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Kankakee 60901
2718 E Heritage Drive
$229,995
● House - Off Market

2718 E Heritage Drive

Kankakee, IL 60901
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,650 Ft²
$240,314
RealtyHop Estimate
4.49%
Since Mar 1, 2023
National-US
Primary Model

About This Property

UNIQUE PROPERTY WITH SEPARATE CHARMING COTTAGE YOU WILL FALL IN LOVE WITH!          3 bed 2 bath beautiful, well maintained, all brick ranch includes a seldom found separate heated and air conditioned cottage.  Multiple use for any age. Primary suite bath includes a water closet, shower and large soaking tub w trayed ceiling. Living Rm, Dining Rm, open concept kitchen with large sky light. Family room includes a gas fireplace. Sun drenched all season room with a vaulted ceiling and skylights. Maintenance free deck and enormous paver patio featuring beautiful gardens, a large shed on a concrete floor and fenced in backyard.  Home has its own generator in case of power outages. ONE OF A KIND MUST SEE HOME.
Unit Size
1,650 Ft²
Days on Market
-
Land Size
-
Price per sqft
$139
Property Type
House
Property Taxes
$395
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 #11699449)

Price History

Date / Event Date Event Price
Feb 23, 2023 Sold
Premium
Sold
Jan 12, 2023 No longer available -
No longer available
Jan 11, 2023 Listed by Dream Town Realty $229,995
Listed by Dream Town Realty
Dec 4, 2022 Relisted $229,995
Relisted
Oct 27, 2022 In contract -
In contract
Show More

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: 15,675
  • 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: 0000000359
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: ROLLINGWOOD SUB LOT 23 22-30-13W

Neighborhood

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

Zoning

  • Zoning: R1

Geography

  • District: 13
  • Parcel: 13-17-22-205-022
  • Lot: 23
  • Municipality: OTTO
  • Latitude: 41.0715
  • Longitude: -87.8163

    Address

  • Full Address: 2718 E Heritage Dr
  • Address - House Number: 2718
  • Street Direction: E
  • Address - Street Name: Heritage
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Kankakee
  • Carrier Code: R001
  • 4-Digit Zip Code: 7126
  • Zip Code: 60901

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $495,898
  • Tax Rate Code Area: 13001

    Appraisal Valuation

  • Standard Deviation: 0.111
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 88
  • Final Value: 222,929
  • High Value: 247,540
  • Low Value: 198,318

    Market Valuation

  • Market Total Value: $227,367
  • Market Land Value: $31,992
  • Market Improvement Value: $195,375

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $75,789
  • Assessed Land Value: $10,664
  • Assessed Improvements Value: $65,125

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 16, 2023
  • Current Sale Recording Date: Feb 24, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1640
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

54

Average Home Size

1734 ft²

Average Home Age

57.2 years

Currently For Sale

211 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: Craig Cardosi, Dream Town Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11699449
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 2718 East Heritage Drive built and last sold?
The property at 2718 East Heritage Drive was built in and last sold on Feb 16, 2023 for $229,995.
How much is this home worth?
The estimated value of the home located at 2718 East Heritage Drive is $234,896.
What are some comparable homes to 2718 East Heritage Drive?
There are currently no comparable homes to 2718 East Heritage Drive.
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