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Kankakee 60901
267 N Myrtle Avenue
$64,000
● House - Off Market

267 N Myrtle Avenue

Kankakee, IL 60901
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,200 Ft²
$434
Est. Monthly
49.42%
Cap Rate

About This Property

Don't Miss Out!!! This is an excellent opportunity to own a spacious 3 bedroom 1.5 bathroom home in the City of Kankakee. The home is in need of some work, and has a large backyard for entertaining. The property is located near schools, parks, retail, and public transportation.
Unit Size
1,200 Ft²
Days on Market
-
Land Size
-
Price per sqft
$46
Property Type
House
Property Taxes
$164
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.

Property Highlights

Garage

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: 7,250
  • 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: 0000000166
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: ASSOCIATES ADDN LOT 14 BLK 85 33-31-12E

Neighborhood

  • School District Name: Kankakee School District 111
  • Census Tract: 011600

Geography

  • District: 16
  • Parcel: 16-09-33-315-011
  • Block: 85
  • Lot: 14
  • Municipality: KANKAKEE
  • Latitude: 41.1211
  • Longitude: -87.8512

    Address

  • Full Address: 267 N Myrtle Ave
  • Address - House Number: 267
  • Street Direction: N
  • Address - Street Name: Myrtle
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Kankakee
  • Carrier Code: C029
  • 4-Digit Zip Code: 4248
  • Zip Code: 60901

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $176,166
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 16003

    Appraisal Valuation

  • Standard Deviation: 0.2171
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 70
  • Final Value: 53,258
  • High Value: 64,825
  • Low Value: 41,692

    Market Valuation

  • Market Total Value: $44,436
  • Market Land Value: $3,024
  • Market Improvement Value: $41,412

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $14,812
  • Assessed Land Value: $1,008
  • Assessed Improvements Value: $13,804
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:

$159,900

Sale Price/ft²

$120

Below Asking

0.03%

Average Days on Market

64

Average Home Size

1211 ft²

Average Home Age

93 years

Currently For Sale

55 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: Stratos Rounis, SR Realty Group Inc.
Data Source: MRED, MLS# MRD12424503
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 267 North Myrtle Avenue built and last sold?
The property at 267 North Myrtle Avenue 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 267 North Myrtle Avenue is $0.
What are some comparable homes to 267 North Myrtle Avenue?
There are currently no comparable homes to 267 North Myrtle Avenue.
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