NOT LISTED FOR SALE

346 S 4th Ave Kankakee, IL 60901

Estimated Value: $131,000 - $147,000

6 Beds
4 Baths
-- Sq Ft
3,746 Sq Ft Lot

Last Sold September 07, 2022

Last sale price $116,527

Est. 24% increase in value since last sale

Current estimated payment $979/month

26 Days on Market

About This Home

As of September 2022

Gutted in 2008, this brick property was a 4 unit and has been converted to a 2 unit. Both units have 3 bedrooms and 1.1 baths. The units are large with long term tenant possibilities. Maintenance free, 08 electric service, 08 windows, 08 new plumbing, 08 roof, 08 central air and heat. This will be a money maker for years to come OR great opportunity for a live in landlord. Each unit has two private entries - front and back. Each unit has it's own washer and dryer hook up as well. Unit 1: BD #1 10x10, BD #2 12x10, BD #3 13x10, Living room 9x17, Kitchen 12x15, Utility 12x10, 1.1BA The second floor unit is also three bedrooms and one and a half bathrooms. The living room is much bigger and the kitchen is a bit smaller than the first floor unit.

Last Agent to Sell the Property

Marla Good

Keller Williams Preferred Realty License #471009785 Listed on: 03/15/2022

Keller Williams Preferred Realty

Last Buyer's Agent

Magdalena Kopec

Re/max Millennium License #475156030

Re/max Millennium

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,170

Year Built

  • Built in 1900 | Remodeled in 2008

Lot Details

  • 3,746

Home Design

  • Brick Exterior Construction
  • Asphalt Roof

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 2 Parking Spaces
  • Uncovered Parking
  • Parking Space is Owned
  • Assigned Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 25 x 150

Community Details

  • 2 Units
  • Gross Income $1,923

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,170

Year Built

Built in 1900 | Remodeled in 2008

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2008
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2008

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 6
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0

Exterior Features

  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Assigned
  • ParkingTotal: 2
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Lot Info

  • Lot Dimensions: 25 X 150
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Multi Family

  • GrossIncome: 1923
  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 2170.42
  • Tax Year: 2020
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2022
Closed on
Sep 6, 2022
Sold by
Wasim Naseer J
Bought by
Arroyo Jaime and Arroyo Sasiphan
Seller's Agent
Marla Good
Keller Williams Preferred Realty
Buyer's Agent
Magdalena Kopec
Re/max Millennium
List Price
$119,750
Sold Price
$116,527
Premium/Discount to List
-$3,223
-2.69%
Current Estimated Value
$143,999

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,472
Avg. Annual Appreciation
5.77%
Original Mortgage
$87,395
Outstanding Balance
$75,154
Interest Rate
5.5%
Mortgage Type
New Conventional
Estimated Equity
$65,778

Purchase Details

Closed on
Jan 9, 2008
Sold by
Homecomings Financial Llc
Bought by
Naseer Wasim J
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 Buyer Sale Price Title Company
Arroyo Jaime $116,527 First American Title
Naseer Wasim J $15,166 Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arroyo Jaime $87,395
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/07/2022 09/07/22 Sold $116,527 -2.7% --
04/11/2022 04/11/22 Pending -- -- --
04/06/2022 04/06/22 For Sale $119,750 0.0% --
04/04/2022 04/04/22 Pending -- -- --
03/15/2022 03/15/22 For Sale $119,750 -- --
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 $2,766 $23,394 $2,109 $21,285
2023 $2,665 $20,841 $1,879 $18,962
2022 $2,479 $18,242 $1,645 $16,597
2021 $2,340 $16,509 $1,489 $15,020
2020 $2,170 $14,839 $1,338 $13,501
2019 $2,069 $13,804 $1,245 $12,559
2018 $1,992 $12,782 $1,153 $11,629
2017 $2,231 $12,501 $1,128 $11,373
2016 $2,091 $12,256 $1,106 $11,150
2015 $2,020 $12,507 $1,129 $11,378
2014 $2,301 $14,788 $1,129 $13,659
2013 -- $18,123 $1,176 $16,947
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11347526

Midwest Real Estate Data (MRED)

APN: 16-17-06-216-006