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Kankakee 60901
1055 W Station Street
$110,000
● House - Off Market

1055 W Station Street

Kankakee, IL 60901
bedrooms
2 Beds
bathrooms
2 Baths
square feet
828 Ft²
$621
Est. Monthly
16.58%
Cap Rate

About This Property

2 bedrooms and 2 baths.  Loft upstairs. Basement.  2 car detached garage.  Fenced in yard.  Right next door to the Dairy Queen on Station St. in West Kankakee.  Home is being sold as is. Home is set up for an estate sale and that is why there are no interior photos.
Unit Size
828 Ft²
Days on Market
-
Land Size
-
Price per sqft
$133
Property Type
House
Property Taxes
$80
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: 2 years ago (MRED MLS #12013211)

Price History

Date / Event Date Event Price
May 31, 2024 Sold
Premium
Sold
Mar 27, 2024 Listed by Coldwell Banker Realty $110,000
Listed by Coldwell Banker Realty

Property Highlights

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: 6,500
  • 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: WEST KANKAKEE 4TH ADD
  • Land Acres: 0000000149
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: WEST KANKAKEE 4TH ADDN LOT 22 BLK 2 31-31-12E

Neighborhood

  • School District Name: Kankakee School District 111
  • Census Tract: 012100

Geography

  • District: 16
  • Parcel: 16-09-31-410-022
  • Block: 2
  • Lot: 22
  • Municipality: KANKAKEE
  • Latitude: 41.119
  • Longitude: -87.8798

    Address

  • Full Address: 1055 W Station St
  • Address - House Number: 1055
  • Street Direction: W
  • Address - Street Name: Station
  • Address - Suffix Type: St
  • State: IL
  • City Name: Kankakee
  • Carrier Code: C017
  • 4-Digit Zip Code: 3446
  • Zip Code: 60901

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $96,102
  • Tax Rate Code Area: 16003

    Appraisal Valuation

  • Standard Deviation: 0.2288
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 68
  • Final Value: 112,780
  • High Value: 138,588
  • Low Value: 86,972

    Market Valuation

  • Market Total Value: $92,199
  • Market Land Value: $15,057
  • Market Improvement Value: $77,142

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $30,733
  • Assessed Land Value: $5,019
  • Assessed Improvements Value: $25,714

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes
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:

$162,500

Sale Price/ft²

$120

Below Asking

0.02%

Average Days on Market

66

Average Home Size

1316 ft²

Average Home Age

91 years

Currently For Sale

49 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: Dawn Olson, Coldwell Banker Realty
Last Updated: 2 years ago
Data Source: MRED, MLS# 12013211
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 1055 West Station Street built and last sold?
The property at 1055 West Station Street was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1055 West Station Street is $110,180.
What are some comparable homes to 1055 West Station Street?
There are currently no comparable homes to 1055 West Station Street.
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