NOT LISTED FOR SALE

555 S Alma Ave Kankakee, IL 60901

Estimated Value: $166,000 - $224,000

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

Last Sold January 20, 2017

Last sale price $32,000

Est. 508% increase in value since last sale

Current estimated payment $1,511/month

6 Days on Market

Highlights

  • 2 Car Detached Garage
  • Heating System Uses Steam
  • 3-minute walk to River Road Park

About This Home

As of January 2017

Great Investment Opportunity! This property has 2 units. 1st story unit has a living room, kitchen, full bath and 3 bedrooms. The 2nd story unit has a living room, kitchen, full bath and 1 bedroom.

Last Agent to Sell the Property

Michelle Janczak

Pease Real Estate License #471000232 Listed on: 11/29/2016

Last Buyer's Agent

Petranka Nenova

McColly Rosenboom - B License #475132982

McColly Rosenboom  - B

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1938

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50 x 150

Parking

  • 2 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Vinyl Siding

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 3 Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Steam
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1938

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1938
  • Age: 71-80 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove
  • MRD_AppliancesAndFeatures: Stove

Exterior Features

  • List Price: 29000
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Steam, Natural Gas
  • Water Source: Public

Schools

  • Middle/Junior School District: 111

Lot Info

  • Lot Size Acres: 0.17
  • Lot Dimensions: 50 X 150
  • Zoning: SINGL
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 21

Tax Info

  • Tax Annual Amount: 4980.02
  • Tax Year: 2015
  • Tax Exemptions: None

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 29, 2016
Closed on
Jan 20, 2017
Sold by
Cahill Alta M
Bought by
Gomez Louis
Seller's Agent
Michelle Janczak
Pease Real Estate
Buyer's Agent
Petranka Nenova
McColly Rosenboom - B
List Price
$29,000
Sold Price
$32,000
Premium/Discount to List
$3,000
10.34%
Current Estimated Value
$194,650

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$162,650
Avg. Annual Appreciation
23.30%
Original Mortgage
$118,441
Outstanding Balance
$58,993
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$135,191
Source: Public Records

Range of Values:

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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
Gomez Louis -- Homestar Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gomez Louis $118,441
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/20/2017 01/20/17 Sold $32,000 +10.3% --
12/05/2016 12/05/16 Pending -- -- --
11/29/2016 11/29/16 For Sale $29,000 -- --
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 $5,414 $51,797 $5,634 $46,163
2023 $5,133 $46,144 $5,019 $41,125
2022 $4,673 $40,389 $4,393 $35,996
2021 $4,330 $36,552 $3,976 $32,576
2020 $3,928 $32,856 $3,574 $29,282
2019 $3,681 $30,564 $3,325 $27,239
2018 $3,475 $28,300 $3,079 $25,221
2017 $4,939 $27,677 $3,011 $24,666
2016 $4,629 $27,134 $2,952 $24,182
2015 $4,980 $30,839 $3,012 $27,827
2014 $4,798 $30,839 $3,012 $27,827
2013 -- $32,124 $3,138 $28,986
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09396471

Midwest Real Estate Data (MRED)

APN: 16-17-06-117-013