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Kankakee 60901
1384 S 4TH Avenue
$167,400
● House - Off Market

1384 S 4TH Avenue

Kankakee, IL 60901
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,302 Ft²
$1,246
Est. Monthly
13.70%
Cap Rate

About This Property

This charming 3-bedroom, 2-bath home with a bonus room is move-in ready and packed with updates. Located in the highly desirable West Kankakee area, the home features a modern exterior with updated vinyl siding, newer windows, and a fenced-in backyard. Inside, you'll find a bright, open living space with freshly painted walls and new flooring throughout. The kitchen is fully updated with solid wood cabinetry, ceramic tile, and all-new appliances. Two bedrooms are conveniently located on the main level, while the third bedroom and bonus room are upstairs. The large, partially finished basement includes an added bathroom, perfect for extra living space or entertaining. Don't miss your chance to see this home-schedule a private tour today!
Unit Size
1,302 Ft²
Days on Market
-
Land Size
-
Price per sqft
$136
Property Type
House
Property Taxes
$374
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 #12205757)

Price History

Date / Event Date Event Price
Mar 12, 2025 Sold
Premium
Sold
Mar 4, 2025 In contract -
In contract
Feb 19, 2025 Relisted $177,400
Relisted
Dec 29, 2024 In contract -
In contract
Nov 24, 2024 Price Decreased $177,400
↓ $3K (1.4%)
Price Decreased
Show More

Property Highlights

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: SWANNELLS SUB
  • Land Acres: 0000000172
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: F SWANNELLS SUB OF NEQ LOT 10 BLK 2 07-30-13W

Neighborhood

  • School District Name: Kankakee School District 111
  • Census Tract: 012500

Geography

  • District: 16
  • Parcel: 16-17-07-204-010
  • Block: 2
  • Lot: 10
  • Municipality: KANKAKEE
  • Latitude: 41.1047
  • Longitude: -87.8731

    Address

  • Full Address: 1384 S 4th Ave
  • Address - House Number: 1384
  • Street Direction: S
  • Address - Street Name: 4th
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Kankakee
  • Carrier Code: C012
  • 4-Digit Zip Code: 4929
  • Zip Code: 60901

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $417,974
  • Tax Rate Code Area: 16003

    Appraisal Valuation

  • Standard Deviation: 0.2147
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 70
  • Final Value: 117,080
  • High Value: 142,228
  • Low Value: 91,931

    Market Valuation

  • Market Total Value: $105,315
  • Market Land Value: $13,179
  • Market Improvement Value: $92,136

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $35,105
  • Assessed Land Value: $4,393
  • Assessed Improvements Value: $30,712

    Sales

  • Current Sale Contract Date: Dec 18, 2008
  • Current Sale Recording Date: Jan 15, 2009
  • 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

$120

Below Asking

0.03%

Average Days on Market

67

Average Home Size

1385 ft²

Average Home Age

91.5 years

Currently For Sale

51 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

Rentals Near You

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MRED

Listed by: Paul Kirkpatrick, Exclusive Realtors
Last Updated: 2 years ago
Data Source: MRED, MLS# 12205757
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 1384 South 4th Avenue built and last sold?
The property at 1384 South 4th Avenue was built in and last sold on Dec 18, 2008 for $68,000.
How much is this home worth?
The estimated value of the home located at 1384 South 4th Avenue is $0.
What are some comparable homes to 1384 South 4th Avenue?
There are currently no comparable homes to 1384 South 4th Avenue.
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