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Kankakee 60901
1198 N Hedge Avenue
$235,000
● House - Off Market

1198 N Hedge Avenue

Kankakee, IL 60901
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,560 Ft²
$228,466
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

Nicely kept home in Vaughndale subdivision, Limestone Township. Handicap-accessible front sidewalk ramp (looks very nice aesthetically). TWO GARAGES! One is attached and the other is in the large back yard (heated) with an attic fan. 3 BEDROOMS AND 2 BATHS. Updated master bathroom features a walk-in shower.  Screened in back porch. Situated on a crawl space. Very nice neighborhood.  Check out the virtual 3D tour (not a slideshow) and the aerial drone footage of the the hoe and neighborhood. HVAC is original. Hot water heater 2018. Windows are 3 years old with a transferable warranty. Roof 2012. Flooring 5 years old.
Unit Size
1,560 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$147
Property Type
House
Property Taxes
$338
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 #11858506)

Price History

Date / Event Date Event Price
Sep 7, 2023 Sold
Premium
Sold
Aug 13, 2023 Listed by Coldwell Banker Realty $229,900
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: 17,000
  • 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: VAUGHAN DALE MDWS 5TH ADD
  • Land Acres: 0000000390
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: VAUGHN DALE MEADOWS 5TH LOT 196 26-31-11E

Neighborhood

  • School District Name: Herscher Community Unit School District 2
  • Census Tract: 010400

Zoning

  • Zoning: R1

Geography

  • District: 7
  • Parcel: 07-08-26-408-020
  • Lot: 196
  • Municipality: LIMESTONE
  • Latitude: 41.136
  • Longitude: -87.9168

    Address

  • Full Address: 1198 N Hedge Ave
  • Address - House Number: 1198
  • Street Direction: N
  • Address - Street Name: Hedge
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Kankakee
  • Carrier Code: R008
  • 4-Digit Zip Code: 7364
  • Zip Code: 60901

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $405,458
  • Tax Rate Code Area: 7002

    Appraisal Valuation

  • Standard Deviation: 0.1932
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 74
  • Final Value: 239,073
  • High Value: 285,172
  • Low Value: 192,974

    Market Valuation

  • Market Total Value: $206,418
  • Market Land Value: $16,974
  • Market Improvement Value: $189,444

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $68,806
  • Assessed Land Value: $5,658
  • Assessed Improvements Value: $63,148

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 06, 2023
  • Current Sale Recording Date: Sep 13, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 8782
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:

$235,000

Sale Price/ft²

$160

Below Asking

0.02%

Average Days on Market

54

Average Home Size

1755 ft²

Average Home Age

56 years

Currently For Sale

209 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 1317 Sioux Turn, Kankakee, IL, 60901

$2,450 /mo

  • 3 Beds
  • 2 Baths
  • 1,390 ft²
1317 Sioux Turn, Kankakee, IL, 60901 Listing by Azza Tawfik

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Dawn Olson, Coldwell Banker Realty
Last Updated: 2 years ago
Data Source: MRED, MLS# 11858506
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 1198 North Hedge Avenue built and last sold?
The property at 1198 North Hedge Avenue was built in and last sold on Sep 6, 2023 for $235,000.
How much is this home worth?
The estimated value of the home located at 1198 North Hedge Avenue is $0.
What are some comparable homes to 1198 North Hedge Avenue?
There are currently no comparable homes to 1198 North Hedge Avenue.
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