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Kankakee 60901
1131 S 8th Avenue
$137,500
● House - Off Market

1131 S 8th Avenue

Kankakee, IL 60901
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,710 Ft²
$153,392
RealtyHop Estimate
5.86%
Since Feb 1, 2023
National-US
Primary Model

About This Property

Very spacious four bedroom two full bathroom with one car attached garage! Come inside to a large dining area with two huge picture windows letting in plenty of natural sunlight. Continue into the kitchen featuring solid wood kitchen cabinets and all appliances included! Continue down into the massive living area great for hosting. The living area has updated hardwood flooring. Two of the bedrooms including the master reside on the main floor. The other two bedrooms reside on the second floor. Each floor of the home has its own full bathroom! This home features a large partially finished basement. The exterior has all-new roof siding and Vinyl windows throughout. This home also has Newer HVAC. Property sold as is scheduled for your private showing today
Unit Size
1,710 Ft²
Days on Market
-
Land Size
-
Price per sqft
$85
Property Type
House
Property Taxes
-
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 #11650533)

Price History

Date / Event Date Event Price
Jan 13, 2023 Sold
Premium
Sold
Oct 11, 2022 Listed by Exclusive Realtors $144,900
Listed by Exclusive Realtors

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: 8,081
  • 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: KNOLLWOOD SUB
  • Land Acres: 0000000185
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: KNOLLWOOD SUB LOT 8 06-30-13W

Neighborhood

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

Geography

  • District: 16
  • Parcel: 16-17-06-310-006
  • Lot: 8
  • Municipality: KANKAKEE
  • Latitude: 41.1086
  • Longitude: -87.8788

    Address

  • Full Address: 1131 S 8th Ave
  • Address - House Number: 1131
  • Street Direction: S
  • Address - Street Name: 8th
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Kankakee
  • Carrier Code: C013
  • 4-Digit Zip Code: 4750
  • Zip Code: 60901

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 16003

    Market Valuation

  • Market Total Value: $137,499
  • Market Land Value: $12,942
  • Market Improvement Value: $124,557

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $45,833
  • Assessed Land Value: $4,314
  • Assessed Improvements Value: $41,519

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 13, 2023
  • Current Sale Recording Date: Jan 18, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 537
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

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: Paul Kirkpatrick, Exclusive Realtors
Last Updated: 3 years ago
Data Source: MRED, MLS# 11650533
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 1131 South 8th Avenue built and last sold?
The property at 1131 South 8th Avenue was built in and last sold on Jan 13, 2023 for $137,500.
How much is this home worth?
The estimated value of the home located at 1131 South 8th Avenue is $148,856.
What are some comparable homes to 1131 South 8th Avenue?
There are currently no comparable homes to 1131 South 8th Avenue.
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