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Kankakee 60901
2647 E Riverview Drive
$225,000
● House - Off Market

2647 E Riverview Drive

Kankakee, IL 60901
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,554 Ft²
$1,472
Est. Monthly
11.93%
Cap Rate

About This Property

Fantastic opportunity for you to own this one story home with four bedrooms and two bathrooms. Updates include new roof 2020, new furnace 2015, new water heater 2015, new water softener, 2021, remodeled kitchen and master bathroom 2018 and remodeled main bathroom 2024. The owners have thoroughly enjoyed this property for 20 years. They enjoy sitting at the dining room table with the sliding door open to catch the breeze off the spacious patio. Delightful beautiful view of the large backyard.  Large laundry room, conveniently located off the garage.  Extra large driveway, to hold cars for family and friend gatherings. At the end of Riverview Dr there is an access to the Kankakee River. Today for your private showing.
Unit Size
1,554 Ft²
Days on Market
-
Land Size
0.54 acres
Price per sqft
$147
Property Type
House
Property Taxes
$347
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 #11993051)

Price History

Date / Event Date Event Price
Jun 28, 2024 Sold
Premium
Sold
May 13, 2024 Listed by Berkshire Hathaway HomeServices Speckman Realty $229,000
Listed by Berkshire Hathaway HomeServices Speckman Realty

Property Highlights

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: 23,800
  • 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: ROYAL OAKS SUB
  • Land Acres: 0000000546
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: ROYAL OAKS SUB E 60' LOT 6 & LOT 7 22-30-13W

Neighborhood

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

Zoning

  • Zoning: R1

Geography

  • District: 13
  • Parcel: 13-17-22-205-006
  • Lot: 6,7
  • Municipality: OTTO
  • Latitude: 41.0709
  • Longitude: -87.8176

    Address

  • Full Address: 2647 E Riverview Dr
  • Address - House Number: 2647
  • Street Direction: E
  • Address - Street Name: Riverview
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Kankakee
  • Carrier Code: R001
  • 4-Digit Zip Code: 7178
  • Zip Code: 60901

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $416,694
  • Tax Rate Code Area: 13001

    Appraisal Valuation

  • Standard Deviation: 0.2147
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 70
  • Final Value: 220,976
  • High Value: 268,441
  • Low Value: 173,511

    Market Valuation

  • Market Total Value: $180,717
  • Market Land Value: $36,033
  • Market Improvement Value: $144,684

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $60,239
  • Assessed Land Value: $12,011
  • Assessed Improvements Value: $48,228

    Exemptions

  • Homeowner Exemption: Yes
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

1748 ft²

Average Home Age

56.6 years

Currently For Sale

212 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: Lisa Sanford, Berkshire Hathaway HomeServices Speckman Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11993051
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 2647 East Riverview Drive built and last sold?
The property at 2647 East Riverview Drive was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 2647 East Riverview Drive is $232,125.
What are some comparable homes to 2647 East Riverview Drive?
There are currently no comparable homes to 2647 East Riverview Drive.
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