NOT LISTED FOR SALE

706 S Chicago Ave Unit 708 Kankakee, IL 60901

Estimated Value: $156,000 - $182,470

3 Beds
2 Baths
-- Sq Ft
5,358 Sq Ft Lot

Last Sold January 19, 2016

Last sale price $79,000

Est. 115% increase in value since last sale

Current estimated payment $1,102/month

22 Days on Market

Highlights

  • Victorian Architecture
  • Screened Porch
  • 1 Car Detached Garage
  • Corner Lot
  • Fenced Yard
  • Home Security System

About This Home

As of January 2016

Great 2 unit property in the Riverview Historic District! Lovely tree lined streets make this extra homey, not to mention the close proximity to the Frank Llyod Wright home, Cobb Park, Kankakee River, and walking trails. Flooring replaced in 2015, but both units have original hardwood underneath. Adorable enclosed porch off of 1st floor unit. A detached 1 car garage, full basement, and walk up attic leaves lots of room for storage. Great home for investment, to live in and rent the other, or could even be turned back to single family. Roof and furnaces replaced in 2013. Seller may consider rent to own or VA assumption loan. Owner lives in one unit and rents other out. With LL rented at $750/mo, building could net over $12,000/ year.

Last Agent to Sell the Property

Allison Ascher

Coldwell Banker Realty License #475159237 Listed on: 10/19/2015

Coldwell Banker Realty

Last Buyer's Agent

Karla Adams

Coldwell Banker Realty License #475159883

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,369

Year Built

  • Built in 1912

Lot Details

  • Lot Dimensions are 60x90
  • Fenced Yard
  • Corner Lot
  • Paved or Partially Paved Lot

Parking

  • 1 Car Detached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Victorian Architecture
  • Frame Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Ceiling Fan
  • Screened Porch
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Bathrooms

Home Security

  • Home Security System
  • Door Monitored By TV
  • Storm Screens
  • Carbon Monoxide Detectors

Outdoor Features

  • Patio

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units
  • Net Operating Income $1,716

Listing and Financial Details

  • Homeowner Tax Exemptions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,369

Year Built

Built in 1912

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Victorian
  • New Construction: No
  • Year Built: 1912
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Interstate Access,Historical District
  • Rehab (Y/N): Yes
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Other Equipment: Security System, CO Detectors, Ceiling Fan(s)
  • Room Type: Enclosed Porch
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Microwave,Central Air Conditioner,Garage/Space,Hardwood Floors,Walk-In Closet
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave,Central Air Conditioner,Laundry Hook-Up,Hardwood Floors,Walk-In Closet

Exterior Features

  • ExteriorFeatures: Patio, Porch, Porch Screened, Brick Paver Patio, Storms/Screens, Door Monitored By TV
  • Foundation Details: Concrete Perimeter
  • List Price: 84900
  • Lot Features: Corner Lot, Fenced Yard
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Frame

Garage/Parking

  • Garage Spaces: 1
  • ParkingTotal: 1
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved

Schools

  • Middle/Junior School District: 111

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 60X90
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 21
  • Is Parking Included in Price: Yes

Multi Family

  • Net Operating Income: 1716
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 3369
  • Tax Year: 2014
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2015
Closed on
Jan 19, 2016
Sold by
Armstrong Donald D
Bought by
Terry Fortino and Perez Peter
Seller's Agent
Allison Ascher
Coldwell Banker Realty
Buyer's Agent
Karla Adams
Coldwell Banker Realty
List Price
$84,900
Sold Price
$79,000
Premium/Discount to List
-$5,900
-6.95%
Current Estimated Value
$170,136

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,136
Avg. Annual Appreciation
8.24%
Source: Public Records

Range of Values:

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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

Purchase History

Date Buyer Sale Price Title Company
Terry Fortino $79,000 Burnet Title Llc
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/19/2016 01/19/16 Sold $79,000 -6.9% --
11/10/2015 11/10/15 Pending -- -- --
10/19/2015 10/19/15 For Sale $84,900 -0.1% --
04/25/2014 04/25/14 Sold $85,000 -9.6% --
03/19/2014 03/19/14 Pending -- -- --
03/17/2014 03/17/14 Price Changed $93,987 0.0% --
03/17/2014 03/17/14 For Sale $93,987 0.0% --
09/22/2013 09/22/13 For Sale $93,987 -- --
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 $5,706 $48,116 $7,914 $40,202
2023 $5,498 $42,865 $7,050 $35,815
2022 $5,116 $37,519 $6,171 $31,348
2021 $4,830 $33,954 $5,585 $28,369
2020 $4,482 $30,520 $5,020 $25,500
2019 $4,271 $28,391 $4,670 $23,721
2018 $4,112 $26,288 $4,324 $21,964
2017 $3,529 $25,710 $4,229 $21,481
2016 $3,288 $25,206 $4,146 $21,060
2015 $3,196 $25,721 $4,231 $21,490
2014 $3,370 $25,721 $4,231 $21,490
2013 -- $26,792 $4,407 $22,385
Source: Public Records

Agents Affiliated with this Home

  • Allison Ascher

    Seller's Agent in 2016

    Allison Ascher

    Coldwell Banker Realty

    (815) 298-4097

    360 Total Sales

    Section Image
  • Karla Adams

    Buyer's Agent in 2016

    Karla Adams

    Coldwell Banker Realty

    (815) 644-0077

    35 Total Sales

    Section Image
  • Berry McCracken

    Seller's Agent in 2014

    Berry McCracken

    Coldwell Banker Realty

    (815) 954-7761

    242 Total Sales

    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09067437

Midwest Real Estate Data (MRED)

APN: 16-17-05-408-001

Illinois Kankakee County Kankakee 60901

706 S Chicago Ave Unit 708, Kankakee, IL

This home is located at 706 S Chicago Ave Unit 708, Kankakee, IL 60901 since 19 October 2015 and is currently estimated at $166,118. This property was built in 1912. 706 S Chicago Ave Unit 708 is a home located in Kankakee County with nearby schools including Steuben Elementary School, Kennedy Middle Grade School, and Kankakee Junior High School.

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