NOT LISTED FOR SALE

507 S 5th Ave Kankakee, IL 60901

Estimated Value: $99,000 - $133,000

4 Beds
2 Baths
-- Sq Ft
4,966 Sq Ft Lot

Last Sold September 30, 2022

Last sale price $95,000

Est. 22% increase in value since last sale

Current estimated payment $821/month

5 Days on Market

About This Home

As of September 2022

Great location and investment property. These units are right next to a river front park. 2-2 bedroom units, move in ready! Also a 2 car garage that can be unsed for tenants or extra rental income. This property also has a full unfinished basement. Close to all amenities including public transportation. Dont miss this opportunity, won't last long. Property is being sold, as-is. Also listed and will package- 11607377, 11607380, 11607381, 11609704, 11609723, 11609777, 11609835

Last Agent to Sell the Property

Stephen Styck

Styken Real Estate and Property Management License #471021538 Listed on: 08/20/2022

Last Buyer's Agent

Paul Kirkpatrick

Exclusive Realtors License #475.183817

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,157

Lot Details

  • 4,966

Parking

  • 2 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Vinyl Siding

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 50x100
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,157

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Age: 51-60 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
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 2
  • 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
  • Water Source: Public

Lot Info

  • Lot Dimensions: 50X100
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 21

Tax Info

  • Tax Annual Amount: 2157.18
  • Tax Year: 2021

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 20, 2022
Closed on
Sep 24, 2022
Sold by
Nugent Family Trust
Bought by
Grimberg Nicholas A
Seller's Agent
Stephen Styck
Styken Real Estate and Property Management
Buyer's Agent
Paul Kirkpatrick
Exclusive Realtors
List Price
$95,000
Sold Price
$95,000
Current Estimated Value
$116,367

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,367
Avg. Annual Appreciation
6.40%

Purchase Details

Closed on
Apr 15, 2016
Sold by
Federated Bank
Bought by
The Nugent
Source: Public Records
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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
Grimberg Nicholas A $95,000 Burnet Title
The Nugent -- Standard Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2022 09/30/22 Sold $95,000 0.0% --
08/26/2022 08/26/22 Pending -- -- --
08/20/2022 08/20/22 For Sale $95,000 -- --
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 $2,550 $21,570 $3,466 $18,104
2023 $2,457 $19,216 $3,088 $16,128
2022 $2,286 $16,819 $2,703 $14,116
2021 $2,157 $15,221 $2,446 $12,775
2020 $2,001 $13,682 $2,199 $11,483
2019 $1,907 $12,728 $2,046 $10,682
2018 $1,836 $11,785 $1,894 $9,891
2017 $2,057 $11,525 $1,852 $9,673
2016 $1,927 $11,299 $1,816 $9,483
2015 $1,862 $11,530 $1,853 $9,677
2014 $1,993 $12,811 $1,853 $10,958
2013 -- $15,700 $1,930 $13,770
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11609723

Midwest Real Estate Data (MRED)

APN: 16-17-06-220-001