NOT LISTED FOR SALE

494 S 3rd Ave Kankakee, IL 60901

Estimated Value: $76,000 - $139,000

3 Beds
2 Baths
-- Sq Ft
-- Built

Last Sold February 19, 2021

Last sale price $59,500

Est. 64% increase in value since last sale

Current estimated payment $700/month

95 Days on Market

About This Home

As of February 2021

Solid 2 unit property. Live downstairs and have a garage and basement. Rent upstairs to make your payment...Walking distance to grocery store and restaurants and river!

Last Agent to Sell the Property

Brant Fred

McColly Rosenboom - B License #475134120 Listed on: 10/12/2020

McColly Rosenboom  - B

Last Buyer's Agent

Jessica Chavez

Chicagoland Brokers, Inc License #475167989

Chicagoland Brokers, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,701

Parking

  • 1 Car Garage

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Full Bathrooms

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 70x120
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,701

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Age: 71-80 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished, Full
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Construction Materials: Vinyl Siding
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: On Site, Garage Owned, Detached, Owned, Garage
  • ParkingTotal: 3

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Public

Lot Info

  • Lot Dimensions: 70X120
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 21

Tax Info

  • Tax Annual Amount: 1701.28
  • Tax Year: 2019
  • Tax Exemptions: None

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat,2 Story Unit/s

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2020
Closed on
Feb 23, 2021
Sold by
Patricia Cotsones Trust
Bought by
Hernandez Nicholas Arellano and De Arellano Ma
Seller's Agent
Brant Fred
McColly Rosenboom - B
Buyer's Agent
Jessica Chavez
Chicagoland Brokers, Inc
List Price
$64,900
Sold Price
$59,500
Premium/Discount to List
-$5,400
-8.32%
Current Estimated Value
$97,702

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,202
Avg. Annual Appreciation
10.72%
Original Mortgage
$47,600
Outstanding Balance
$5,087
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$92,615
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

Date Buyer Sale Price Title Company
Hernandez Nicholas Arellano $59,500 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hernandez Nicholas Arellano $47,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/19/2021 02/19/21 Sold $59,500 0.0% --
01/15/2021 01/15/21 Pending -- -- --
01/05/2021 01/05/21 Price Changed $59,500 -8.3% --
10/12/2020 10/12/20 For Sale $64,900 -- --
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 $2,275 $19,242 $3,044 $16,198
2023 $2,192 $17,142 $2,712 $14,430
2022 $2,039 $15,004 $2,374 $12,630
2021 $1,924 $13,578 $2,148 $11,430
2020 $1,785 $12,205 $1,931 $10,274
2019 $1,701 $11,353 $1,796 $9,557
2018 $1,638 $10,512 $1,663 $8,849
2017 $1,834 $10,280 $1,626 $8,654
2016 $1,719 $10,078 $1,594 $8,484
2015 $1,661 $10,284 $1,627 $8,657
2014 $1,600 $10,284 $1,627 $8,657
2013 -- $12,604 $1,695 $10,909
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10905536

Midwest Real Estate Data (MRED)

APN: 16-17-05-110-022