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Kankakee 60901
3101 W Main Avenue
$275,000
● House - Off Market

3101 W Main Avenue

Kankakee, IL 60901
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,612 Ft²
$1,586
Est. Monthly
9.42%
Cap Rate

About This Property

Nothing to do but MOVE IN!  An absolutely gorgeous, remodeled ranch.  Everything NEW, all appliances, huge granite island in the kitchen.  Large family room with double sided fireplace with opening to living room. Three nice sized bedrooms, with all new paint, floors, and ceiling fans. Main bathroom, 5-foot light up anti-fog mirror, beautiful tiled tub-shower, and amazing granite countertop.  This home also has a fenced side yard to enjoy.  An attached two car garage with opener.  New asphalt driveway 2024.  Roof replaced in 2017.  Crawl space has been completely insulated in 2025.  This one level is perfect for someone that doesn't want stairs.  3101 sits on a quite dead-end street.  Schools: Bonfield grade school, Limestone elementary school, Herscher high school.  This is a MUST SEE!
Unit Size
1,612 Ft²
Days on Market
-
Land Size
-
Price per sqft
$164
Property Type
House
Property Taxes
$284
HOA Dues
-
Year Built
-

Payment Calculator

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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
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: 10,080
  • 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: SOUTH GREENWICH SUB
  • Land Acres: 0000000231
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: SOUTH GREENWICH SUB LOT 8 03-30-14W

Neighborhood

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

Zoning

  • Zoning: R1

Geography

  • District: 7
  • Parcel: 07-16-03-204-002
  • Lot: 8
  • Municipality: LIMESTONE
  • Latitude: 41.116
  • Longitude: -87.9286

    Address

  • Full Address: 3101 W Main Ave
  • Address - House Number: 3101
  • Street Direction: W
  • Address - Street Name: Main
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Kankakee
  • Carrier Code: R006
  • 4-Digit Zip Code: 7957
  • Zip Code: 60901

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $319,850
  • Tax Rate Code Area: 7002

    Appraisal Valuation

  • Standard Deviation: 0.2211
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 69
  • Final Value: 191,212
  • High Value: 233,565
  • Low Value: 148,859

    Market Valuation

  • Market Total Value: $154,140
  • Market Land Value: $7,158
  • Market Improvement Value: $146,982

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $51,380
  • Assessed Land Value: $2,386
  • Assessed Improvements Value: $48,994

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Recording Date: Aug 07, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 8753
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

1759 ft²

Average Home Age

56.7 years

Currently For Sale

210 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: Joanna Bruno, Listing Leaders Northwest, Inc
Data Source: MRED, MLS# MRD12351796
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 3101 West Main Avenue built and last sold?
The property at 3101 West Main Avenue was built in and last sold on Jan 1, 1970 for $130,000.
How much is this home worth?
The estimated value of the home located at 3101 West Main Avenue is $0.
What are some comparable homes to 3101 West Main Avenue?
There are currently no comparable homes to 3101 West Main Avenue.
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