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1548 South 5th Avenue

1548 South 5th Avenue, Kankakee, IL 60901
Property in Kankakee
Sold Oct 12, 2023
$98,000
$89,721 by Midland States Bank
Mortgage Due Oct 01, 2053
Sold Nov 02, 2012
$59,000
$57,824 by Coldwell Banker Hm Lns
Mortgage Due Dec 01, 2042
This has been categorized as a residential property type. In total, the area measurement of the land is 7,500 square feet.

Learn more about the property and building on this page. The property was last sold in Sep 26, 2023 for $98,000. Prior to that sales transaction, the property was also sold in Nov 2, 2012 for $59,000. 1548 South 5th Avenue was last assessed in 2023. The total value of the property was assessed at $33,006. Specifically, the land the property is located on was valued at $4,391. While improvements on the property were assessed at a total of $28,615. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $3,119. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,500
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RAY SUB
  • Land Acres: 0.172
  • Standard Land Use Code: Single family residential (assumed)
  • Legal Description 1: RAY SUB LOT 5 BLK 2 07-30-13W

Ownership

  • Current Owner : MUNRO RAY J
  • Current Owner 2: MUNRO SHAWNA R
  • Previous Owner : NICKELL SARAH
  • Owner Before Previous Owner: KOLBERG MICHAEL A
  • Owner Before Previous Owner 2: KOLBERG MARCIE L
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

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

Geography

  • District: 16
  • Parcel: 16-17-07-215-005
  • Block: 2
  • Lot: 5
  • Municipality: KANKAKEE
  • Latitude: 41.1025
  • Longitude: -87.8745

    Address

  • Full Address: 1548 S 5th Ave
  • Address - House Number: 1548
  • Street Direction: S
  • Address - Street Name: 5th
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Kankakee
  • Carrier Code: C012
  • 4-Digit Zip Code: 4828
  • Zip Code: 60901

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,119
  • Tax Rate Code Area: 16003

    Appraisal Valuation

  • Standard Deviation: 0.263
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 62
  • Final Value: 105,357
  • High Value: 133,057
  • Low Value: 77,657

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $99,721
  • First Open Lien Mortgage Lender: MIDLAND STATES BANK
  • First Open Lien Mortgage Recording Date: Oct 12, 2023
  • First Open Lien Mortgage Loan Amount: $89,721
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2053
  • Second Open Lien Mortgage Lender: ILLINOIS HOUSING DEVELOPMENT A
  • Second Open Lien Mortgage Recording Date: Oct 12, 2023
  • Second Open Lien Mortgage Loan Amount: $10,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Oct 01, 2053

    Market Valuation

  • Market Total Value: $99,018
  • Market Land Value: $13,173
  • Market Improvement Value: $85,845

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $33,006
  • Assessed Land Value: $4,391
  • Assessed Improvements Value: $28,615

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 26, 2023
  • Current Sale Recording Date: Oct 12, 2023
  • Current Sale Transaction ID: 11914372489
  • Current Sale Price: $98,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 9871
  • Previous Sale Recording Date: Nov 02, 2012
  • Previous Sale Contract Date: Nov 02, 2012
  • Previous Sale Amount: $59,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: MIDLAND STATES BANK
  • First Mortgage Transaction Date: Oct 12, 2023
  • First Mortgage Loan Amount: $89,721
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Oct 01, 2053
  • Second Mortgage Lender: ILLINOIS HOUSING DEVELOPMENT A
  • Second Mortgage Transaction Date: Oct 12, 2023
  • Second Mortgage Loan Amount: $10,000
  • Second Mortgage Terms: 30
  • Second Mortgage Loan Type: New Conventional
  • Second Mortgage Loan Due Date: Oct 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: COLDWELL BANKER HM LNS
  • Previous Mortgage Transaction Date: Nov 02, 2012
  • Previous Mortgage Loan Amount: $57,824
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Dec 01, 2042

About Kankakee



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$995 /mo

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1745 E Duane Boulevard #1745, Kankakee, IL, 60901 Listing by Travis Wilson

Frequently Asked Questions

What neighborhood is 1548 South 5th Avenue located in?
The 1548 South 5th Avenue is a located in the neighborhood of Kankakee in Kankakee, Kankakee.
What is the average sales price for listings in 1548 South 5th Avenue?
The average sales price for units in 1548 South 5th Avenue is $0 currently.

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