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Kankakee 60901
392 South Yates Avenue
$120,000
● House - Off Market

392 South Yates Avenue

Kankakee, IL 60901
bedrooms
2 Beds
bathrooms
1 Bath
square feet
864 Ft²
$813
Est. Monthly
13.93%
Cap Rate

About This Property

Nestled in West Kankakee, this charming, updated, and move-in ready home boasts 2 above-grade bedrooms with the option for a 3rd in the finished basement. Enjoy peace of mind with recent upgrades, including newer windows, siding, gutters, roof, furnace, and a newly remodeled bathroom.  The family room, on-site laundry, and galley kitchen maximize efficiency while maintaining affordability. The deck is your personal oasis, perfect for relaxing. This home is ready for you to move in and enjoy!
Unit Size
864 Ft²
Days on Market
-
Land Size
-
Price per sqft
$145
Property Type
House
Property Taxes
$199
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: 2 years ago (MRED MLS #12140457)

Price History

Date / Event Date Event Price
Nov 19, 2024 Sold
Premium
Sold
Oct 25, 2024 In contract -
In contract
Sep 21, 2024 Price Decreased $125,000
↓ $4K (3.1%)
Price Decreased
Sep 12, 2024 Price Decreased $129,000
↓ $6K (4.4%)
Price Decreased
Aug 16, 2024 Listed by Exclusive Realtors $135,000
Listed by Exclusive Realtors
Show More

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: 3,350
  • 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 SUB
  • Land Acres: 0000000076
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: WEST KANKAKEE 1ST SUB W 67' LOT 16 BLK 3 01-30-14W

Neighborhood

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

Geography

  • District: 16
  • Parcel: 16-16-01-205-011
  • Block: 3
  • Lot: 16
  • Municipality: KANKAKEE
  • Latitude: 41.1175
  • Longitude: -87.891

    Address

  • Full Address: 392 S Yates Ave
  • Address - House Number: 392
  • Street Direction: S
  • Address - Street Name: Yates
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Kankakee
  • Carrier Code: C016
  • 4-Digit Zip Code: 3146
  • Zip Code: 60901

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $247,862
  • Tax Rate Code Area: 16003

    Appraisal Valuation

  • Standard Deviation: 0.263
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 62
  • Final Value: 81,791
  • High Value: 103,295
  • Low Value: 60,287

    Market Valuation

  • Market Total Value: $62,520
  • Market Land Value: $9,951
  • Market Improvement Value: $52,569

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $20,840
  • Assessed Land Value: $3,317
  • Assessed Improvements Value: $17,523

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 14, 2023
  • Current Sale Recording Date: Aug 21, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 7880
  • Previous Sale Recording Date: Jan 17, 2014
  • Previous Sale Document Type: 36
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:

$165,000

Sale Price/ft²

$120

Below Asking

0.02%

Average Days on Market

66

Average Home Size

1323 ft²

Average Home Age

91.8 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

Currently no nearby rentals
MRED

Listed by: Adam Banter, Exclusive Realtors
Last Updated: 2 years ago
Data Source: MRED, MLS# 12140457
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 392 South Yates Avenue built and last sold?
The property at 392 South Yates Avenue was built in and last sold on Aug 14, 2023 for $90,000.
How much is this home worth?
The estimated value of the home located at 392 South Yates Avenue is $124,755.
What are some comparable homes to 392 South Yates Avenue?
There are currently no comparable homes to 392 South Yates Avenue.
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