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Kankakee 60901
350 W River Street
$90,500
● House - Off Market

350 W River Street

Kankakee, IL 60901
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,566 Ft²
$90,411
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model

About This Property

Riverfront Property!  Don't miss your chance to own this affordable very well kept riverfront home.  Home completely renovated in 2008, including kitchen, bathroom, siding, windows, doors, roof, gutters and so much more.  Home features a galley kitchen with plenty of storage and panty closet, all appliances are included.  Main floor also has a spacious dining room, a living room and a family room currently being used as an office, (could easily be used as a 3rd bedroom).  Enjoy the large fenced in yard with beautiful perennial gardens, fish or drop your canoe steps from your back door.  Property is located in a flood zone, however the current owners have never had any flooding, even the basement has remained dry.  Schedule your showing today.
Unit Size
1,566 Ft²
Days on Market
-
Land Size
-
Price per sqft
$50
Property Type
House
Property Taxes
$18
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 #11111108)

Price History

Date / Event Date Event Price
Aug 4, 2021 Sold
Premium
Sold
Jun 4, 2021 Listed by Speckman Realty Real Living $79,000
Listed by Speckman Realty Real Living

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: 9,000
  • 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: E
  • Subdivision: VAN METER L N & B ADD
  • Land Acres: 0000000206
  • Standard Land Use Code: 9000
  • County Land Use Code: 0090
  • Legal Description 1: VAN METER L N & B ADDN EH W 175' EX W 37.5' BLK 24 06-30-13W

Neighborhood

  • School District Name: Kankakee School District 111
  • Census Tract: 012300

Geography

  • District: 16
  • Parcel: 16-17-06-224-005
  • Block: 24
  • Municipality: KANKAKEE
  • Latitude: 41.1144
  • Longitude: -87.8709

    Address

  • Full Address: 350 W River St
  • Address - House Number: 350
  • Street Direction: W
  • Address - Street Name: River
  • Address - Suffix Type: St
  • State: IL
  • City Name: Kankakee
  • Carrier Code: C018
  • 4-Digit Zip Code: 3633
  • Zip Code: 60901

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 16072

    Market Valuation

  • Market Total Value: $29,739
  • Market Land Value: $9,681
  • Market Improvement Value: $20,058

    Assessments Valuation

  • Assessed Year: 2023
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:

$162,500

Sale Price/ft²

$120

Below Asking

0.02%

Average Days on Market

66

Average Home Size

1305 ft²

Average Home Age

93.4 years

Currently For Sale

46 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 1735 E Duane Boulevard, IL, 60901

$1,050 /mo

  • 2 Beds
  • 1 Bath
  • 800 ft²
1735 E Duane Boulevard #4, IL, 60901 Listing by Travis Wilson
Unit for rent at 250 N Entrance Avenue, IL, 60901

$825 /mo

  • 1 Bed
  • 1 Bath
  • 700 ft²
250 N Entrance Avenue #3A, IL, 60901 Listing by Travis Wilson

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Lynn Randazzo, Speckman Realty Real Living
Last Updated: 3 years ago
Data Source: MRED, MLS# 11111108
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 350 West River Street built and last sold?
The property at 350 West River Street was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 350 West River Street is $84,468.
What are some comparable homes to 350 West River Street?
There are currently no comparable homes to 350 West River Street.
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