Seller's Agent in 2025
Paul Kirkpatrick
Exclusive Realtors
(815) 405-2964
62 in this area
136 Total Sales
553 S 3rd Ave Kankakee, IL 60901
4
Beds
1
Bath
--
Sq Ft
1950
Built
About This Home
As of December 2025Introducing a beautifully refreshed two-story four-unit building in the heart of Kankakee, Illinois, just a couple of blocks from the upcoming East Riverwalk park, set to be completed by year's end. All Units are 1 bed 1 bath. Each unit in this fully rented property has been thoughtfully updated before occupancy, featuring modern vinyl plank flooring, fresh paint, and refinished cabinets and countertops. Each unit is equipped with its own refrigerator and stove. The building also offers a newer rubber roof (just three years old), durable vinyl windows, steel staircases, and a basement area with potential for coin laundry installation. Tenants cover their own electric, gas, and water, while the landlord covers sewer and garbage. Current rents are 800, 650, 600, and 750 per unit. Updated plumbing and electrical. Schedule your private showing today!
Last Agent to Sell the Property
Exclusive Realtors License #475.183817 Listed on: 09/23/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,032
Year Built
- Built in 1950
Home Design
- Stucco
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
- 1 Bathroom
Parking
- 8 Parking Spaces
- Parking Available
Additional Features
- Partial Basement
- Lot Dimensions are 50x100
- Heating Available
Community Details
- 4 Units
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 23, 2025
Closed on
Dec 4, 2025
Sold by
Municipal Trust & Savings Bank
Bought by
Toledo Martin
Seller's Agent
Paul Kirkpatrick
Exclusive Realtors
Buyer's Agent
Antony Toledo
Realty of America, LLC
List Price
$194,900
Sold Price
$170,550
Premium/Discount to List
-$24,350
-12.49%
Views
26
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
79.99%
Purchase Details
Closed on
Apr 13, 2023
Sold by
Hubert Mitchel
Bought by
Trust Number 2881
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Interest Rate
6.6%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 21, 2022
Sold by
1 J & R Rentals Llc
Bought by
Hubert Mitchel
Purchase Details
Closed on
Mar 16, 2020
Sold by
Mr 9Th Avenue Llc
Bought by
1 J & R Rentals Llc
Purchase Details
Closed on
Dec 27, 2012
Sold by
Peoples Bank Of Kankakee Cnty
Bought by
Mr 9Th Av Llc
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 | $171,000 | Old Republic Title | |
| Deed | -- | None Listed On Document | |
| Warranty Deed | $120,000 | Homestar Title | |
| Quit Claim Deed | -- | Regas Neeley P | |
| Grant Deed | $30,000 | Kankakee Cnty Title & Tr |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $115,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/09/2025 12/09/25 | Sold | $170,550 | -12.5% | -- |
| 10/21/2025 10/21/25 | Pending | -- | -- | -- |
| 09/23/2025 09/23/25 | For Sale | $194,900 | -- | -- |
Source: Midwest Real Estate Data (MRED)
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 | $3,032 | $25,649 | $2,138 | $23,511 |
| 2023 | $2,922 | $22,850 | $1,905 | $20,945 |
| 2022 | $2,718 | $20,000 | $1,667 | $18,333 |
| 2021 | $2,834 | $20,000 | $1,667 | $18,333 |
| 2020 | $2,925 | $20,000 | $1,667 | $18,333 |
| 2019 | $2,997 | $20,000 | $1,667 | $18,333 |
| 2018 | $3,117 | $20,000 | $1,667 | $18,333 |
| 2017 | $3,569 | $20,000 | $1,667 | $18,333 |
| 2016 | $3,412 | $20,000 | $1,667 | $18,333 |
| 2015 | $3,230 | $20,000 | $1,667 | $18,333 |
| 2014 | $5,601 | $36,000 | $1,667 | $34,333 |
| 2013 | -- | $36,000 | $1,667 | $34,333 |
Source: Public Records
Agents Affiliated with this Home
-
Paul Kirkpatrick
-
Antony Toledo
A
Buyer's Agent in 2025
Antony Toledo
Realty of America, LLC
(815) 325-5012
2 in this area
6 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12479360
APN: 16-17-06-222-018
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