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Kankakee 60901
1216 S 6th Avenue
$87,000
● House - Off Market

1216 S 6th Avenue

KANKAKEE, IL 60901
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,500 Ft²
$153,339
RealtyHop Estimate
61.58%
Since Jun 1, 2017
National-US
Primary Model

About This Property

Beautiful solidall brick home in south part of Kankakee with many nice features. 3 great size bedrooms with hardwood floors, huge newer master bedroom on second floor with huge walk in closet. Great modern eat in kitchen, updated bath, full basement, newer furnace, newer windows, 2 car all brick garage, new shed. family room with wood burning fireplace (as is). This home has so many great things to offer including a 1 year home warranty to the buyers up to $500. Make your appointment today!
Unit Size
1,500 Ft²
Days on Market
-
Land Size
-
Price per sqft
$63
Property Type
House
Property Taxes
$241
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 #09505801)

Price History

Date / Event Date Event Price
May 31, 2017 Sold
Premium
Sold
Feb 16, 2017 Listed by McColly Bennett Real Estate $94,900
Listed by McColly Bennett Real Estate

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: 7,500
  • 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: SOUTH ADD
  • Land Acres: 0000000172
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: SOUTH ADDN LOT 3 BLK 42 06-30-13W

Neighborhood

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

Geography

  • District: 16
  • Parcel: 16-17-06-435-002
  • Block: 42
  • Lot: 3
  • Municipality: KANKAKEE
  • Latitude: 41.107
  • Longitude: -87.8755

    Address

  • Full Address: 1216 S 6th Ave
  • Address - House Number: 1216
  • Street Direction: S
  • Address - Street Name: 6th
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Kankakee
  • Carrier Code: C013
  • 4-Digit Zip Code: 4842
  • Zip Code: 60901

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $333,296
  • Tax Rate Code Area: 16003

    Appraisal Valuation

  • Standard Deviation: 0.2666
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 62
  • Final Value: 134,514
  • High Value: 170,363
  • Low Value: 98,665

    Market Valuation

  • Market Total Value: $104,631
  • Market Land Value: $15,057
  • Market Improvement Value: $89,574

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $34,877
  • Assessed Land Value: $5,019
  • Assessed Improvements Value: $29,858

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 23, 2017
  • Current Sale Recording Date: Jun 08, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 36

    Financing

  • First Mortgage Financing Type: FIX
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

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: , McColly Bennett Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 09505801
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 1216 South 6th Avenue built and last sold?
The property at 1216 South 6th Avenue was built in and last sold on Feb 23, 2017 for $87,000.
How much is this home worth?
The estimated value of the home located at 1216 South 6th Avenue is $100,220.
What are some comparable homes to 1216 South 6th Avenue?
There are currently no comparable homes to 1216 South 6th Avenue.
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