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Kankakee 60901
1557 S 3rd Avenue
$29,000
● House - Off Market

1557 S 3rd Avenue

Kankakee, IL 60901
bedrooms
2 Beds
bathrooms
1 Bath
$34,804
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Welcome to this charming listing that offers a delightful 2-bedroom, 1-bath mobile home with a 2 car detached garage situated on its very own lot, ensuring you will not have to worry about any monthly lot fees. This cozy mobile home possesses a unique and endearing appeal, although it would benefit from some updates to enhance its overall aesthetic. With its own lot, you will have the freedom to personalize and transform this mobile home into a true gem, tailored to your specific tastes and preferences. Seize the opportunity to create a cozy and inviting space within a tranquil neighborhood while enjoying the freedom and flexibility of homeownership. Home is being sold as-is. Call today for your private showing!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$1
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 #11823328)

Price History

Date / Event Date Event Price
Aug 22, 2023 Sold
Premium
Sold
Jul 5, 2023 Listed by RE/MAX Prestige Homes $35,000
Listed by RE/MAX Prestige Homes

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: RAY SUB
  • Land Acres: 0000000172
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: RAY SUB LOT 11 BLK 1 07-30-13W

Neighborhood

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

Geography

  • District: 16
  • Parcel: 16-17-07-216-014
  • Block: 1
  • Lot: 11
  • Municipality: KANKAKEE
  • Latitude: 41.1023
  • Longitude: -87.8723

    Address

  • Full Address: 1557 S 3rd Ave
  • Address - House Number: 1557
  • Street Direction: S
  • Address - Street Name: 3rd
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Kankakee
  • Carrier Code: C012
  • 4-Digit Zip Code: 4916
  • Zip Code: 60901

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $816
  • Tax Rate Code Area: 16003

    Appraisal Valuation

  • Standard Deviation: 0.263
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 62
  • Final Value: 33,154
  • High Value: 41,870
  • Low Value: 24,437

    Market Valuation

  • Market Total Value: $31,467
  • Market Land Value: $13,173
  • Market Improvement Value: $18,294

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $10,489
  • Assessed Land Value: $4,391
  • Assessed Improvements Value: $6,098

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 22, 2023
  • Current Sale Recording Date: Aug 22, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7924
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

1383 ft²

Average Home Age

90.6 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

Unit for rent at 250 N Entrance Avenue, Kankakee, IL, 60901

$850 /mo

  • 1 Bed
  • 1 Bath
  • 700 ft²
250 N Entrance Avenue #8B, Kankakee, IL, 60901 Listing by Travis Wilson

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Elizabeth Barbosa, RE/MAX Prestige Homes
Last Updated: 3 years ago
Data Source: MRED, MLS# 11823328
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 1557 South 3rd Avenue built and last sold?
The property at 1557 South 3rd Avenue was built in and last sold on Aug 22, 2023 for $29,000.
How much is this home worth?
The estimated value of the home located at 1557 South 3rd Avenue is $0.
What are some comparable homes to 1557 South 3rd Avenue?
There are currently no comparable homes to 1557 South 3rd Avenue.
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