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Kankakee 60901
1075 E Bourbonnais Street
$20,000
● House - Off Market

1075 E Bourbonnais Street

Kankakee, IL 60901
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,700 Ft²
$23,000
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

SINGLE FAMILY HOME SOLD AS-IS AND READY FOR A NEW FAMILY. THIS HOME IS CORPORATE OWNED WITH A MOTIVATED SELLER. THIS IS NOT A BANK SHORT SALE OR FORECLOSURE. GREAT OPPORTUNITY FOR RESTORATION AT THIS PRICE. VACANT AND EASY TO SHOW. PLEASE INSPECT PRIOR TO SUBMITTING AN OFFER SINCE WE ARE SELLING "AS-IS". PLEASE NOTE: 0% TAX PRORATIONS ARE OFFERED, THE SELLER WILL PAY CURRENT AND ALL PRIOR TAX BUT 0% CREDIT FOR FUTURE BILLS. NO SURVEY. FOR FASTER RESPONSE PLEASE USE SELLERS CONTRACT, ADDENDUM AND DISCLOSURES UNDER ADDITIONAL DOCUMENTS.
Unit Size
1,700 Ft²
Days on Market
-
Land Size
-
Price per sqft
$14
Property Type
House
Property Taxes
$143
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 #11791972)

Price History

Date / Event Date Event Price
Nov 14, 2023 Sold
Premium
Sold
May 25, 2023 Listed by The Chicagoland RE Auction Co. $23,000
Listed by The Chicagoland RE Auction Co.

Property Highlights

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: 7,250
  • 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: WG SWANNELLS 2ND ADD
  • Land Acres: 0000000166
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: WG SWANNELLS 2ND ADDN LOT 10 BLK 2 05-30-13W

Neighborhood

  • School District Name: Kankakee School District 111
  • Census Tract: 012300

Geography

  • District: 16
  • Parcel: 16-17-05-220-019
  • Block: 2
  • Lot: 10
  • Municipality: KANKAKEE
  • Latitude: 41.114
  • Longitude: -87.8527

    Address

  • Full Address: 1075 E Bourbonnais St
  • Address - House Number: 1075
  • Street Direction: E
  • Address - Street Name: Bourbonnais
  • Address - Suffix Type: St
  • State: IL
  • City Name: Kankakee
  • Carrier Code: C006
  • 4-Digit Zip Code: 5303
  • Zip Code: 60901

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $186,168
  • Tax Rate Code Area: 16003

    Appraisal Valuation

  • Standard Deviation: 0.111
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 62
  • Final Value: 54,945
  • High Value: 69,391
  • Low Value: 40,499

    Market Valuation

  • Market Total Value: $67,521
  • Market Land Value: $11,304
  • Market Improvement Value: $56,217

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $22,507
  • Assessed Land Value: $3,768
  • Assessed Improvements Value: $18,739

    Sales

  • Current Sale Contract Date: Nov 03, 2023
  • Current Sale Recording Date: Nov 16, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 11310
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:

$159,994

Sale Price/ft²

$120

Below Asking

0.03%

Average Days on Market

66

Average Home Size

1361 ft²

Average Home Age

90.5 years

Currently For Sale

50 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: Timothy Gray, The Chicagoland RE Auction Co.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11791972
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 1075 East Bourbonnais Street built and last sold?
The property at 1075 East Bourbonnais Street was built in and last sold on Nov 3, 2023 for $20,000.
How much is this home worth?
The estimated value of the home located at 1075 East Bourbonnais Street is $0.
What are some comparable homes to 1075 East Bourbonnais Street?
There are currently no comparable homes to 1075 East Bourbonnais Street.
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