Seller's Agent in 2025
Stephen Styck
Styken Real Estate and Property Management
(815) 781-8060
47 in this area
72 Total Sales
390 W Walnut St Kankakee, IL 60901
--
Bed
--
Bath
--
Sq Ft
1967
Built
About This Home
As of September 2025Here's a rare opportunity to own a well-maintained 12-unit multifamily property right in the heart of Kankakee's residential West Side. Located at 390 W Walnut Street, this all-brick, low-rise building has solid bones and offers a steady income stream with room for upside. Each unit is 1 or 2 bedrooms with 1 bath, featuring clean finishes, updated appliances, and tenant-paid electric. The building is zoned MF (Multifamily Residential), and it sits on a quiet, tree-lined block that still offers easy access to downtown, the riverfront, and I-57. Tenants appreciate the off-street parking and on-site laundry, and with several long-term residents already in place, it's a smooth addition to any rental portfolio. This one's a strong performer in a neighborhood where inventory like this doesn't hit the market often. If you're looking for a solid investment in Kankakee that's already up and running-this is worth a closer look.
Last Agent to Sell the Property
Styken Real Estate and Property Management License #471021538 Listed on: 06/12/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,810
Year Built
- Built in 1967
Additional Features
- 3-Story Property
- Lot Dimensions are 50x150
- Heating Available
Community Details
Overview
- 12 Units
Building Details
- Electric Expense $3,260
- Maintenance Expense $12,000
- Trash Expense $1,452
- Water Sewer Expense $7,707
- Operating Expense $11,669
- Gross Income $131,712
- Net Operating Income $79,722
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 1, 2024
Sold by
Trust Number 275 1000 0353 and Hometown National Bank
Bought by
Evergreen Property Investment Holdings Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
6.11%
Mortgage Type
Construction
Purchase Details
Closed on
Mar 4, 2016
Sold by
Albert Messier
Bought by
Hometown National Bk Tr 2751000353
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $700,000 | Standard Title | |
| Grant Deed | -- | Standard Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $560,000 | Construction |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/04/2025 09/04/25 | Sold | $900,000 | -4.2% | -- |
| 07/22/2025 07/22/25 | Pending | -- | -- | -- |
| 07/10/2025 07/10/25 | Price Changed | $939,000 | -1.7% | -- |
| 06/12/2025 06/12/25 | For Sale | $955,000 | -- | -- |
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 | $676 | $5,634 | $5,634 | $0 |
| 2023 | $642 | $5,019 | $5,019 | $0 |
| 2022 | $597 | $4,393 | $4,393 | $0 |
| 2021 | $564 | $3,976 | $3,976 | $0 |
| 2020 | $523 | $3,574 | $3,574 | $0 |
| 2019 | $498 | $3,325 | $3,325 | $0 |
| 2018 | $480 | $3,079 | $3,079 | $0 |
| 2017 | $537 | $3,011 | $3,011 | $0 |
| 2016 | $504 | $2,952 | $2,952 | $0 |
| 2015 | $486 | $3,012 | $3,012 | $0 |
| 2014 | $469 | $3,012 | $3,012 | $0 |
| 2013 | -- | $3,138 | $3,138 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Stephen Styck
-
Mike McCatty
Buyer's Agent in 2025
Mike McCatty
Century 21 Circle
(708) 945-2121
2 in this area
1,126 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12377050
APN: 16-17-06-437-002
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