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Kankakee 60901
370 S Small Avenue
$160,000
● House - Off Market

370 S Small Avenue

Kankakee, IL 60901
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,600 Ft²
$1,204
Est. Monthly
11.54%
Cap Rate

About This Property

Welcome to this well kept split level home in west Kankakee. Home comes with 3 bedrooms and 2 full bathrooms with original hardwood floors. Home also has a solar panel system installed that will keep your electrical expenses to a minimum. The spacious layout is meant to give you plenty of room for relaxation or even entertainment! Roof 2012, Newer central air unit, and newer solar system as well installed. Home is being sold as-is. Please don't hesitate! Call today to set up your private showing!
Unit Size
1,600 Ft²
Days on Market
-
Land Size
-
Price per sqft
$113
Property Type
House
Property Taxes
$320
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 #11982753)

Price History

Date / Event Date Event Price
Mar 29, 2024 Sold
Premium
Sold
Feb 18, 2024 Listed by McColly Bennett Real Estate $180,000
Listed by McColly Bennett Real Estate

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: 7,500
  • 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: WEST KANKAKEE 2ND ADD
  • Land Acres: 0000000172
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: WEST KANKAKEE 2ND ADDN LOT 14 BLK 37 06-30-13W

Neighborhood

  • School District Name: Kankakee School District 111
  • Census Tract: 012100

Geography

  • District: 16
  • Parcel: 16-17-06-102-006
  • Block: 37
  • Lot: 14
  • Municipality: KANKAKEE
  • Latitude: 41.1179
  • Longitude: -87.8854

    Address

  • Full Address: 370 S Small Ave
  • Address - House Number: 370
  • Street Direction: S
  • Address - Street Name: Small
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Kankakee
  • Carrier Code: C017
  • 4-Digit Zip Code: 3250
  • Zip Code: 60901

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $383,492
  • Tax Rate Code Area: 16003

    Appraisal Valuation

  • Standard Deviation: 0.263
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 88
  • Final Value: 178,212
  • High Value: 197,886
  • Low Value: 158,538

    Market Valuation

  • Market Total Value: $134,430
  • Market Land Value: $15,057
  • Market Improvement Value: $119,373

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $44,810
  • Assessed Land Value: $5,019
  • Assessed Improvements Value: $39,791

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 24, 2016
  • Current Sale Recording Date: Oct 24, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 36

    Financing

  • First Mortgage Financing Type: FIX
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:

$159,994

Sale Price/ft²

$120

Below Asking

0.03%

Average Days on Market

67

Average Home Size

1365 ft²

Average Home Age

90.9 years

Currently For Sale

50 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: Norman Gaskin, McColly Bennett Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11982753
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 Small Avenue built and last sold?
The property at 370 South Small Avenue was built in and last sold on Oct 24, 2016 for $95,000.
How much is this home worth?
The estimated value of the home located at 370 South Small Avenue is $0.
What are some comparable homes to 370 South Small Avenue?
There are currently no comparable homes to 370 South Small Avenue.
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