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
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.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
- 838 N Rosewood Ave
- 470 N Greenwood Ave
- 480 E Birch St
- 309 N Greenwood Ave
- 732 N Dearborn Ave
- 1221 E Chestnut St
- 257 N Hobbie Ave
- 455 N Indiana Ave
- 215 N Rosewood Ave
- 432 N Dearborn Ave
- 163 N Rosewood Ave
- 729 N Webster Cir W
- 323 N Illinois Ave
- 152 S Greenwood Ave
- 458 N Washington Ave
- 301 N West Ave
- 238 N Fairmont Ave
- 312 S Evergreen Ave Unit 314
- 453 S Dearborn Ave
- 241 N West Ave
- 263 N Wildwood Ave Unit 2
- 263 N Wildwood Ave
- 746 N Schuyler Ave
- 942 N Schuyler Ave Unit 2
- 343 S Harrison Ave Unit 343
- 250 N Entrance Ave Unit 5A
- 250 N Entrance Ave Unit 3A
- 435 S Poplar Ave
- 200 N Crestlane Dr
- 283 S Michigan Ave
- 390 E Broadway St
- 243 S 5th Ave Unit 243
- 1534 E Broadway St
- 319 S 5th Ave
- 319 S 5th Ave Unit 1
- 554 W Station St
- 600 W Station St Unit 600
- 1304 E North St
- 1735 E Duane Blvd Unit 4
- 454 Francis St