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Kankakee 60901
1540 W Hickory Street
$65,000
● House - Off Market

1540 W Hickory Street

Kankakee, IL 60901
bedrooms
2 Beds
bathrooms
1 Bath
square feet
770 Ft²
$522
Est. Monthly
23.52%
Cap Rate

About This Property

WEST KANKAKEE - 2 BEDROOM/1 BATH HOME FOR SALE - Recently Rehabbed, move-in ready home.  Great as an investment rental or owner occupied residence!  Conveniently located in West Kankakee near major thoroughfares, shopping centers, and downtown Kankakee. Call Today!
Unit Size
770 Ft²
Days on Market
-
Land Size
-
Price per sqft
$91
Property Type
House
Property Taxes
$178
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 #12060884)

Price History

Date / Event Date Event Price
Sep 9, 2024 Sold
Premium
Sold
Aug 9, 2024 In contract -
In contract
Jul 9, 2024 Price Decreased $70,000
↓ $5K (6.7%)
Price Decreased
Jun 19, 2024 Relisted $75,000
Relisted
May 20, 2024 Listed by McColly Bennett Real Estate $79,000
Listed by McColly Bennett Real Estate

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: 3,750
  • 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: WEST KANKAKEE 2ND ADD
  • Land Acres: 0000000086
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: WEST KANKAKEE 2ND ADDN W 75' LOT 1 BLK 41 06-30-13W

Neighborhood

  • School District Name: Kankakee School District 111
  • Census Tract: 012100

Geography

  • District: 16
  • Parcel: 16-17-06-108-008
  • Block: 41
  • Lot: 1
  • Municipality: KANKAKEE
  • Latitude: 41.1172
  • Longitude: -87.8863

    Address

  • Full Address: 1540 W Hickory St
  • Address - House Number: 1540
  • Street Direction: W
  • Address - Street Name: Hickory
  • Address - Suffix Type: St
  • State: IL
  • City Name: Kankakee
  • Carrier Code: C017
  • 4-Digit Zip Code: 3232
  • Zip Code: 60901

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $169,046
  • Tax Rate Code Area: 16003

    Appraisal Valuation

  • Standard Deviation: 0.2147
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 70
  • Final Value: 52,657
  • High Value: 63,968
  • Low Value: 41,346

    Market Valuation

  • Market Total Value: $50,163
  • Market Land Value: $12,660
  • Market Improvement Value: $37,503

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $16,721
  • Assessed Land Value: $4,220
  • Assessed Improvements Value: $12,501

    Sales

  • Current Sale Contract Date: May 26, 2023
  • Current Sale Recording Date: Jun 12, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 5270
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

0.02%

Average Days on Market

65

Average Home Size

1323 ft²

Average Home Age

90 years

Currently For Sale

52 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: Jay Tamblyn, McColly Bennett Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 12060884
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 1540 West Hickory Street built and last sold?
The property at 1540 West Hickory Street was built in and last sold on May 26, 2023 for $500,000.
How much is this home worth?
The estimated value of the home located at 1540 West Hickory Street is $0.
What are some comparable homes to 1540 West Hickory Street?
There are currently no comparable homes to 1540 West Hickory Street.
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