NOT LISTED FOR SALE

506 S Greenwood Ave Kankakee, IL 60901

Estimated Value: $48,000 - $123,000

4 Beds
2 Baths
-- Sq Ft
0.25 Acres

Last Sold January 13, 2023

Last sale price $38,000

Est. 116% increase in value since last sale

Current estimated payment $562/month

21 Days on Market

About This Home

As of January 2023

KANKAKEE - FOR SALE - 2 FLAT - Great income producing property on corner lot. Property is in good condition. Both units in good repair. Upstairs unit 2 bedroom/1 bath, downstairs 2 bedroom/1 bath. Spacious units with hardwood flooring and an abundance of natural light! Priced to sell, won't be on the market long, call today!

Last Agent to Sell the Property

Buck Tamblyn

McColly Bennett Real Estate License #475131086 Listed on: 11/19/2022

McColly Bennett Real Estate

Last Buyer's Agent

Elizabeth Barbosa

RE/MAX Prestige Homes License #475199321

RE/MAX Prestige Homes

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,293

Year Built

  • Built in 1900

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 20 x 120
  • Corner Lot

Parking

  • 2 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Frame Construction

Interior Spaces

  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms

Utilities

  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,293

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: School Bus Service,Commuter Bus,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • 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

  • List Price: 49900
  • Lot Features: Corner Lot
  • Waterfront: No
  • Exterior Building Type: Frame

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Condo/Co-op/Association

  • Conversion YN: N

Schools

  • Middle/Junior School District: 111

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.25
  • Lot Dimensions: 20 X 120
  • Zoning: MULTI
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 21

Tax Info

  • Tax Annual Amount: 1293
  • Tax Year: 2021

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Story Unit/s

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 1, 2024
Sold by
Municipal Trust & Savings Bank
Bought by
Solinghome Llc
Current Estimated Value
$82,268

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,500
Outstanding Balance
$81,566
Interest Rate
6.87%
Mortgage Type
Credit Line Revolving
Estimated Equity
$702

Purchase Details

Closed on
Feb 2, 2024
Sold by
Galvez Arturo
Bought by
Trust Number 3055

Purchase Details

Listed on
Nov 19, 2022
Closed on
Jan 13, 2023
Sold by
Caparra Llc Super Series
Bought by
Galvez Arturo
Seller's Agent
Buck Tamblyn
McColly Bennett Real Estate
Buyer's Agent
Elizabeth Barbosa
RE/MAX Prestige Homes
List Price
$49,900
Sold Price
$38,000
Premium/Discount to List
-$11,900
-23.85%
Views
87

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
33.40%

Purchase Details

Closed on
Nov 15, 2016
Sold by
Joe Neal and Joe Georgia
Bought by
Caparra Llc Super Series
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
Solinghome Llc -- None Listed On Document
Trust Number 3055 -- None Listed On Document
Galvez Arturo $38,000 Homestar Title
Caparra Llc Super Series -- Guarantee Title & Trust Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Solinghome Llc $82,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/13/2023 01/13/23 Sold $38,000 -23.8% --
12/11/2022 12/11/22 Pending -- -- --
11/19/2022 11/19/22 For Sale $49,900 +2393.8% --
04/27/2015 04/27/15 Sold $2,001 0.0% --
04/17/2015 04/17/15 Off Market $2,001 -- --
02/03/2015 02/03/15 For Sale $1 -- --
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 $1,527 $12,842 $2,358 $10,484
2023 $1,471 $11,441 $2,101 $9,340
2022 $1,369 $10,014 $1,839 $8,175
2021 $1,292 $9,062 $1,664 $7,398
2020 $1,200 $8,146 $1,496 $6,650
2019 $1,143 $7,578 $1,392 $6,186
2018 $1,100 $7,017 $1,289 $5,728
2017 $1,232 $6,863 $1,261 $5,602
2016 $1,154 $6,728 $1,236 $5,492
2015 $1,115 $6,865 $1,261 $5,604
2014 $2,389 $15,260 $2,261 $12,999
2013 -- $15,896 $2,355 $13,541
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11676294

Midwest Real Estate Data (MRED)

APN: 16-17-05-223-001