NOT LISTED FOR SALE

543 S 3rd Ave Kankakee, IL 60901

Estimated Value: $102,000 - $200,000

8 Beds
4 Baths
-- Sq Ft
7,405 Sq Ft Lot

Last Sold December 29, 2016

Last sale price $90,000

Est. 84% increase in value since last sale

Current estimated payment $1,171/month

230 Days on Market

About This Home

As of December 2016

INVESTMENT OPPORTUNITY FOR SALE - eight (8) income producing properties containing 4 multi-family, 5 single-family and 1 commercial units with an overall 81% occupancy level in Kankakee, IL. Properties will be sold individually or as a bundle on an "As-Is" basis. See additional info for more details.

Last Agent to Sell the Property

John Arnold

Arnold Real Estate, LLC Listed on: 04/13/2016

Last Buyer's Agent

Diane Witte

Village Realty Inc License #475138799

Village Realty Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,218

Year Built

  • Built in 1960

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50' x 150'

Parking

  • 2 Car Detached Garage
  • No Garage
  • Off Alley Parking
  • Parking Space is Owned

Home Design

  • Slab Foundation
  • Vinyl Siding
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 4 Bathrooms

Utilities

  • Baseboard Heating

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $32,220
  • Net Operating Income $18,510

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,218

Year Built

Built in 1960

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: 1960
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Basement Description: Slab
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Off Alley
  • ParkingTotal: 6
  • Garage Details: None/NA
  • 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: Electric, Baseboard
  • Water Source: Public

Fee Information

  • Other Expenses $: 13710

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.17
  • Lot Dimensions: 50' X 150'
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • TenantPays: Electric

Multi Family

  • Net Operating Income: 18510
  • GrossIncome: 32220
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 3218
  • Tax Year: 2014
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 10, 2024
Sold by
Blanchette Nathaniel W and Blanchette Krystal N
Bought by
Toledo Antony
Current Estimated Value
$165,867

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,850
Interest Rate
7.13%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 13, 2016
Closed on
Dec 21, 2016
Sold by
Fedrow Jacob A and Fedrow Diane R
Bought by
Blanchette Krystal N and Blanchette Nathaniel W
Seller's Agent
John Arnold
Arnold Real Estate, LLC
Buyer's Agent
Diane Witte
Village Realty Inc
List Price
$115,000
Sold Price
$90,000
Premium/Discount to List
-$25,000
-21.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.01%
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
Toledo Antony $183,000 Old Republic Title
Blanchette Krystal N $90,000 Kankakee Cnty Title & Tr
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Toledo Antony $173,850
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/29/2016 12/29/16 Sold $90,000 -21.7% --
11/29/2016 11/29/16 Pending -- -- --
05/10/2016 05/10/16 For Sale $115,000 0.0% --
05/05/2016 05/05/16 Pending -- -- --
04/13/2016 04/13/16 For Sale $115,000 -- --
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 $3,661 $30,965 $4,230 $26,735
2023 $3,527 $27,585 $3,768 $23,817
2022 $3,281 $24,144 $3,298 $20,846
2021 $3,097 $21,850 $2,985 $18,865
2020 $2,873 $19,640 $2,683 $16,957
2019 $2,738 $18,270 $2,496 $15,774
2018 $2,636 $16,917 $2,311 $14,606
2017 $2,952 $16,545 $2,260 $14,285
2016 $2,767 $16,221 $2,216 $14,005
2015 $2,673 $16,552 $2,261 $14,291
2014 $3,219 $20,689 $2,261 $18,428
2013 -- $25,355 $2,355 $23,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09194011

Midwest Real Estate Data (MRED)

APN: 16-17-06-222-017