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Kankakee 60901
1018 S 8th Avenue
$145,000
● House - Off Market

1018 S 8th Avenue

Kankakee, IL 60901
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,200 Ft²
$142,337
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model

About This Property

All brick 3 bed 2 bath ranch with full,partially finished basement. This home features original hardwood floors on the 1st floor and pocket doors. Large living room with picture window and dining area with built-in hutch. The kitchen has a pantry closet, tile floors and room for a table or island. The three main floor bedrooms have closets and hardwood floors. The main floor bath has a built-in linen closet. The basement features the laundry area with 2nd bath with large shower. Generous sized storage room with workbench and access to your mechanicals. This home has a fenced in yard, detached 2 car garage and a back porch and patio. This property is walking distance to Small Memorial. A must see!
Unit Size
1,200 Ft²
Days on Market
-
Land Size
-
Price per sqft
$117
Property Type
House
Property Taxes
$141
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MRED MLS #11734619)

Price History

Date / Event Date Event Price
Apr 28, 2023 Sold
Premium
Sold
Mar 10, 2023 Listed by Berkshire Hathaway HomeServices Speckman Realty $139,900
Listed by Berkshire Hathaway HomeServices Speckman Realty

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,500
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SOUTH ADD
  • Land Acres: 0000000172
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: SOUTH ADDN LOT 3 BLK 24 06-30-13W

Neighborhood

  • School District Name: Kankakee School District 111
  • Census Tract: 012200

Geography

  • District: 16
  • Parcel: 16-17-06-420-002
  • Block: 24
  • Lot: 3
  • Municipality: KANKAKEE
  • Latitude: 41.1099
  • Longitude: -87.8779

    Address

  • Full Address: 1018 S 8th Ave
  • Address - House Number: 1018
  • Street Direction: S
  • Address - Street Name: 8th
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Kankakee
  • Carrier Code: C013
  • 4-Digit Zip Code: 4749
  • Zip Code: 60901

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $161,736
  • Tax Rate Code Area: 16003

    Appraisal Valuation

  • Standard Deviation: 0.2666
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 62
  • Final Value: 142,592
  • High Value: 180,594
  • Low Value: 104,590

    Market Valuation

  • Market Total Value: $116,844
  • Market Land Value: $15,057
  • Market Improvement Value: $101,787

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $38,948
  • Assessed Land Value: $5,019
  • Assessed Improvements Value: $33,929

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 26, 2023
  • Current Sale Recording Date: May 01, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 3871
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Kankakee

Stats & Trends

Median Asking:

$165,000

Sale Price/ft²

$120

Below Asking

0.02%

Average Days on Market

66

Average Home Size

1305 ft²

Average Home Age

93.4 years

Currently For Sale

46 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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MRED

Listed by: Leanne Provost, Berkshire Hathaway HomeServices Speckman Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11734619
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 listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 1018 South 8th Avenue built and last sold?
The property at 1018 South 8th Avenue was built in and last sold on Apr 26, 2023 for $145,000.
How much is this home worth?
The estimated value of the home located at 1018 South 8th Avenue is $0.
What are some comparable homes to 1018 South 8th Avenue?
There are currently no comparable homes to 1018 South 8th Avenue.
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