NOT LISTED FOR SALE

450 S Dearborn Ave Kankakee, IL 60901

30 Beds
19 Baths
-- Sq Ft
1966 Built

Sale Details

Date Sold: October 24, 2025

Last sale price $1,150,000

20 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Baseboard Heating
  • Wood Siding

About This Home

As of October 2025

19 Units - 3 buildings, Located less than 2 blocks from Phase 1 of the Kankakee Riverfront Revitalization project, close to shopping, expressway, downtown area, 2 1/2 blocks to Kankakee Farmers Market, plus plenty of restaurants, this Investment Opportunity consists of 3 buildings totaling 19 units. 2024 Real Estate taxes $ 19,055.84 for all 3 buildings. All tenants have access to laundry room facilities located in building 450 (washers/dryers are leased). In addition there is a 5 car garage for additional income/owner use. Tenants responsible their own electric. Owner pays electric for common areas of Building 450, Water & refuse & Gas for all 3 buildings. 450 Dearborn is a brick 12 unit building consisting of 10-2 bedroom units, 2 - 1 bedroom units, roof replaced approx 2017-2018. Building 440 (16-17-05-114-004), windows 2024-2025, Vinyl siding 8/25 and consists of 3 units. Building 466 (16-17-05-114-022) is a brick/stone & siding 4 unit consisting of all 1 bedroom units. Roof & Siding replaced in 2018. Tenants in building 466 have central air. See feature sheet / rent roll for full details. Building Ages of 440 & 466 is unknown. Units in building 440 & 450 have wall or window a/c units (many newer units). 12 unit is serviced by hot water heat (included in rent), 440 & 466 have forced air heat.

Last Agent to Sell the Property

Harriet Kubicz

HomeSmart Realty Group License #471020838 Listed on: 08/17/2025

HomeSmart Realty Group

Last Buyer's Agent

Cristina Antons

New Neighbors Real Estate License #471020791

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,056

Year Built

  • Built in 1966

Lot Details

  • Lot Dimensions are 150 x 145
  • Additional Parcels

Home Design

  • Mixed Use
  • Brick Exterior Construction
  • Wood Siding
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Unfinished Basement

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 19 Units

Building Details

  • Electric Expense $1,200
  • Fuel Expense $10,503
  • Insurance Expense $7,793
  • Maintenance Expense $10,000
  • Other Expense $500
  • Trash Expense $1,260
  • Water Sewer Expense $31,000
  • Gross Income $231,024

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,056

Year Built

Built in 1966

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 2
  • Year Built: 1966
  • Built Before 1978 (Y/N): Yes
  • New Construction Y/N: No
  • Information: List Broker Must Accompany,48-Hr Notice Required
  • Estimated Age: Older
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished
  • Fireplaces: 2
  • Dishwashers: 0
  • Refrigerators: 19
  • Ranges: 19
  • Number of Washers: 2
  • Room: 0

Exterior Features

  • Construction Materials: Brick, Wood, Vinyl Siding
  • Foundation Details: Concrete Perimeter, Other
  • Frontage Type: City Street

Garage/Parking

  • Outdoor Parking: 19-30 Spaces

Utilities

  • Cooling: Central Air, Wall Sleeve, Window Unit(s)
  • Electric: Circuit Breakers
  • Water Source: Municipal Water
  • Heat/Ventilation: Forced Air,Gas,Hot Water,Baseboard
  • Leased Washer Dryer YN: Yes

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 1260
  • Water Sewer Expenses: 31000
  • Operating Expense Includes: Pest Control,Trash,Water/Sewer,Electricity,Gas

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 150 X 145
  • Zoning: MULTI
  • Land Amenities: Sidewalks

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10
  • Tenancy Type: Leases,Section 8

Building Info

  • Building Unit Info: Smoke/Alarm Detector

Multi Family

  • Fuel Expense: 10503
  • Insurance Expense: 7793
  • ElectricExpense: 1200
  • GrossIncome: 231024
  • Maintenance Expense: 10000
  • NumberOfUnitsTotal: 19
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 19055.84
  • Tax Year: 2024

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2025
Closed on
Oct 23, 2025
Sold by
Bought by
Seller's Agent
Harriet Kubicz
HomeSmart Realty Group
Buyer's Agent
Cristina Antons
New Neighbors Real Estate
List Price
$1,260,000
Sold Price
$1,150,000
Premium/Discount to List
-$110,000
-8.73%
Views
13

Purchase Details

Closed on
Apr 29, 2024
Sold by
Bought by

Purchase Details

Listed on
Jul 31, 2018
Closed on
Dec 14, 2018
Sold by
Bought by
Seller's Agent
Deanna Stanglewicz
Coldwell Banker Residential
Buyer's Agent
Karla Adams
Coldwell Banker Realty
List Price
$550,000
Sold Price
$475,000
Premium/Discount to List
-$75,000
-13.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
0.055%
Mortgage Type
New Conventional
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,150,000 None Listed On Document
-- None Listed On Document
$475,000 Kankakee County Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $374,739
Closed $380,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/24/2025 10/24/25 Sold $1,150,000 -8.7% --
09/06/2025 09/06/25 Pending -- -- --
08/18/2025 08/18/25 For Sale $1,260,000 +165.3% --
12/18/2018 12/18/18 Sold $475,000 -13.6% -- View Prior Sale
09/21/2018 09/21/18 Pending -- -- --
07/31/2018 07/31/18 For Sale $550,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $11,818 $99,964 $4,276 $95,688
2024 $11,818 $99,964 $4,276 $95,688
2023 $12,782 $99,964 $4,276 $95,688
2022 $13,584 $99,964 $4,276 $95,688
2021 $14,167 $99,964 $4,276 $95,688
2020 $14,621 $99,964 $4,276 $95,688
2019 $11,167 $74,520 $4,276 $70,244
2018 $11,612 $74,520 $4,276 $70,244
2017 $13,298 $74,520 $4,276 $70,244
2016 $12,712 $74,520 $4,276 $70,244
2015 $13,371 $82,800 $4,276 $78,524
2014 $12,882 $82,800 $4,276 $78,524
2013 -- $82,800 $4,276 $78,524
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12446043

Midwest Real Estate Data (MRED)
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