NOT LISTED FOR SALE

505 S Chicago Ave Kankakee, IL 60901

Estimated Value: $101,000 - $142,000

5 Beds
2 Baths
-- Sq Ft
4,225 Sq Ft Lot

Last Sold March 13, 2023

Last sale price $15,000

Est. 702% increase in value since last sale

Current estimated payment $917/month

933 Days on Market

Highlights

  • Corner Lot
  • 2 Car Detached Garage
  • Forced Air Heating System

About This Home

As of March 2023

KANKAKEE - 2 FLAT - FOR SALE! GREAT INVESTMENT OPPORTUNITY! The 2 and 3 bedroom/1 bath units with 2 car detached garage is close to downtown. PROPERTY NEEDS COMPLETE REHABBING! SOLD AS IS!!!! GREAT INVESTMENT OPPORTUNITY CLOSE TO DOWN TOWN! SELLER MOTIVATED TO SELL!! Financials available upon request!

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 1900

Lot Details

  • Lot Dimensions are 50 x 85
  • Corner Lot
  • Paved or Partially Paved Lot

Parking

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

Home Design

  • Asphalt Roof
  • Aluminum Siding
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 2 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

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: 1900
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 5
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • Foundation Details: Concrete Perimeter
  • List Price: 18000
  • Lot Features: Corner Lot
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Aluminum 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: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, 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: 50 X 85
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

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

Tax Info

  • Tax Annual Amount: 2426.9
  • Tax Year: 2020
  • Tax Exemptions: None

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 24, 2024
Sold by
Mwangangi Abednego K and Makau Judy
Bought by
Mwangangi Abednego K
Current Estimated Value
$120,333

Purchase Details

Listed on
Jun 16, 2020
Closed on
Mar 6, 2023
Sold by
Wesley Realty Group Inc
Bought by
Mwangangi Abednego K and Makau Judy
Seller's Agent
Brenda Ervin
Coldwell Banker Realty
Buyer's Agent
Brenda Ervin
Coldwell Banker Realty
List Price
$38,000
Sold Price
$15,000
Premium/Discount to List
-$23,000
-60.53%
Views
157

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
126.33%
Original Mortgage
$12,000
Interest Rate
6.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 16, 2017
Sold by
Trust No 25 & 1251
Bought by
Wesley Realty Group Inc
Source: Public Records

Range of Values:

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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
Mwangangi Abednego K -- None Listed On Document
Mwangangi Abednego K $15,000 Burnet Title
Wesley Realty Group Inc -- Standard Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mwangangi Abednego K $12,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/13/2023 03/13/23 Sold $15,000 -16.7% --
01/05/2023 01/05/23 Pending -- -- --
12/31/2022 12/31/22 Price Changed $18,000 -35.7% --
07/14/2022 07/14/22 Price Changed $28,000 -12.5% --
05/04/2022 05/04/22 Price Changed $32,000 -15.8% --
06/16/2020 06/16/20 For Sale $38,000 -- --
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 $3,135 $25,984 $3,168 $22,816
2023 $3,021 $23,148 $2,822 $20,326
2022 $2,770 $20,261 $2,470 $17,791
2021 $2,615 $18,335 $2,235 $16,100
2020 $2,427 $16,481 $2,009 $14,472
2019 $2,313 $15,331 $1,869 $13,462
2018 $2,226 $14,196 $1,731 $12,465
2017 $2,491 $13,884 $1,693 $12,191
2016 $2,336 $13,612 $1,660 $11,952
2015 $2,257 $13,890 $1,694 $12,196
2014 $2,175 $13,890 $1,694 $12,196
2013 -- $14,469 $1,765 $12,704
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10748513

Midwest Real Estate Data (MRED)

APN: 16-17-05-123-012