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Kankakee 60901
157 W Chestnut Street
$30,000
● House - Off Market

157 W Chestnut Street

Kankakee, IL 60901
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,260 Ft²
$39,752
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

Investment opportunity! 3 bed 1 bath with a bonus room! All this home needs is a little bit of carpet and paint and you are ready to go! Live in it or rent it out and make some money. This home has a large living area and an eat-in kitchen. Off the kitchen is the bathroom featuring a newer tub surround. 2 of the 3 bedrooms are on the main floor. The remaining bedroom and bonus room are located on the second floor. Updates include updated vinyl windows throughout the whole house, a Newer furnace, PVC water lines/drains, and the house has updated electrical with breakers, not fuses. Take a look for yourself and schedule your private showing today.
Unit Size
1,260 Ft²
Days on Market
-
Land Size
-
Price per sqft
$32
Property Type
House
Property Taxes
$160
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 #11820464)

Price History

Date / Event Date Event Price
Oct 13, 2023 Sold
Premium
Sold
Jun 29, 2023 Listed by Exclusive Realtors $39,900
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: 3,250
  • 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: ASSOCIATES ADD
  • Land Acres: 0000000074
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: ASSOCIATES ADDN E 32'6" LOT 9-10 BLK 92 32-31-12E

Neighborhood

  • School District Name: Kankakee School District 111
  • Census Tract: 011700

Geography

  • District: 16
  • Parcel: 16-09-32-316-006
  • Block: 92
  • Lot: 9-10
  • Municipality: KANKAKEE
  • Latitude: 41.1234
  • Longitude: -87.8664

    Address

  • Full Address: 157 W Chestnut St
  • Address - House Number: 157
  • Street Direction: W
  • Address - Street Name: Chestnut
  • Address - Suffix Type: St
  • State: IL
  • City Name: Kankakee
  • Carrier Code: C019
  • 4-Digit Zip Code: 3751
  • Zip Code: 60901

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $191,848
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 16003

    Appraisal Valuation

  • Standard Deviation: 0.263
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 62
  • Final Value: 46,953
  • High Value: 59,297
  • Low Value: 34,608

    Market Valuation

  • Market Total Value: $48,390
  • Market Land Value: $3,021
  • Market Improvement Value: $45,369

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $16,130
  • Assessed Land Value: $1,007
  • Assessed Improvements Value: $15,123

    Sales

  • Current Sale Contract Date: Oct 13, 2023
  • Current Sale Recording Date: Oct 18, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 10167
  • Previous Sale Recording Date: May 05, 2023
  • Previous Sale Contract Date: May 05, 2023
  • Previous Sale Amount: $24,749
  • 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:

$159,944

Sale Price/ft²

$119

Below Asking

0.03%

Average Days on Market

64

Average Home Size

1141 ft²

Average Home Age

92.1 years

Currently For Sale

57 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

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MRED

Listed by: Paul Kirkpatrick, Exclusive Realtors
Last Updated: 3 years ago
Data Source: MRED, MLS# 11820464
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 157 West Chestnut Street built and last sold?
The property at 157 West Chestnut Street was built in and last sold on Oct 13, 2023 for $30,000.
How much is this home worth?
The estimated value of the home located at 157 West Chestnut Street is $0.
What are some comparable homes to 157 West Chestnut Street?
There are currently no comparable homes to 157 West Chestnut Street.
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