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Kankakee 60901
370 S 5th Avenue
$50,000
● House - Off Market

370 S 5th Avenue

Kankakee, IL 60901
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,100 Ft²
$51,052
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

KANKAKEE - 3 BEDROOM/1 BATHROOM HOME FOR SALE Great investment property! Home is in good condition, ready to move into or lease for income producing property.  Priced to sell, home will not be on the market long!  Call today.
Unit Size
1,100 Ft²
Days on Market
-
Land Size
-
Price per sqft
$45
Property Type
House
Property Taxes
$119
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 #11438728)

Price History

Date / Event Date Event Price
Jul 13, 2022 Sold
Premium
Sold
Jun 17, 2022 Listed by McColly Bennett Real Estate $49,900
Listed by McColly Bennett Real Estate

Property Highlights

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: 3,300
  • 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: THOMAS R VANMETER LINSLEYS NE
  • Land Acres: 0000000075
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: VAN METER L N & B ADDN S 22' LOT 11 BLK 16 06-30-13W

Neighborhood

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

Geography

  • District: 16
  • Parcel: 16-17-06-215-008
  • Block: 16
  • Lot: 11
  • Municipality: KANKAKEE
  • Latitude: 41.1177
  • Longitude: -87.872

    Address

  • Full Address: 370 S 5th Ave
  • Address - House Number: 370
  • Street Direction: S
  • Address - Street Name: 5th
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Kankakee
  • Carrier Code: C018
  • 4-Digit Zip Code: 3647
  • Zip Code: 60901

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $151,014
  • Tax Rate Code Area: 16072

    Appraisal Valuation

  • Standard Deviation: 0.263
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 62
  • Final Value: 46,112
  • High Value: 58,235
  • Low Value: 33,988

    Market Valuation

  • Market Total Value: $38,091
  • Market Land Value: $4,974
  • Market Improvement Value: $33,117

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $12,697
  • Assessed Land Value: $1,658
  • Assessed Improvements Value: $11,039

    Sales

  • Current Sale Contract Date: Jul 13, 2022
  • Current Sale Recording Date: Jul 13, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 8029
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 494 S Chicago Avenue, Kankakee, IL, 60901

$1,200 /mo

  • 2 Beds
  • 1 Bath
  • 1,175 ft²
494 S Chicago Avenue #2N, Kankakee, IL, 60901 Listing by Jaime Birks

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Jay Tamblyn, McColly Bennett Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11438728
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 370 South 5th Avenue built and last sold?
The property at 370 South 5th Avenue was built in and last sold on Jul 13, 2022 for $50,000.
How much is this home worth?
The estimated value of the home located at 370 South 5th Avenue is $54,599.
What are some comparable homes to 370 South 5th Avenue?
There are currently no comparable homes to 370 South 5th Avenue.
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