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Kankakee 60901
2576 E Heritage Drive
$240,000
● House - Off Market

2576 E Heritage Drive

Kankakee, IL 60901
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,550 Ft²
$265,494
RealtyHop Estimate
12.55%
Since Nov 1, 2021
National-US
Primary Model

About This Property

Welcome to this beautiful, 3 bedroom, 2. 5 bath charming home that is ready for its new owner. As you enter this home you are greeted by warm hardwood floors.  The kitchen has an abundance of cabinets, extra counter space, and a dining area.  The lovely floor plan is open and inviting.  Sit by the fireplace or enjoy nature as you sit in your sunroom, over looking your fenced in backyard.  This house is also equipped with a two and half car garage, a dog run, shed, a french drain in the basement, and a whole house generator. This is a must-see home. Look no further; your dream home awaits.
Unit Size
1,550 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$152
Property Type
House
Property Taxes
$435
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 #11193965)

Price History

Date / Event Date Event Price
Oct 6, 2021 Sold
Premium
Sold
Aug 18, 2021 Listed by Village Realty, Inc. $235,900
Listed by Village Realty, Inc.

Property Highlights

Garage
Air Conditioning
Fireplace

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: 15,246
  • 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: ROLLINGWOOD SUB
  • Land Acres: 0000000350
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: ROLLINGWOOD SUB LOT 31 22-30-13W

Neighborhood

  • School District Name: Kankakee School District 111
  • Census Tract: 012600

Zoning

  • Zoning: R1

Geography

  • District: 13
  • Parcel: 13-17-22-205-014
  • Lot: 31
  • Municipality: OTTO
  • Latitude: 41.0714
  • Longitude: -87.8191

    Address

  • Full Address: 2576 E Heritage Dr
  • Address - House Number: 2576
  • Street Direction: E
  • Address - Street Name: Heritage
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Kankakee
  • Carrier Code: R001
  • 4-Digit Zip Code: 7123
  • Zip Code: 60901

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $559,098
  • Tax Rate Code Area: 13001

    Appraisal Valuation

  • Standard Deviation: 0.1932
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 74
  • Final Value: 281,229
  • High Value: 335,457
  • Low Value: 227,002

    Market Valuation

  • Market Total Value: $235,938
  • Market Land Value: $31,992
  • Market Improvement Value: $203,946

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $78,646
  • Assessed Land Value: $10,664
  • Assessed Improvements Value: $67,982

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 06, 2021
  • Current Sale Recording Date: Oct 13, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 14419
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:

$235,000

Sale Price/ft²

$160

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1755 ft²

Average Home Age

56.8 years

Currently For Sale

210 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: Joseph Dunn, Village Realty, Inc.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11193965
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 2576 East Heritage Drive built and last sold?
The property at 2576 East Heritage Drive was built in and last sold on Oct 6, 2021 for $240,000.
How much is this home worth?
The estimated value of the home located at 2576 East Heritage Drive is $0.
What are some comparable homes to 2576 East Heritage Drive?
There are currently no comparable homes to 2576 East Heritage Drive.
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