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Kankakee 60901
1189 N Chicago Avenue
$92,000
● House - Off Market

1189 N Chicago Avenue

Kankakee, IL 60901
bedrooms
3 Beds
bathrooms
1 Bath
square feet
988 Ft²
$595
Est. Monthly
26.57%
Cap Rate

About This Property

BUYER FINANCING FELL THROUGH! Appraised ABOVE current asking price. Get a second chance! Move in to this renovated ranch style home that will surprise you upon entry! Newer hardwood floors throughout main level. Renovated kitchen, bathroom and a partially finished basement that will fit your entertainment needs! 3 bedrooms and 1 full bathroom. Newer roof, windows, systems, and appliances. Due to the reason for the sale, property is being sold as-is. FHA/VA welcome.
Unit Size
988 Ft²
Days on Market
-
Land Size
-
Price per sqft
$100
Property Type
House
Property Taxes
$108
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 #12106063)

Price History

Date / Event Date Event Price
Dec 4, 2024 Sold
Premium
Sold
Oct 10, 2024 In contract -
In contract
Sep 12, 2024 Relisted $99,000
Relisted
Jul 28, 2024 In contract -
In contract
Jul 17, 2024 Listed by McColly Bennett Real Estate $92,000
Listed by McColly Bennett Real Estate

Property Highlights

Parking Available

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: 4,849
  • 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: OLD FAIR SUB
  • Land Acres: 0000000111
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: OLD FAIR SUB LOT 11 32-31-12E

Neighborhood

  • School District Name: Kankakee School District 111
  • Census Tract: 011600

Geography

  • District: 16
  • Parcel: 16-09-32-224-013
  • Lot: 11
  • Municipality: KANKAKEE
  • Latitude: 41.1331
  • Longitude: -87.8561

    Address

  • Full Address: 1189 N Chicago Ave
  • Address - House Number: 1189
  • Street Direction: N
  • Address - Street Name: Chicago
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Kankakee
  • Carrier Code: C019
  • 4-Digit Zip Code: 2132
  • Zip Code: 60901

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $110,356
  • Tax Rate Code Area: 16003

    Appraisal Valuation

  • Standard Deviation: 0.2171
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 70
  • Final Value: 58,094
  • High Value: 70,710
  • Low Value: 45,477

    Market Valuation

  • Market Total Value: $48,399
  • Market Land Value: $3,945
  • Market Improvement Value: $44,454

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $16,133
  • Assessed Land Value: $1,315
  • Assessed Improvements Value: $14,818

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 20, 2012
  • Current Sale Recording Date: Mar 26, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 36
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:

$160,000

Sale Price/ft²

$119

Below Asking

0.03%

Average Days on Market

66

Average Home Size

1343 ft²

Average Home Age

91.3 years

Currently For Sale

52 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

Unit for rent at 495 W River Street, Bourbonnais, IL, 60914

$2,500 /mo

  • 4 Beds
  • 2 Baths
  • 1,715 ft²
495 W River Street, Bourbonnais, IL, 60914 Listing by Kim Van Ordstrand

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Norman Gaskin, McColly Bennett Real Estate
Last Updated: 2 years ago
Data Source: MRED, MLS# 12106063
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 1189 North Chicago Avenue built and last sold?
The property at 1189 North Chicago Avenue was built in and last sold on Mar 20, 2012 for $27,166.
How much is this home worth?
The estimated value of the home located at 1189 North Chicago Avenue is $0.
What are some comparable homes to 1189 North Chicago Avenue?
There are currently no comparable homes to 1189 North Chicago Avenue.
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