491 S Chicago Ave Kankakee, IL 60901
Estimated payment $1,164/month
Highlights
- Corner Lot
- 2 Car Attached Garage
- Forced Air Heating System
- Porch
About This Home
ValueAdd Triplex With Seller Financing - 491 S Chicago Ave, Kankakee Cash preferred for $100K down, seller carry first, and quick close. Already priced to sell. Seller has other interests and is ready to move this property. Value supported by a recent appraisal. All offers and credit types considered. This triplex offers a strong valueadd opportunity with over $50,000 in recent upgrades already completed, providing builtin equity for the next owner. The property has a solid rental history and currently includes one habitable unit. The remaining two units need interior completion, including appliances, wall finishing, and flooring-allowing the new owner to choose the design and finishes. Once completed, the property is wellpositioned for rental demand in the Kankakee market.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,792
Year Built
- Built in 1920
Lot Details
- Corner Lot
- Paved or Partially Paved Lot
Parking
- 2 Car Attached Garage
- Parking Available
- 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 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
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2025 | $3,849 | $36,208 | $3,789 | $32,419 |
| 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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/13/2026 04/13/26 | Price Changed | $160,000 | -3.0% | -- | |
| 02/05/2026 02/05/26 | For Sale | $165,000 | +312.5% | -- | |
| 05/13/2022 05/13/22 | Sold | $40,000 | -50.0% | -- | View Prior Sale |
| 09/16/2021 09/16/21 | Pending | -- | -- | -- | |
| 06/16/2020 06/16/20 | For Sale | $80,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $40,000 | Burnet Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $49,000 | Construction |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12562010
APN: 16-17-05-116-019
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.
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.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
- 505 S Chicago Ave
- 427 S Chicago Ave Unit 431
- 553 S Greenwood Ave
- 341 S Harrison Ave
- 357 S Rosewood Ave
- 860 E Bourbonnais St
- 469 S Wildwood Ave
- 504 S Schuyler Ave
- 139 S Greenwood Ave
- 895 S Greenwood Ave
- 331 E Water St
- 912 S Greenwood Ave
- 187 E Water St
- 878 S Wildwood Ave
- 157-159 W Hickory St
- 590 S Washington Ave
- 215 N Rosewood Ave
- 265 S Washington Ave Unit 267
- 657 S Poplar Ave
- 997 S Evergreen Ave
- 464 S Harrison Ave Unit 1
- 770 E Station St
- 258 W Water St
- 2xxx S 3rd Ave Unit 2
- 319 S 5th Ave
- 319 S 5th Ave Unit 1
- 250 N Entrance Ave Unit 5A
- 250 N Entrance Ave Unit 3A
- 243-247-247 S 5th Ave Unit 247
- 592 N Dearborn Ave Unit 2
- 1735 E Duane Blvd Unit 4
- 1017 N Schuyler Ave Unit 3
- 221 S Cannon Ave Unit 1S
- 229 Steeplechase Cir Unit 1
- 164 Heritage Meadows Cir
- 655 Winston Dr
- 2091 W State Route 102
- 105 E Division St Unit 105
- 29837 Illinois 50 Unit E5
- 29837 Illinois 50 Unit E6
Ask me questions while you tour the home.