstanding Balance
$70,597
Interest Rate
5.99%
Mortgage Type
New Conventional
Estimated Equity
$32,348

Purchase Details

Listed on
Oct 16, 2024
Closed on
Nov 9, 2024
Sold by
Miller Howard J and Miller Paul E
Bought by
Miller Paul E
Seller's Agent
Monica Pizano
RE/MAX Prestige Homes
Buyer's Agent
Rafael Rodriguez
RE/MAX City
List Price
$95,000
Sold Price
$95,000
Views
38

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,250
Outstanding Balance
$70,597
Interest Rate
5.99%
Mortgage Type
New Conventional
Estimated Equity
$32,348
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 $95,000 Lakeland Title
Quit Claim Deed -- Lakeland Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $71,250 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/24/2025 11/24/25 Sold $105,000 -8.7% --
10/30/2025 10/30/25 Pending -- -- --
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% -- View Prior Sale
10/21/2024 10/21/24 Pending -- -- --
10/16/2024 10/16/24 For Sale $95,000 -- --
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 $3,034 $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
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12384373

Midwest Real Estate Data (MRED)

APN: 16-17-06-214-017