NOT LISTED FOR SALE

818 S 3rd Ave Kankakee, IL 60901

Estimated Value: $151,000 - $259,575

8 Beds
4 Baths
-- Sq Ft
6,098 Sq Ft Lot

Last Sold February 03, 2021

Last sale price $175,260

Est. 24% increase in value since last sale

Current estimated payment $1,403/month

7 Days on Market

Highlights

  • Balcony
  • Entrance Foyer
  • Baseboard Heating
  • Patio
  • Property is near a bus stop

About This Home

As of February 2021

WELL-MAINTAINED all brick 4-unit apartment building in desirable West Kankakee! All units are 2BR, 1 bath, and approximately 650 sq ft. Tenants pay electric, and landlord pays water/sewer/scavenger. FULLY LEASED. Coin-operated laundry facility in building for additional income. Nice courtyard with patio & lawn. [BONUS: covered parking + individual storage units.] Great location - right across from Jeffers Park & the River. A TERRIFIC investment opportunity - come and see! (c)2020

Last Agent to Sell the Property

Susan Fisher

Coldwell Banker Realty License #475133610 Listed on: 12/07/2020

Coldwell Banker Realty

Last Buyer's Agent

John Kozlar

Illinois Real Estate Partners Inc License #475191787

Illinois Real Estate Partners Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,054

Year Built | Renovated

  • 1974 | 2008

Lot Details

  • 6,098

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Shingled Roof

Interior Spaces

  • Entrance Foyer
  • Finished Basement
  • Basement Fills Entire Space Under The House

Parking

  • Parking Available
  • Alley Access
  • Off Alley Parking
  • Parking Included in Price
  • Assigned Parking

Outdoor Features

  • Balcony
  • Patio

Additional Features

  • Property is near a bus stop
  • Baseboard Heating

Community Details

  • Common Area

Listing and Financial Details

  • $3,505 Seller Concession

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,054

Year Built | Renovated

1974 | 2008

Lot Details

0

Listing Details

  • Property Type: Two to Four Units
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service, Commuter Bus, Commuter Train, Interstate Access
  • Recent Rehab: Yes
  • Age: 41-50 Years
  • Full Bathrooms: 4
  • Ownership: Fee Simple
  • Rehab Year: 2008
  • Total Full or Half Bathrooms: 4
  • Zoning Type: SINGL
  • Repairs Decor Expense: 3493
  • Estimated Year Built: 1974
  • Other Addl Income: Coin Laundry
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1974
  • Year Renovated: 2008

Interior Features

  • Number Of Rooms: 16
  • Equipment: TV-Cable, CO Detectors, Ceiling Fan, Sump Pump, Multiple Water Heaters
  • Basement: Full
  • Basement: Finished
  • Bedrooms All Levels: 8
  • Above Grade Bedrooms: 8
  • Additional Rooms: Foyer

Exterior Features

  • Foundation: Block
  • Lot Size: Less Than .25 Acre
  • Exterior Building Type: Brick
  • Roof Type: Asphalt/Glass (Shingles)
  • Exterior Property Features: Balcony, Patio
  • Acreage: 0.14

Garage/Parking

  • Number of Cars: 4
  • Parking: Space/s
  • Parking Details: Assigned Spaces, Off Alley, Alley Access
  • Number Parking Spaces: 4
  • Parking On Site: Yes
  • Parking Included In Price: Yes
  • Parking Ownership: Owned

Utilities

  • Water: Public
  • Sewer: Sewer-Public
  • Heating Fuel: Electric, Baseboard
  • Water Expense: 1541

Fee Information

  • Electricity Expense: 465
  • Insurance Expense: 2720
  • Janitorial Fee: 178
  • Gross Expenses: 2850

Schools

  • School District: 111
  • Elementary School: Taft Primary School
  • Middle School: John Kennedy Middle Grade School
  • High School: Kankakee High School
  • Junior High Dist: 111

Lot Info

  • Lot Dimensions: 40X150
  • Lot Description: Common Grounds, Sidewalks, Streetlights
  • Parcel Identification Number: 16170641102500

Rental Info

  • Gross Rental Income: 33240
  • Total Rental Income: 31800

Multi Family

  • Total Number Unitsin Building: 4
  • Full Baths In Building: 4

Tax Info

  • Taxes: 5275.72

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 7, 2020
Closed on
Feb 3, 2021
Sold by
Arelius Washington Jr and Arelius Dana L
Bought by
Palacios Luis Alejandro and Palacios Eva Esmeralda
Seller's Agent
Susan Fisher
Coldwell Banker Realty
Buyer's Agent
John Kozlar
Illinois Real Estate Partners Inc
List Price
$170,000
Sold Price
$175,260
Premium/Discount to List
$5,260
3.09%
Current Estimated Value
$216,583

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,323
Avg. Annual Appreciation
4.73%
Original Mortgage
$131,445
Outstanding Balance
$119,681
Interest Rate
3.13%
Mortgage Type
New Conventional
Estimated Equity
$96,286

Purchase Details

Closed on
Sep 4, 2007
Sold by
Ader Michael J and Ader Dolores
Bought by
Washington Dana L and Arelius Washington
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
Palacios Luis Alejandro $175,260 Standard Title
Washington Dana L $214,000 Homestar Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Palacios Luis Alejandro $131,445
Closed Washington Dana L $160,170
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/03/2021 02/03/21 Sold $175,260 +3.1% --
12/14/2020 12/14/20 Pending -- -- --
12/07/2020 12/07/20 For Sale $170,000 -- --
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 $7,054 $59,667 $4,510 $55,157
2023 $6,797 $53,156 $4,018 $49,138
2022 $6,322 $46,526 $3,517 $43,009
2021 $5,967 $42,105 $3,183 $38,922
2020 $5,536 $37,847 $2,861 $34,986
2019 $5,276 $35,206 $2,661 $32,545
2018 $5,080 $32,598 $2,464 $30,134
2017 $5,689 $31,881 $2,410 $29,471
2016 $5,332 $31,256 $2,363 $28,893
2015 $5,728 $35,473 $2,411 $33,062
2014 $6,132 $39,415 $2,411 $37,004
2013 -- $42,327 $2,511 $39,816
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10948076

Midwest Real Estate Data (MRED)

APN: 16-17-06-411-025