NOT LISTED FOR SALE

543 S 3rd Ave Kankakee, IL 60901

Kankakee Area

Estimated Value: $111,000 - $201,484

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

Sale Details

Date Sold: December 29, 2016

Last sale price $90,000

Est. 80% increase in value since last sale

Current estimated payment $1,181 / mo

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

7,405 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 10, 2024
Sold by
Bought by
Current Estimated Value
$162,121

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
0.0713%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 13, 2016
Closed on
Dec 21, 2016
Sold by
Bought by
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
6.36%
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$183,000 Old Republic Title
$90,000 Kankakee Cnty Title & Tr
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $3,661 $35,145 $4,801 $30,344
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

  • J

    Seller's Agent in 2016

    John Arnold

    Arnold Real Estate, LLC

  • Diane Witte

    Buyer's Agent in 2016

    Diane Witte

    Village Realty Inc

    (815) 685-9392

    22 Total Sales

    Diane Witte
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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

Illinois Kankakee County Kankakee 60901

543 S 3rd Ave, Kankakee, IL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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