NOT LISTED FOR SALE

491 S Chicago Ave Kankakee, IL 60901

Estimated Value: $149,000 - $164,000

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

Sale Details

Date Sold: May 13, 2022

Last sale price $40,000

Est. 294% increase in value since last sale

Current estimated payment $1,170 / mo

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

4,792 Sq Ft Lot

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
  • Actual Status: Closed
  • 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
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • ExteriorFeatures: Porch
  • Foundation Details: Concrete Perimeter
  • 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

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

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
Jun 16, 2020
Closed on
May 11, 2022
Sold by
Bought by
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
$157,425

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$117,425
Avg. Annual Appreciation
40.14%
Original Mortgage
$49,000
Interest Rate
4.52%
Mortgage Type
Construction
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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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
$40,000 Burnet 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 $49,000
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
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

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 $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
Source: Public Records

Agents Affiliated with this Home

  • Brenda Ervin

    Seller's Agent in 2022

    Brenda Ervin

    Coldwell Banker Realty

    (815) 685-0106

    47 in this area

    70 Total Sales

    Brenda Ervin
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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

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) 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

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