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Kankakee 60901
393 S 5th Avenue
$72,500
● House - Off Market

393 S 5th Avenue

Kankakee, IL 60901
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,474 Ft²
$74,710
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

Very nice home for the money - large living room/ Dining room.  one bedroom on the 1st floor.  1 1/2 baths.  Half bath on the 1st floor. Full large basement.  Car port in the back yard. Yard all fenced, and shed.
Unit Size
1,474 Ft²
Days on Market
-
Land Size
-
Price per sqft
$49
Property Type
House
Property Taxes
$181
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #11707400)

Price History

Date / Event Date Event Price
Mar 1, 2023 Sold
Premium
Sold
Jan 24, 2023 Listed by Keller Williams Preferred Rlty $72,500
Listed by Keller Williams Preferred Rlty

Property Highlights

Air Conditioning
Parking Available

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: 5,000
  • 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: VAN METER L N & B ADD
  • Land Acres: 0000000114
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: VAN METER L N & B ADDN E 100' LOT 8 BLK 15 06-30-13W

Neighborhood

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

Geography

  • District: 16
  • Parcel: 16-17-06-214-023
  • Block: 15
  • Lot: 8
  • Municipality: KANKAKEE
  • Latitude: 41.1175
  • Longitude: -87.8727

    Address

  • Full Address: 393 S 5th Ave
  • Address - House Number: 393
  • Street Direction: S
  • Address - Street Name: 5th
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Kankakee
  • Carrier Code: C018
  • 4-Digit Zip Code: 3646
  • Zip Code: 60901

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $230,088
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 16072

    Appraisal Valuation

  • Standard Deviation: 0.2666
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 62
  • Final Value: 68,461
  • High Value: 86,707
  • Low Value: 50,216

    Market Valuation

  • Market Total Value: $58,035
  • Market Land Value: $9,264
  • Market Improvement Value: $48,771

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $19,345
  • Assessed Land Value: $3,088
  • Assessed Improvements Value: $16,257

    Sales

  • Current Sale Contract Date: Mar 01, 2023
  • Current Sale Recording Date: Mar 15, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2208
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

$121

Below Asking

0.02%

Average Days on Market

65

Average Home Size

1301 ft²

Average Home Age

91.1 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: Vickie McClusky, Keller Williams Preferred Rlty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11707400
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 393 South 5th Avenue built and last sold?
The property at 393 South 5th Avenue was built in and last sold on Mar 1, 2023 for $72,500.
How much is this home worth?
The estimated value of the home located at 393 South 5th Avenue is $78,556.
What are some comparable homes to 393 South 5th Avenue?
There are currently no comparable homes to 393 South 5th Avenue.
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