NOT LISTED FOR SALE

554 E Bourbonnais St Kankakee, IL 60901

Kankakee Area

Estimated Value: $129,465

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

Sale Details

Date Sold: October 13, 2021

Last sale price $48,000

Est. 170% increase in value since last sale

Current estimated payment $840 / mo

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
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Property Details

Home Type

  • Multi-Family

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

Year Built

1910

Lot Details

2,962 Sq Ft Lot

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: 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

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

Listed on
Jun 16, 2020
Closed on
Oct 13, 2021
Sold by
Bought by
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
$129,465

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,465
Avg. Annual Appreciation
22.70%
Original Mortgage
$38,000
Outstanding Balance
$33,969
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$95,496
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Kankakee, IL

  • Erica Cuneen Real Estate Agent - Beyond Properties Realty Group

    Erica Cuneen

    Beyond Properties Realty Group

    (630) 757-8294

    311 Total Sales

    1 in Kankakee

    $320,000 Price

    Erica Cuneen
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  • Tom Wawczak Real Estate Agent - Century 21 Coleman-Hornsby

    Tom Wawczak

    Century 21 Coleman-Hornsby

    (815) 524-0163

    285 Total Sales

    2 in Kankakee

    $250K - $260K Price Range

    Tom Wawczak
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  • Leanne Provost Real Estate Agent - Berkshire Hathaway HomeServices Speckman Realty

    Leanne Provost

    Berkshire Hathaway HomeServices Speckman Realty

    (815) 923-3758

    190 Total Sales

    27 in Kankakee

    $26K - $275K Price Range

    Leanne Provost
     Section Image
  • Lynn Randazzo Real Estate Agent - Berkshire Hathaway HomeServices Speckman Realty

    Lynn Randazzo

    Berkshire Hathaway HomeServices Speckman Realty

    (815) 524-0198

    114 Total Sales

    22 in Kankakee

    $9K - $295K Price Range

    Lynn Randazzo
     Section Image
  • Dawn Olson Real Estate Agent - McColly Real Estate

    Dawn Olson

    McColly Real Estate

    (815) 620-5017

    168 Total Sales

    20 in Kankakee

    $9K - $346K Price Range

    Dawn Olson
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  • Ernestina Preciado Real Estate Agent - RE/MAX 10

    Ernestina Preciado

    RE/MAX 10

    (708) 998-4209

    167 Total Sales

    1 in Kankakee

    $48,500 Price

    Ernestina Preciado
     Section Image
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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
$48,000 Burnet Title
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
Open $38,000
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
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

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 $3,981 $35,761 $3,228 $32,533
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

  • Brenda Ervin Real Estate Agent - Coldwell Banker Realty

    Seller's Agent in 2021

    Brenda Ervin

    Coldwell Banker Realty

    (815) 685-0106

    66 Total Sales

    Brenda Ervin
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10748519

Midwest Real Estate Data (MRED)

APN: 16-17-05-123-011

Illinois Kankakee County Kankakee 60901

554 E Bourbonnais St, 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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