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Kankakee 60901
1515 E Cedar Street
$62,000
● House - Off Market

1515 E Cedar Street

Kankakee, IL 60901
bedrooms
2 Beds
bathrooms
1 Bath
square feet
790 Ft²
$433
Est. Monthly
26.45%
Cap Rate

About This Property

Great investment opportunity! Turnkey two bed one bath with a full basement! Move-in ready! This home is located in Kankakee and close to Interstate 57. The property was completely remodeled in 2022. The Remodel included updated, plumbing, electrical, a new furnace, all new flooring and paint throughout! The home also includes refinished kitchen cabinets, counters, and updated vinyl windows throughout. This house is fully financeable and ready to go. Schedule your private showing today!
Unit Size
790 Ft²
Days on Market
-
Land Size
-
Price per sqft
$78
Property Type
House
Property Taxes
$129
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 #11890433)

Price History

Date / Event Date Event Price
Jan 23, 2024 Sold
Premium
Sold
Sep 20, 2023 Listed by Exclusive Realtors $62,000
Listed by Exclusive Realtors

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: 5,537
  • 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: RESUB HOBBIE HEIGHTS ADD
  • Land Acres: 0000000127
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: RESUB HOBBIE HEIGHTS ADDN BLK 26 LOT 1 33-31-12E

Neighborhood

  • School District Name: Kankakee School District 111
  • Census Tract: 011500

Geography

  • District: 16
  • Parcel: 16-09-33-203-015
  • Block: 26
  • Lot: 1
  • Municipality: KANKAKEE
  • Latitude: 41.1259
  • Longitude: -87.8448

    Address

  • Full Address: 1515 E Cedar St
  • Address - House Number: 1515
  • Street Direction: E
  • Address - Street Name: Cedar
  • Address - Suffix Type: St
  • State: IL
  • City Name: Kankakee
  • Carrier Code: C024
  • 4-Digit Zip Code: 2679
  • Zip Code: 60901

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $154,200
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 16003

    Appraisal Valuation

  • Standard Deviation: 0.111
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 88
  • Final Value: 61,136
  • High Value: 67,886
  • Low Value: 54,387

    Market Valuation

  • Market Total Value: $38,868
  • Market Land Value: $2,949
  • Market Improvement Value: $35,919

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $12,956
  • Assessed Land Value: $983
  • Assessed Improvements Value: $11,973

    Sales

  • Current Sale Contract Date: Jan 22, 2024
  • Current Sale Recording Date: Jan 30, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 821
  • Previous Sale Recording Date: May 16, 2022
  • Previous Sale Contract Date: May 13, 2022
  • Previous Sale Amount: $9,000
  • Previous Sale Document Type: 71
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

Rentals Near You

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MRED

Listed by: Paul Kirkpatrick, Exclusive Realtors
Last Updated: 3 years ago
Data Source: MRED, MLS# 11890433
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 1515 East Cedar Street built and last sold?
The property at 1515 East Cedar Street was built in and last sold on Jan 22, 2024 for $62,000.
How much is this home worth?
The estimated value of the home located at 1515 East Cedar Street is $63,861.
What are some comparable homes to 1515 East Cedar Street?
There are currently no comparable homes to 1515 East Cedar Street.
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