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Kankakee 60901
442 N Illinois Avenue
$70,000
● House - Off Market

442 N Illinois Avenue

Kankakee, IL 60901
bedrooms
2 Beds
bathrooms
1 Bath
square feet
987 Ft²
$441
Est. Monthly
25.64%
Cap Rate

About This Property

KANKAKEE - NEWLY REHABBED 2 BEDROOM/ 1 BATH HOME - Move-in Ready, with A/C and garage off the alley.  Near main thoroughfares, Downtown Kankakee, and shopping.  Great for owner occupied buyers or for investment!  Call Today!
Unit Size
987 Ft²
Days on Market
-
Land Size
-
Price per sqft
$76
Property Type
House
Property Taxes
$73
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 #12208231)

Price History

Date / Event Date Event Price
Mar 25, 2025 Sold
Premium
Sold
Feb 14, 2025 In contract -
In contract
Jan 22, 2025 Relisted $75,000
Relisted
Dec 3, 2024 In contract -
In contract
Nov 26, 2024 Price Decreased $75,000
↓ $5K (6.3%)
Price Decreased
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: 6,206
  • 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: HOBBIE HEIGHTS ADD
  • Land Acres: 0000000142
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: HOBBIE HEIGHTS ADDN LOT 5 BLK 14 33-31-12E

Neighborhood

  • School District Name: Kankakee School District 111
  • Census Tract: 011500

Geography

  • District: 16
  • Parcel: 16-09-33-412-005
  • Block: 14
  • Lot: 5
  • Municipality: KANKAKEE
  • Latitude: 41.1237
  • Longitude: -87.842

    Address

  • Full Address: 442 N Illinois Ave
  • Address - House Number: 442
  • Street Direction: N
  • Address - Street Name: Illinois
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Kankakee
  • Carrier Code: C024
  • 4-Digit Zip Code: 2647
  • Zip Code: 60901

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $80,930
  • Tax Rate Code Area: 16003

    Appraisal Valuation

  • Standard Deviation: 0.2147
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 70
  • Final Value: 30,355
  • High Value: 36,875
  • Low Value: 23,835

    Market Valuation

  • Market Total Value: $20,385
  • Market Land Value: $2,532
  • Market Improvement Value: $17,853

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $6,795
  • Assessed Land Value: $844
  • Assessed Improvements Value: $5,951

    Sales

  • Current Sale Contract Date: May 26, 2023
  • Current Sale Recording Date: Jun 12, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 5270
  • Previous Sale Recording Date: May 16, 2019
  • Previous Sale Amount: $50,000
  • Previous Sale Document Type: 71
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

0.03%

Average Days on Market

67

Average Home Size

1365 ft²

Average Home Age

90.4 years

Currently For Sale

49 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: Jay Tamblyn, McColly Bennett Real Estate
Last Updated: 2 years ago
Data Source: MRED, MLS# 12208231
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 442 North Illinois Avenue built and last sold?
The property at 442 North Illinois Avenue was built in and last sold on May 26, 2023 for $500,000.
How much is this home worth?
The estimated value of the home located at 442 North Illinois Avenue is $0.
What are some comparable homes to 442 North Illinois Avenue?
There are currently no comparable homes to 442 North Illinois Avenue.
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