NOT LISTED FOR SALE

554 E Bourbonnais St Kankakee, IL 60901

Estimated Value: $105,000 - $158,000

5 Beds
3 Baths
-- Sq Ft
2,962 Sq Ft Lot

Last Sold October 13, 2021

Last sale price $48,000

Est. 173% increase in value since last sale

Current estimated payment $1,031/month

457 Days on Market

About This Home

As of October 2021

KANKAKEE 2 FLAT CLOSE TO DOWNTOWN - FOR SALE! GREAT INVESTMENT OPPORTUNITY! 1ST FLOOR UNIT IS 2 BEDROOM W/1 BATH W/WASHER & DRYER HOOK-UPS IN BASEMENT. UPSTAIRS UNIT IS 3BR W/2 FULL BATHS w/WASHER & DRYER HOOK UP!! Tenants pay Gas & Electric. Owner pays water & sewer. There are two adjacent homes also listed at this time by the same owner, so there are a total of 7 units available, all right next to each other! Look up MLS #s 10748513 and 10748524 to see the neighboring properties! Financials available upon request! PROPERTY NEEDS WORK! Properties can be purchased as a package along with MLS #s: 10748509, 10748511, 10748520, 10748523, 10748527!! NOTE: CALL ME FOR SELLER FINANCING TERMS FOR ENTIRE 7 PACKAGE PORTFOLIO!!! SERIOUS INQUIRIES ONLY!! SOLD AS IS!!!!

Last Agent to Sell the Property

Brenda Ervin

Coldwell Banker Realty License #475153918 Listed on: 06/16/2020

Coldwell Banker Realty

Last Buyer's Agent

Brenda Ervin

Coldwell Banker Realty License #475153918 Listed on: 06/16/2020

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,802

Year Built

  • 1910

Lot Details

  • 2,962

Home Design

  • Frame Construction

Parking

  • Uncovered Parking
  • On-Site Parking
  • Parking Included in Price

Additional Features

  • Unfinished Basement

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,802

Year Built

1910

Lot Details

0

Listing Details

  • Property Type: Two to Four Units
  • Property Type: Residential Income
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Directions: River Street to S. Chicago, North one block to E. Bourbonnais
  • Lot Size: 50X60
  • New Construction: No
  • Ownership: Fee Simple
  • MRD_AP1: None
  • MRD_AP2: None
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1910

Interior Features

  • Has Basement: Full
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • Full Bathrooms: 3
  • Possible Bedrooms: 5
  • Total Bedrooms: 5

Exterior Features

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

Garage/Parking

  • Parking Features: Off Street
  • Number of Cars: 4
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned
  • Total Parking Spaces: 4

Utilities

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

Condo/Co-op/Association

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

Schools

  • Junior High Dist: 111

Lot Info

  • Lot Size: Less Than .25 Acre
  • Special Assessments: N
  • Zoning: MULTI

Rental Info

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

Multi Family

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

Tax Info

  • Tax Exemptions: None
  • Tax Annual Amount: 2942.88
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2020
Closed on
Oct 13, 2021
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
$48,000
Premium/Discount to List
-$10,000
-17.24%
Current Estimated Value
$131,064

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,064
Avg. Annual Appreciation
30.86%
Original Mortgage
$38,000
Outstanding Balance
$35,026
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$100,164
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mwangangi Abednego K $48,000 Burnet Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mwangangi Abednego K $38,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/13/2021 10/13/21 Sold $48,000 -17.2% --
09/16/2021 09/16/21 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 $3,802 $31,507 $2,844 $28,663
2023 $3,664 $28,069 $2,534 $25,535
2022 $3,358 $24,568 $2,218 $22,350
2021 $3,171 $22,233 $2,007 $20,226
2020 $2,943 $19,985 $1,804 $18,181
2019 $2,805 $18,591 $1,678 $16,913
2018 $2,700 $17,214 $1,554 $15,660
2017 $3,021 $16,835 $1,520 $15,315
2016 $2,832 $16,505 $1,490 $15,015
2015 $2,736 $16,841 $1,520 $15,321
2014 $2,930 $18,713 $1,520 $17,193
2013 -- $19,492 $1,583 $17,909
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10748519

Midwest Real Estate Data (MRED)

APN: 16-17-05-123-011