NOT LISTED FOR SALE

553 E Bourbonnais St Kankakee, IL 60901

Estimated Value: $88,000 - $175,000

7 Beds
3 Baths
-- Sq Ft
3,136 Sq Ft Lot

Last Sold August 29, 2024

Last sale price $125,000

Est. 6% increase in value since last sale

Current estimated payment $985/month

432 Days on Market

About This Home

As of August 2024

VERY MOTIVATED SELLER!!! LIVE IN ONE UNIT AND RENT OUT THE OTHER!! Spacious 2 Flat Duplex on a corner lot. The main level offers a spacious family room, updated kitchen, 3 bedrooms with NEW carpet, full bath, spacious sitting area, and FULL unfinished walk-out basement previously rented for $1000. The Upstairs unit has two entrances one on the first floor and a separate exterior entrance up the stairs on the East side of the building. The upstairs unit has a family room, dining room, kitchen, 3 bedrooms w/NEW LAMINATE FLOORS, UPDATED full bath, and utility room furnished washer & dryer on the first floor and 2 bedrooms and UPDATED full bath on the second level previously rented for $1,050.00. Tenants pay for Gas and Electric. The owner pays for water & sewer. Both units updated in 2022: Kitchens in both units have been remodeled with new cabinets, countertops, ceramic flooring, and SS appliances (Upstairs unit only). Upstairs full bath remodeled with separate utility room w/washer dryer. Ceramic tiles and vinyl-proof plank flooring were installed in both units. The entryway has been freshly painted and new ceramic tiles installed. 2024: ADDITIONAL UPDATES INCLUDES: Both units were painted; Some ceramic tile, carpet and laminate flooring installed. Both units have separate furnaces and water heaters. SOLD AS IS!!! Call me to schedule an appointment today!

Last Agent to Sell the Property

Brenda Ervin

Coldwell Banker Realty License #475153918 Listed on: 03/31/2023

Coldwell Banker Realty

Last Buyer's Agent

Damon Saathoff

RE/MAX Prestige Homes License #475209765

RE/MAX Prestige Homes

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,330

Year Built

  • Built in 1910

Lot Details

  • Lot Dimensions are 52.5x60
  • Corner Lot
  • Paved or Partially Paved Lot

Home Design

  • Block Foundation
  • Asphalt Roof
  • Concrete Perimeter Foundation
  • Stucco

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 3 Bathrooms

Unfinished Basement

  • Partial Basement

Parking

  • 4 Parking Spaces
  • Uncovered Parking
  • Off-Street Parking
  • Parking Included in Price

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,330

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1910
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • New Construction Y/N: No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial
  • Total Bathrooms: 3
  • Total Bedrooms: 7
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0

Exterior Features

  • Foundation Details: Block, Concrete Perimeter
  • Lot Features: Corner Lot
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Stucco

Garage/Parking

  • Parking Features: Off Street
  • ParkingTotal: 4
  • Parking: Space/s
  • Parking On-Site: No
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved
  • Conversion YN: N

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 52.5X60
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 3329.98
  • Tax Year: 2023
  • Tax Exemptions: None

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2023
Closed on
Aug 19, 2024
Sold by
Mwangangi Abednego K
Bought by
Gulf Real Estate Investments Group Llc
Seller's Agent
Brenda Ervin
Coldwell Banker Realty
Buyer's Agent
Damon Saathoff
RE/MAX Prestige Homes
List Price
$138,500
Sold Price
$125,000
Premium/Discount to List
-$13,500
-9.75%
Views
1448
Current Estimated Value
$132,721

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,721
Avg. Annual Appreciation
4.65%
Original Mortgage
$100,000
Outstanding Balance
$98,849
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$33,872

Purchase Details

Listed on
Jun 16, 2020
Closed on
Sep 18, 2020
Sold by
Wesley Realty Group Incorporated
Bought by
Mwangangi Abednego K
Seller's Agent
Brenda Ervin
Coldwell Banker Realty
Buyer's Agent
Brenda Ervin
Coldwell Banker Realty
List Price
$58,000
Sold Price
$52,000
Premium/Discount to List
-$6,000
-10.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.93%
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
Gulf Real Estate Investments Group Llc $125,000 Attorneys Title Guaranty Fund
Mwangangi Abednego K $52,000 Burnet Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gulf Real Estate Investments Group Llc $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/29/2024 08/29/24 Sold $125,000 -9.7% --
06/06/2024 06/06/24 Pending -- -- --
05/28/2024 05/28/24 For Sale $138,500 +10.8% --
05/28/2024 05/28/24 Off Market $125,000 -- --
05/22/2024 05/22/24 For Sale $138,500 0.0% --
05/07/2024 05/07/24 Pending -- -- --
04/04/2024 04/04/24 Price Changed $138,500 0.0% --
04/04/2024 04/04/24 For Sale $138,500 +10.8% --
02/05/2024 02/05/24 Off Market $125,000 -- --
08/03/2023 08/03/23 Price Changed $90,000 -25.0% --
05/29/2023 05/29/23 Price Changed $120,000 -9.1% --
04/22/2023 04/22/23 Price Changed $132,000 -2.2% --
03/31/2023 03/31/23 For Sale $135,000 +159.6% --
09/22/2020 09/22/20 Sold $52,000 -10.3% -- View Prior Sale
08/21/2020 08/21/20 Pending -- -- --
06/16/2020 06/16/20 For Sale $58,000 -- --
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 $3,456 $29,068 $2,752 $26,316
2023 $3,380 $25,896 $2,452 $23,444
2022 $3,098 $22,666 $2,146 $20,520
2021 $2,926 $20,512 $1,942 $18,570
2020 $2,715 $18,438 $1,746 $16,692
2019 $2,587 $17,151 $1,624 $15,527
2018 $2,491 $15,881 $1,504 $14,377
2017 $2,787 $15,532 $1,471 $14,061
2016 $2,613 $15,227 $1,442 $13,785
2015 $2,525 $15,537 $1,471 $14,066
2014 $2,703 $17,264 $1,471 $15,793
2013 -- $17,983 $1,532 $16,451
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11747536

Midwest Real Estate Data (MRED)

APN: 16-17-05-116-018