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Kankakee 60901
2818 W State Route 17
$190,000
● House - Off Market

2818 W State Route 17

Kankakee, IL 60901
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,500 Ft²
$212,071
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

Newly renovated all brick ranch in Limestone (Herscher School District), This is a move in ready home, new paint, carpet, flooring, updated kitchen and open concept to the dining room, lots of custom cabinets and counter space, new carpet in the bedrooms, and an updated bathroom with a luxury vanity. 1.5 car attached garage that leads you into the mudroom and laundry room area, BONUS 2.5 car detached garage/shop with a extended and large driveway. The home has a large deck and yard, and a sunroom off the back of the home, no detail left undone, in this spacious 2 bedroom 1 bath ranch home, the living room area is very spacious and bright come and see it.  Make an appointment to see it before its gone! 2 bedroom 1 bath.
Unit Size
1,500 Ft²
Days on Market
-
Land Size
-
Price per sqft
$133
Property Type
House
Property Taxes
$269
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #11658522)

Price History

Date / Event Date Event Price
Dec 1, 2022 Sold
Premium
Sold
Oct 21, 2022 Listed by Chicago Residential Experts $199,900
Listed by Chicago Residential Experts

Property Highlights

Air Conditioning

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: 17,500
  • 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: HOLMES 2ND
  • Land Acres: 0000000401
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: HOLMES 2ND SUB LOT 2 02-30-14W

Neighborhood

  • School District Name: Herscher Community Unit School District 2
  • Census Tract: 012200

Zoning

  • Zoning: R1

Geography

  • District: 7
  • Parcel: 07-16-02-102-002
  • Lot: 2
  • Municipality: LIMESTONE
  • Latitude: 41.118
  • Longitude: -87.9228

    Address

  • Full Address: 2818 W State Route 17
  • Address - House Number: 2818
  • Street Direction: W
  • Address - Street Name: State Route 17
  • State: IL
  • City Name: Kankakee
  • Carrier Code: R006
  • 4-Digit Zip Code: 7965
  • Zip Code: 60901

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $328,404
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 7002

    Appraisal Valuation

  • Standard Deviation: 0.263
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 62
  • Final Value: 157,182
  • High Value: 198,507
  • Low Value: 115,857

    Market Valuation

  • Market Total Value: $189,978
  • Market Land Value: $11,940
  • Market Improvement Value: $178,038

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $63,326
  • Assessed Land Value: $3,980
  • Assessed Improvements Value: $59,346

    Sales

  • Current Sale Contract Date: Dec 01, 2022
  • Current Sale Recording Date: Dec 05, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 13505
  • Previous Sale Recording Date: Jan 12, 2021
  • Previous Sale Contract Date: Dec 30, 2020
  • Previous Sale Amount: $95,000
  • Previous Sale Document Type: 33
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

$161

Below Asking

0.02%

Average Days on Market

56

Average Home Size

2047 ft²

Average Home Age

56.7 years

Currently For Sale

199 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: Kyle Geistwhite, Chicago Residential Experts
Last Updated: 3 years ago
Data Source: MRED, MLS# 11658522
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 2818 West State Rte 17 built and last sold?
The property at 2818 West State Rte 17 was built in and last sold on Dec 1, 2022 for $190,000.
How much is this home worth?
The estimated value of the home located at 2818 West State Rte 17 is $0.
What are some comparable homes to 2818 West State Rte 17?
There are currently no comparable homes to 2818 West State Rte 17.
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