NOT LISTED FOR SALE

491 S Chicago Ave Kankakee, IL 60901

Estimated Value: $93,000 - $146,404

6 Beds
4 Baths
-- Sq Ft
4,792 Sq Ft Lot

Last Sold May 13, 2022

Last sale price $40,000

Est. 183% increase in value since last sale

Current estimated payment $731/month

457 Days on Market

Highlights

  • Corner Lot
  • 2 Car Attached Garage
  • Forced Air Heating System
  • Porch

About This Home

As of May 2022

KANKAKEE 3 FLAT CLOSE TO DOWNTOWN - FOR SALE! GREAT INVESTMENT OPPORTUNITY! FULLY OCCUPIED Income producing 3 Flat NEEDS SOME WORK! POTENTIAL Unfinished 1 bedroom in basement COULD BE 4TH UNIT!! There is one adjacent home also listed at this time by the same owner, so there are a total of 4 units available, all right next to each other! Look up MLS #s 10748513 to see the neighboring properties! Financials available upon request! PROPERTY NEEDS REHABBING! Properties can be purchased as a package along with MLS #s: 10748513, 10748520, 10748526, 10748527!! NOTE: CALL ME FOR INFO ON 4 PACKAGE PORTFOLIO!!! SERIOUS INQUIRIES ONLY!! SOLD AS IS!!!!

Last Agent to Sell the Property

Brenda Ervin

Coldwell Banker Realty License #475153918 Listed on: 06/16/2020

Coldwell Banker Realty

Last Buyer's Agent

Brenda Ervin

Coldwell Banker Realty License #475153918 Listed on: 06/16/2020

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • Corner Lot
  • Paved or Partially Paved Lot

Parking

  • 2 Car Attached Garage
  • Driveway
  • Off-Street Parking
  • Parking Included in Price

Home Design

  • Slate Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 4 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Basement Fills Entire Space Under The House
  • Porch

Community Details

  • 3 Units
  • Gross Income $11,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1920
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Total Bedrooms: 6
  • Basement Description: Partially Finished,Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • ExteriorFeatures: Porch
  • Foundation Details: Concrete Perimeter
  • List Price: 80000
  • Lot Features: Corner Lot
  • Roof: Slate
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Off Street, Driveway
  • ParkingTotal: 4
  • Number of Cars: 6
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

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

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Schools

  • Middle/Junior School District: 111

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: IRR
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Multi Family

  • GrossIncome: 11400
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 2979.84
  • Tax Year: 2020
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2020
Closed on
May 11, 2022
Sold by
Wesley Realty Group Inc
Bought by
Fair Play Network Llc
Seller's Agent
Brenda Ervin
Coldwell Banker Realty
Buyer's Agent
Brenda Ervin
Coldwell Banker Realty
List Price
$80,000
Sold Price
$40,000
Premium/Discount to List
-$40,000
-50%
Current Estimated Value
$113,351

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,351
Avg. Annual Appreciation
39.61%
Original Mortgage
$49,000
Interest Rate
4.52%
Mortgage Type
Construction
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Fair Play Network Llc $40,000 Burnet Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Fair Play Network Llc $49,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2022 05/13/22 Sold $40,000 -50.0% --
09/16/2021 09/16/21 Pending -- -- --
06/16/2020 06/16/20 For Sale $80,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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 $3,849 $31,901 $3,338 $28,563
2023 $3,709 $28,420 $2,974 $25,446
2022 $3,400 $24,875 $2,603 $22,272
2021 $3,211 $22,512 $2,356 $20,156
2020 $2,980 $20,236 $2,118 $18,118
2019 $2,840 $18,824 $1,970 $16,854
2018 $2,734 $17,430 $1,824 $15,606
2017 $3,059 $17,047 $1,784 $15,263
2016 $2,868 $16,713 $1,749 $14,964
2015 $2,771 $17,054 $1,785 $15,269
2014 $2,967 $18,951 $1,785 $17,166
2013 -- $19,740 $1,859 $17,881
Source: Public Records

Agents Affiliated with this Home

  • Brenda Ervin

    Seller's Agent in 2022

    Brenda Ervin

    Coldwell Banker Realty

    (815) 685-0106

    72 Total Sales

    Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10748524

Midwest Real Estate Data (MRED)

APN: 16-17-05-116-019

Illinois Kankakee County Kankakee 60901

491 S Chicago Ave, Kankakee, IL

This home is located at 491 S Chicago Ave, Kankakee, IL 60901 since 16 June 2020 and is currently estimated at $113,351. This property was built in 1920. 491 S Chicago Ave is a home located in Kankakee County with nearby schools including Steuben Elementary School, Kennedy Middle Grade School, and Kankakee Junior High School.

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.

Midwest Real Estate Data (MRED) 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