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442 South Chicago Avenue

442 South Chicago Avenue, Kankakee, IL 60901
Multifamily in Kankakee
This has been categorized as a residential property type. In total, the area measurement of the land is 7,250 square feet.

Learn more about the property and building on this page. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 442 South Chicago Avenue sold most recently in May 26, 2023 for a total of $1,480,000. Before that, the property was also sold for $35,000 in Jan 1, 1970. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $1,970 in taxes each year. 442 South Chicago Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $19,368. If we break it down further, the land itself was valued at $3,768. Improvements to the property, however, were assessed at a total of $15,600. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Vinyl Siding
This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20181212
12/12/2018
7 Bed
-
-
$50,000
bedrooms
7 Bed
bathrooms
-
$35,000 -30.00%
03/27/2019
-
Jay "Buck" Tamblyn

Building Info

Overview

    General

  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,250
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ASSOCIATES ADD
  • Land Acres: 0.166
  • Standard Land Use Code: Residential (general) (single)
  • Legal Description 1: ASSOCIATES ADDN LOT 4 BLK 62 05-30-13W

Ownership

  • Current Owner : CLEAR CAPITAL KANKAKEE LLC
  • Previous Owner : LEONE JEFFREY
  • Owner Before Previous Owner: KANKAKEE REVITALIZATION GROUP LLC
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

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

Geography

  • District: 16
  • Parcel: 16-17-05-216-005
  • Block: 62
  • Lot: 4
  • Municipality: KANKAKEE
  • Latitude: 41.1153
  • Longitude: -87.8588

    Address

  • Full Address: 442 S Chicago Ave
  • Address - House Number: 442
  • Street Direction: S
  • Address - Street Name: Chicago
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Kankakee
  • Carrier Code: C006
  • 4-Digit Zip Code: 5282
  • Zip Code: 60901

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,970
  • Tax Rate Code Area: 16007

    Appraisal Valuation

  • Standard Deviation: 0.2666
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 62
  • Final Value: 54,495
  • High Value: 69,019
  • Low Value: 39,972

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $937,500
  • First Open Lien Mortgage Lender: RFLF 4 LLC
  • First Open Lien Mortgage Recording Date: Jun 26, 2023
  • First Open Lien Mortgage Loan Amount: $937,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2053

    Market Valuation

  • Market Total Value: $58,104
  • Market Land Value: $11,304
  • Market Improvement Value: $46,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $19,368
  • Assessed Land Value: $3,768
  • Assessed Improvements Value: $15,600

    Sales

  • Current Sale Contract Date: May 26, 2023
  • Current Sale Recording Date: Jun 12, 2023
  • Current Sale Transaction ID: 11907802911
  • Current Sale Price: $1,480,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 5272
  • Previous Sale Recording Date: Mar 27, 2019
  • Previous Sale Amount: $35,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: FIRST NATIONAL BANK OF OTTAWA
  • Previous Mortgage Transaction Date: Mar 27, 2019
  • Previous Mortgage Loan Amount: $28,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

About Kankakee



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 442 South Chicago Avenue located in?
The 442 South Chicago Avenue is a multifamily located in the neighborhood of Kankakee in Kankakee, Kankakee.
What is the average sales price for listings in 442 South Chicago Avenue?
The average sales price for units in 442 South Chicago Avenue is $50,000 currently.

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