341 S 5th Ave Kankakee, IL 60901
3
Beds
2
Baths
--
Sq Ft
1910
Built
About This Home
As of November 2024Fantastic 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
RE/MAX Prestige Homes License #471021493 Listed on: 10/16/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,923
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
- Uncovered Parking
- Off-Street Parking
- Unassigned Parking
Additional Features
- Lot Dimensions are 50x150
- Heating System Uses Natural Gas
Community Details
- 2 Units
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
4.77%
Original Mortgage
$71,250
Outstanding Balance
$70,964
Interest Rate
5.99%
Mortgage Type
New Conventional
Estimated Equity
$26,731
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
$70,964
Interest Rate
5.99%
Mortgage Type
New Conventional
Estimated Equity
$26,731
Similar Homes in Kankakee, IL
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
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 | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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
-
Monica Pizano
Seller's Agent in 2025
Monica Pizano
RE/MAX Prestige Homes
(815) 671-6209
226 Total Sales
-
Rafael Rodriguez
Buyer's Agent in 2024
Rafael Rodriguez
RE/MAX
(773) 848-5568
48 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12185330
APN: 16-17-06-214-017
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
- 353 S 5th Ave Unit 355
- 554 W Station St
- 307 S 4th Ave
- 232-236 S 4th Ave
- 346 W Hickory St Unit 348
- 273 S 3rd Ave Unit 275
- 322 W Merchant St Unit 324
- 219 S 3rd Ave
- 310 W Merchant St Unit 316
- 220 S Entrance Ave
- 247 W Merchant St
- 227 S Washington Ave
- 360 S Washington Ave Unit 366
- 358 S Washington Ave
- 153 N Entrance Ave
- 1154 S Washington Ave
- 1142 S Washington Ave
- 1178 S Washington Ave
- 175 N Washington Ave
- 245 N 6th Ave