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Kankakee 60901
3800 E Lakeview Drive
$165,000
● House - Off Market

3800 E Lakeview Drive

Kankakee, IL 60901
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,100 Ft²
$148,593
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

DESIRABLE SKYLINE SUBDIVISION. Traditional 3 bedroom, 1 bath ranch in a beautiful neighborhood east of Kankakee, on a large fenced-in double lot! Move-in ready, update at your convenience. All appliances included. Full basement with large family room, washer/dryer, and lots of storage space. Attached 1 car garage, carport, and a large shed out back. Basement has been waterproofed. Whole house generator. Great investment!
Unit Size
1,100 Ft²
Days on Market
-
Land Size
-
Price per sqft
$135
Property Type
House
Property Taxes
$114
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 #11741499)

Price History

Date / Event Date Event Price
Jul 12, 2023 Sold
Premium
Sold
Mar 20, 2023 Listed by @home realty|BROKERAGE $149,000
Listed by @home realty|BROKERAGE

Property Highlights

Garage
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: 12,000
  • 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: R
  • Subdivision: SKYWAY SUB
  • Land Acres: 0000000275
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: SKYWAY SUB 1ST ADDN LOT 27 35-31-12E

Neighborhood

  • School District Name: Kankakee School District 111
  • Census Tract: 011400

Zoning

  • Zoning: R1

Geography

  • District: 16
  • Parcel: 16-09-35-405-004
  • Lot: 27
  • Municipality: KANKAKEE
  • Latitude: 41.1212
  • Longitude: -87.801

    Address

  • Full Address: 3800 E Lakeview Dr
  • Address - House Number: 3800
  • Street Direction: E
  • Address - Street Name: Lakeview
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Kankakee
  • Carrier Code: R003
  • 4-Digit Zip Code: 8068
  • Zip Code: 60901

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $100,156
  • Tax Rate Code Area: 16001

    Appraisal Valuation

  • Standard Deviation: 0.2432
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 65
  • Final Value: 150,654
  • High Value: 187,309
  • Low Value: 114,000

    Market Valuation

  • Market Total Value: $112,470
  • Market Land Value: $13,566
  • Market Improvement Value: $98,904

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $37,490
  • Assessed Land Value: $4,522
  • Assessed Improvements Value: $32,968

    Sales

  • Current Sale Contract Date: Jul 12, 2023
  • Current Sale Recording Date: Jul 13, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 33
  • Current Sale Input Document Number: 6334
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:

$239,000

Sale Price/ft²

$162

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1694 ft²

Average Home Age

58.6 years

Currently For Sale

203 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: Renee Lozano, @home realty|BROKERAGE
Last Updated: 3 years ago
Data Source: MRED, MLS# 11741499
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 3800 East Lakeview Drive built and last sold?
The property at 3800 East Lakeview Drive was built in and last sold on Jul 12, 2023 for $165,000.
How much is this home worth?
The estimated value of the home located at 3800 East Lakeview Drive is $152,510.
What are some comparable homes to 3800 East Lakeview Drive?
There are currently no comparable homes to 3800 East Lakeview Drive.
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