$199,900

560 S 5th Ave Kankakee, IL 60901

Estimated payment $1,374/month

Total Views 84
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

Fully occupied 5-unit building with off street parking. Each unit has 1 bedroom, 1 bath and separate utilities. 4 units have gas heat and 3 units have central ac, the 5th unit has electric heat and window ac unit. Very productive unit and seller is motivated, will entertain all offers.

Listing Agent

Frank Tripodi

Ultimate Realty Brokerage Svs License #471003718 Listed on: 08/12/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,418

Year Built

  • Built in 1910

Utilities

  • Central Air
  • Window Unit Cooling System
  • Heating System Uses Gas

Additional Features

  • 3-Story Property
  • Lot Dimensions are 50 x 145 x 50 x 150

Community Details

  • 5 Units
  • Gross Income $2,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,418

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Other
  • Stories: 3
  • Year Built: 1910
  • Built Before 1978 (Y/N): Yes
  • Information: 48-Hr Notice Required
  • Estimated Age: Older
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished
  • Refrigerators: 5
  • Ranges: 5
  • Number of Windows: 2
  • Room: 3
  • Room: 3
  • Room: 0

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 199900

Utilities

  • Cooling: Central Air, Window Unit(s)
  • Heat/Ventilation: Gas

Condo/Co-op/Association

  • Unincorporated (Y/N): No

Fee Information

  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 50 X 145 X 50 X 150
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity, Heat
  • Board Number: 21

Multi Family

  • GrossIncome: 2500
  • NumberOfUnitsTotal: 5
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 3417.82
  • Tax Year: 2024

Map

Range of Values:

Collateral Analytics

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ICE

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Average Value
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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

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 $3,418 $28,909 $4,230 $24,679
2023 $3,293 $25,754 $3,768 $21,986
2022 $3,063 $22,542 $3,298 $19,244
2021 $2,891 $20,400 $2,985 $17,415
2020 $2,682 $18,337 $2,683 $15,654
2019 $2,556 $17,058 $2,496 $14,562
2018 $2,461 $15,794 $2,311 $13,483
2017 $2,756 $15,446 $2,260 $13,186
2016 $2,583 $15,143 $2,216 $12,927
2015 $2,495 $15,452 $2,261 $13,191
2014 $2,829 $18,185 $2,261 $15,924
2013 -- $22,285 $2,355 $19,930
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2025 08/12/25 For Sale $199,900 +640.4% --
01/29/2016 01/29/16 Sold $27,000 -58.4% --
12/14/2015 12/14/15 Pending -- -- --
02/14/2014 02/14/14 For Sale $64,900 -- --
Source: Midwest Real Estate Data (MRED)

Purchase History

Date Type Sale Price Title Company
Grant Deed $27,000 Kankakee Cnty Title & Tr
Source: Public Records

Source: Midwest Real Estate Data (MRED)

MLS Number: 12444948

Midwest Real Estate Data (MRED)

APN: 16-17-06-221-006