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Kankakee 60901
31 Jan Avenue
$115,000
● House - Off Market

31 Jan Avenue

Kankakee, IL 60901
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,282 Ft²
$121,092
RealtyHop Estimate
5.30%
Since Mar 1, 2022
National-US
Primary Model

About This Property

Absolutely adorable 3 or possibly 4 bedroom ranch home.  Freshly painted and move-in ready. Garage was converted to a family room but could also be used as a 4th bedroom or converted back to garage.   Updated kitchen and bath, water heater 2017, C/A 2019, furnace maintained yearly,  new flooring & countertops in kitchen, new carpeting in family room. There is a separate laundry room with an adjacent closet where another bathroom can be easily installed or move laundry to adjacent closet and convert existing laundry room to bathroom.  Large screened-in back porch with deck, beautiful privacy fenced yard with shed.  There appears to be enough room on west side of home to accommodate either a carport or small garage (must check with township)
Unit Size
1,282 Ft²
Days on Market
-
Land Size
-
Price per sqft
$90
Property Type
House
Property Taxes
$121
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 #11258631)

Price History

Date / Event Date Event Price
Feb 25, 2022 Sold
Premium
Sold
Oct 29, 2021 Listed by Coldwell Banker Realty $115,000
Listed by Coldwell Banker Realty

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: 10,734
  • 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: WALDRON ACRES 3RD ADD
  • Land Acres: 0000000246
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: WALDRON ACRES 3RD ADDN LOT 5 BLK 10 15-30-13W

Neighborhood

  • School District Name: Kankakee School District 111
  • Census Tract: 011300

Zoning

  • Zoning: R1

Geography

  • District: 12
  • Parcel: 12-17-15-415-005
  • Block: 10
  • Lot: 5
  • Municipality: AROMA
  • Latitude: 41.0846
  • Longitude: -87.8125

    Address

  • Full Address: 31 Jan Ave
  • Address - House Number: 31
  • Address - Street Name: Jan
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Kankakee
  • Carrier Code: R005
  • 4-Digit Zip Code: 6022
  • Zip Code: 60901

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $287,132
  • Tax Rate Code Area: 12004

    Appraisal Valuation

  • Standard Deviation: 0.263
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 62
  • Final Value: 147,073
  • High Value: 185,740
  • Low Value: 108,406

    Market Valuation

  • Market Total Value: $137,349
  • Market Land Value: $16,899
  • Market Improvement Value: $120,450

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $45,783
  • Assessed Land Value: $5,633
  • Assessed Improvements Value: $40,150

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 25, 2022
  • Current Sale Recording Date: Mar 07, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2694
  • Previous Sale Recording Date: Jul 06, 2021
  • Previous Sale Contract Date: Jul 01, 2021
  • Previous Sale Amount: $70,000
  • 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

1857 ft²

Average Home Age

59.1 years

Currently For Sale

196 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: Deborah Dameron, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11258631
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 31 Jan Avenue built and last sold?
The property at 31 Jan Avenue was built in and last sold on Feb 25, 2022 for $115,000.
How much is this home worth?
The estimated value of the home located at 31 Jan Avenue is $121,588.
What are some comparable homes to 31 Jan Avenue?
There are currently no comparable homes to 31 Jan Avenue.
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