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Kankakee 60901
2954 W State Route 113
$320,000
● House - Off Market

2954 W State Route 113

Kankakee, IL 60901
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,114 Ft²
$323,080
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Beautiful home in Limestone Township - 4 bedroom, 2 bath tri level with a basement that sits on 1.19 acres and includes an outbuilding that is 22'9" x 34'10" with an 8' door. The home is fully fenced and has a gate that leads you to the home. There is a large gravel driveway leading to the outbuilding that has enough room to park. Many cars for large gatherings. Off the entry is the fourth bedroom, the attached garage or the stairs leading to the phenomenal spacious kitchen that is open to the huge family room! The kitchen has beautiful cabinetry, granite, counters, stainless appliances, and a pantry closet. The island has counter seating, large enough to fit 6 chairs and includes another bar refrigerator.Other updates include, HVAC new in 2017, new windows and siding 2020. Call today for your private showing.
Unit Size
2,114 Ft²
Days on Market
-
Land Size
1.19 acres
Price per sqft
$154
Property Type
House
Property Taxes
$556
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 #11840364)

Price History

Date / Event Date Event Price
Aug 31, 2023 Sold
Premium
Sold
Jul 23, 2023 Listed by Berkshire Hathaway HomeServices Speckman Realty $324,900
Listed by Berkshire Hathaway HomeServices Speckman Realty

Property Highlights

Parking Available
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: 52,853
  • 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: RIVERVIEW MANOR SUB
  • Land Acres: 0000001213
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: RIVERVIEW MANOR LTS 5-6 & 85' S THEREOF 23-31-11E

Neighborhood

  • School District Name: Herscher Community Unit School District 2
  • Census Tract: 010400

Geography

  • District: 7
  • Parcel: 07-08-23-300-020
  • Lot: 85,5-6
  • Municipality: LIMESTONE
  • Latitude: 41.1548
  • Longitude: -87.9307

    Address

  • Full Address: 2954 W State Route 113
  • Address - House Number: 2954
  • Street Direction: W
  • Address - Street Name: State Route 113
  • State: IL
  • City Name: Kankakee
  • Carrier Code: R002
  • 4-Digit Zip Code: 8188
  • Zip Code: 60901

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $667,744
  • Tax Rate Code Area: 7001

    Appraisal Valuation

  • Standard Deviation: 0.1932
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 74
  • Final Value: 336,743
  • High Value: 401,675
  • Low Value: 271,811

    Market Valuation

  • Market Total Value: $321,504
  • Market Land Value: $30,189
  • Market Improvement Value: $291,315

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $107,168
  • Assessed Land Value: $10,063
  • Assessed Improvements Value: $97,105

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 31, 2023
  • Current Sale Recording Date: Sep 01, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 8423
  • Previous Sale Recording Date: Feb 25, 2021
  • Previous Sale Contract Date: Feb 10, 2021
  • Previous Sale Amount: $273,000
  • Previous Sale Document Type: 71
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:

$234,900

Sale Price/ft²

$160

Below Asking

0.02%

Average Days on Market

54

Average Home Size

1865 ft²

Average Home Age

59.9 years

Currently For Sale

198 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

Unit for rent at 1317 Sioux Turn, Kankakee, IL, 60901

$2,450 /mo

  • 3 Beds
  • 2 Baths
  • 1,390 ft²
1317 Sioux Turn, Kankakee, IL, 60901 Listing by Azza Tawfik

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Lisa Sanford, Berkshire Hathaway HomeServices Speckman Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11840364
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 2954 West State Rte 113 built and last sold?
The property at 2954 West State Rte 113 was built in and last sold on Aug 31, 2023 for $320,000.
How much is this home worth?
The estimated value of the home located at 2954 West State Rte 113 is $0.
What are some comparable homes to 2954 West State Rte 113?
There are currently no comparable homes to 2954 West State Rte 113.
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