751 N 5th Ave Kankakee, IL 60901
Estimated payment $15,249/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
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 | $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
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 |
|---|---|---|---|---|
| 03/24/2026 03/24/26 | Pending | -- | -- | -- |
| 03/09/2026 03/09/26 | For Sale | $2,240,000 | -- | -- |
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $1,900,000 | Chicago Title | |
| Trustee Deed | $1,475,000 | Chicago Title | |
| Grant Deed | $1,460,000 | -- |
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 | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $1,425,000 | New Conventional | |
| Closed | $1,140,000 | New Conventional |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12586998
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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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Ask me questions while you tour the home.