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Kankakee 60901
405 S Harrison Avenue
$10,000
● Land - Off Market

405 S Harrison Avenue

Kankakee, IL 60901
bedrooms
Studio
bathrooms
0 Bath
$110
Est. Monthly
71.16%
Cap Rate

About This Property

Very large corner lot, close to downtown Kankakee. In walking distance to Kankakee's Farmer Market, Boutiques, Kankakee River, courthouse and much more! Lot has concrete pad. Ready for building your dream home or storage building.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
$35
HOA Dues
-
Year Built
-

Payment Calculator

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Cap Rate Calculator

Purchase Price
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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 #11706582)

Price History

Date / Event Date Event Price
Feb 23, 2024 Sold
Premium
Sold
Jan 24, 2023 Listed by RE/MAX Prestige Homes $15,000
Listed by RE/MAX Prestige Homes

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: 7,250
  • 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: V
  • Subdivision: TOWN KANKAKEE CITY
  • Land Acres: 0000000166
  • Standard Land Use Code: 8001
  • County Land Use Code: 0030
  • Legal Description 1: TOWN OF KANKAKEE LOT 1 BLK 41 05-30-13W

Neighborhood

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

Geography

  • District: 16
  • Parcel: 16-17-05-115-009
  • Block: 41
  • Lot: 1
  • Municipality: KANKAKEE
  • Latitude: 41.1155
  • Longitude: -87.8609

    Address

  • Full Address: 405 S Harrison Ave
  • Address - House Number: 405
  • Street Direction: S
  • Address - Street Name: Harrison
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Kankakee
  • Carrier Code: C022
  • 4-Digit Zip Code: 5141
  • Zip Code: 60901

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $45,084
  • Tax Rate Code Area: 16007

    Market Valuation

  • Market Total Value: $11,304
  • Market Land Value: $11,304

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,768
  • Assessed Land Value: $3,768

    Sales

  • Current Sale Contract Date: Feb 23, 2024
  • Current Sale Recording Date: Feb 26, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1570
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:

$160,000

Sale Price/ft²

$120

Below Asking

0.02%

Average Days on Market

65

Average Home Size

1383 ft²

Average Home Age

90.6 years

Currently For Sale

52 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 114 N Washington Avenue, Bradley, IL, 60915

$900 /mo

  • 1 Bed
  • 1 Bath
  • 600 ft²
114 N Washington Avenue #1142, Bradley, IL, 60915 Listing by Travis Wilson

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Monica Pizano, RE/MAX Prestige Homes
Last Updated: 3 years ago
Data Source: MRED, MLS# 11706582
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 405 South Harrison Avenue built and last sold?
The property at 405 South Harrison Avenue was built in and last sold on Feb 23, 2024 for $10,000.
How much is this home worth?
The estimated value of the home located at 405 South Harrison Avenue is $15,150.
What are some comparable homes to 405 South Harrison Avenue?
There are currently no comparable homes to 405 South Harrison Avenue.
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