924 E Willow St Kankakee, IL 60901
Estimated payment $5,473/month
About This Home
!!PART OF A PORTFOLIO. MUST BUY **12-UNIT 163 N ROSEWOOD AVE. KANAKEE.** This newly renovated 11-unit multifamily property offers a strong unit mix and modern appeal. The building features ten spacious 2-bedroom units and one oversized 4-bedroom unit, all thoughtfully updated with contemporary finishes throughout. All units have undergone recent renovations, including upgraded kitchens and bathrooms, new flooring, new windows, fresh paint, NEW ROOF, significantly reducing near-term capital expenditure requirements. The renovations position the property to command market rents while minimizing turnover and maintenance costs.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,040
Year Built
- Built in 1975
Home Design
- Garden Apartment
Additional Features
- 2-Story Property
- Courtyard
- Heating Available
Community Details
Overview
- 11 Units
Building Details
- Electric Expense $5,800
- Insurance Expense $7,500
- Maintenance Expense $5,500
- Other Expense $1,500
- Trash Expense $2,688
- Water Sewer Expense $9,510
- Operating Expense $54,833
- Gross Income $147,180
- Net Operating Income $164,058
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 |
|---|---|---|---|---|
| 2024 | $7,725 | $65,340 | $2,826 | $62,514 |
| 2023 | $8,480 | $65,340 | $2,826 | $62,514 |
| 2022 | $8,879 | $65,340 | $2,826 | $62,514 |
| 2021 | $9,260 | $65,340 | $2,826 | $62,514 |
| 2020 | $9,557 | $65,340 | $2,826 | $62,514 |
| 2019 | $9,791 | $65,340 | $2,826 | $62,514 |
| 2018 | $10,182 | $65,340 | $2,826 | $62,514 |
| 2017 | $11,660 | $65,340 | $2,826 | $62,514 |
| 2016 | $11,146 | $65,340 | $2,826 | $62,514 |
| 2015 | $11,724 | $72,600 | $2,826 | $69,774 |
| 2014 | $11,295 | $72,600 | $2,826 | $69,774 |
| 2013 | -- | $72,600 | $2,826 | $69,774 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/26/2026 01/26/26 | Price Changed | $860,860 | -52.2% | -- | |
| 01/20/2026 01/20/26 | For Sale | $1,800,000 | +990.9% | -- | |
| 03/01/2016 03/01/16 | Sold | $165,000 | -48.3% | -- | View Prior Sale |
| 12/30/2015 12/30/15 | Pending | -- | -- | -- | |
| 01/21/2015 01/21/15 | For Sale | $319,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12554596
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