516 S Rosewood Ave Kankakee, IL 60901
4
Beds
4
Baths
--
Sq Ft
7,231
Sq Ft Lot
About This Home
As of February 2025Great investment opportunity you won't want to miss! This well-maintained, side-by-side townhome-style duplex features a classic brick exterior and is fully turnkey with separate utilities for each unit. Both units have been recently updated, including two spacious bedrooms and one and a half baths. The south unit brings in 1200/month in rent, while the north unit brings in 1175/month with tenants who are responsible for all utilities. Each unit is secured 1-year lease, with subsidized rental payments, ensuring steady income. Recently passing city inspections and fully licensed, this property promises both immediate cash flow and long-term stability. Schedule your Private showing today!
Last Agent to Sell the Property
Exclusive Realtors License #475.183817 Listed on: 01/16/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,547
Home Design
- Brick Exterior Construction
Interior Spaces
- 2-Story Property
- Unfinished Basement
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
- 4 Bathrooms
Parking
- 4 Parking Spaces
- Uncovered Parking
Additional Features
- Lot Dimensions are 50x150
- Heating System Uses Natural Gas
Community Details
- 2 Units
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 16, 2025
Closed on
Feb 21, 2025
Sold by
Municipal Trust & Savings Bank
Bought by
Spurlock Selome
Seller's Agent
Paul Kirkpatrick
Exclusive Realtors
Buyer's Agent
Melissa Giacomara
Coldwell Banker Realty
List Price
$159,000
Sold Price
$159,000
Total Days on Market
4
Views
12
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$880
Avg. Annual Appreciation
-2.27%
Original Mortgage
$119,250
Outstanding Balance
$119,155
Interest Rate
7.13%
Mortgage Type
New Conventional
Estimated Equity
$38,285
Purchase Details
Closed on
Mar 3, 2021
Sold by
Austin Ferris
Bought by
Trust Number 2881
Purchase Details
Closed on
Dec 14, 2017
Sold by
Mccracken John H
Bought by
Ferris Austin and Lafond Tom
Similar Homes in Kankakee, IL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $159,000 | None Listed On Document | |
| Deed | $20,000 | Homestar Title | |
| Warranty Deed | $15,000 | Labeau Dietchweiler & Associat |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $119,250 | New Conventional | |
| Previous Owner | $160,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/27/2025 02/27/25 | Sold | $159,000 | 0.0% | -- |
| 01/20/2025 01/20/25 | Pending | -- | -- | -- |
| 01/16/2025 01/16/25 | For Sale | $159,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $3,681 | $30,965 | $4,230 | $26,735 |
| 2023 | $3,547 | $27,585 | $3,768 | $23,817 |
| 2022 | $3,300 | $24,144 | $3,298 | $20,846 |
| 2021 | $3,116 | $21,850 | $2,985 | $18,865 |
| 2020 | $2,892 | $19,640 | $2,683 | $16,957 |
| 2019 | $2,756 | $18,270 | $2,496 | $15,774 |
| 2018 | $2,653 | $16,917 | $2,311 | $14,606 |
| 2017 | $2,969 | $16,545 | $2,260 | $14,285 |
| 2016 | $2,783 | $16,221 | $2,216 | $14,005 |
| 2015 | $2,689 | $16,552 | $2,261 | $14,291 |
| 2014 | $2,899 | $18,515 | $2,261 | $16,254 |
| 2013 | -- | $19,286 | $2,355 | $16,931 |
Source: Public Records
Agents Affiliated with this Home
-
P
Seller's Agent in 2025
Paul Kirkpatrick
Exclusive Realtors
-
M
Buyer's Agent in 2025
Melissa Giacomara
Coldwell Banker Realty
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12272401
APN: 16-17-05-224-003
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