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Kankakee 60901
138 W Vanmeter Street
$129,000
● House - Off Market

138 W Vanmeter Street

Kankakee, IL 60901
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,084 Ft²
$856
Est. Monthly
18.85%
Cap Rate

About This Property

Discover affordable living in this beautifully updated 3-bedroom, 1-bath gem! Step into the spacious open kitchen, featuring granite countertops, modern cabinets, and sleek stainless steel appliances. Enjoy the airy feel of the open floor plan with soaring 9-foot ceilings and updates throughout. The basement offers convenient laundry facilities and ample storage space. With a new HVAC system installed in 2018 and a water heater from 2021, this home is move-in ready and designed for comfortable living. Don't miss out on this incredible opportunity for affordable, stylish living!
Unit Size
1,084 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$111
Property Type
House
Property Taxes
$267
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 #12106434)

Price History

Date / Event Date Event Price
Aug 14, 2024 Sold
Premium
Sold
Jul 14, 2024 In contract -
In contract
Jul 10, 2024 Listed by LaMore Realty $119,900
Listed by LaMore 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: 12,000
  • 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: SOUTH ADD
  • Land Acres: 0000000275
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: SOUTH ADDN LOTS 1 & 4-5 BLK 31 06-30-13W

Neighborhood

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

Geography

  • District: 16
  • Parcel: 16-17-06-432-016
  • Block: 31
  • Lot: 1,4-5
  • Municipality: KANKAKEE
  • Latitude: 41.1077
  • Longitude: -87.8692

    Address

  • Full Address: 138 W Vanmeter St
  • Address - House Number: 138
  • Street Direction: W
  • Address - Street Name: Vanmeter
  • Address - Suffix Type: St
  • State: IL
  • City Name: Kankakee
  • Carrier Code: C010
  • 4-Digit Zip Code: 5051
  • Zip Code: 60901

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $297,556
  • Tax Rate Code Area: 16003

    Appraisal Valuation

  • Standard Deviation: 0.263
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 62
  • Final Value: 106,563
  • High Value: 134,580
  • Low Value: 78,547

    Market Valuation

  • Market Total Value: $75,051
  • Market Land Value: $15,057
  • Market Improvement Value: $59,994

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $25,017
  • Assessed Land Value: $5,019
  • Assessed Improvements Value: $19,998

    Sales

  • Current Sale Contract Date: Aug 20, 2018
  • Current Sale Recording Date: Aug 21, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 9186
  • Previous Sale Recording Date: Nov 30, 2017
  • Previous Sale Amount: $16,500
  • Previous Sale Document Type: 68

    Financing

  • First Mortgage Financing Type: ADJ
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

$120

Below Asking

0.03%

Average Days on Market

67

Average Home Size

1365 ft²

Average Home Age

90.4 years

Currently For Sale

49 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: Gina LaMore, LaMore Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 12106434
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 138 West Van Meter Street built and last sold?
The property at 138 West Van Meter Street was built in and last sold on Aug 20, 2018 for $82,000.
How much is this home worth?
The estimated value of the home located at 138 West Van Meter Street is $0.
What are some comparable homes to 138 West Van Meter Street?
There are currently no comparable homes to 138 West Van Meter Street.
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