751 N 5th Ave Kankakee, IL 60901
Estimated payment $15,108/month
About This Home
For Sale - 32 Unit Property in a great area of Kankakee. The units are all 2 Bed/1 Bath & the building is fully electric, with tenants paying heat, and in unit electric. Landlord is responsible for the water, sewer, garbage and common electric. All of the electric panels have been recently upgraded.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $37,794
Year Built
- Built in 1976
Lot Details
- 1.68 Acre Lot
- Lot Dimensions are 300x200
Interior Spaces
- 2-Story Property
- Exterior Basement Entry
Utilities
- Baseboard Heating
- Separate Meters
Community Details
Overview
- 32 Units
Building Details
- Electric Expense $7,000
- Insurance Expense $25,000
- Maintenance Expense $16,000
- Manager Expense $16,045
- Other Expense $5,000
- Trash Expense $5,500
- Water Sewer Expense $27,000
- Operating Expense $139,339
- Gross Income $335,292
- Net Operating Income $181,563
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2025 | $37,795 | $319,681 | $31,806 | $287,875 |
| 2024 | $37,795 | $319,681 | $31,806 | $287,875 |
| 2023 | $40,876 | $319,681 | $31,806 | $287,875 |
| 2022 | $43,441 | $319,681 | $31,806 | $287,875 |
| 2021 | $45,306 | $319,681 | $31,806 | $287,875 |
| 2020 | $46,758 | $319,681 | $31,806 | $287,875 |
| 2019 | $47,905 | $319,681 | $31,806 | $287,875 |
| 2018 | $49,815 | $319,681 | $31,806 | $287,875 |
| 2017 | $57,047 | $319,681 | $31,806 | $287,875 |
| 2016 | $54,532 | $319,681 | $31,806 | $287,875 |
| 2015 | $57,359 | $355,201 | $31,806 | $323,395 |
| 2014 | $55,260 | $355,201 | $31,806 | $323,395 |
| 2013 | -- | $355,201 | $31,806 | $323,395 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/24/2026 03/24/26 | Pending | -- | -- | -- |
| 03/09/2026 03/09/26 | For Sale | $2,240,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12586998
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.
Based on information submitted to the MLS GRID. 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.
Based on information submitted to the MLS GRID
- 863 W Williams St
- 975 W Park Dr
- 485 W Mulberry St
- 337 N 6th Ave
- 356 W Cypress St
- 261 N 6th Ave
- 229 N 6th Ave
- 595 W Bridge St
- 312 Stone St
- 1305 Oaktree Ln
- 194 N Entrance Ave
- 1340 Lennington Cir NE
- 143 N Entrance Ave
- 117 N Entrance Ave
- 241 N West Ave
- 203 N West Ave
- 732 N Dearborn Ave
- 123 S Alma Ave
- 750 Bishop Ct
- 273 S 3rd Ave Unit 275
Ask me questions while you tour the home.