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Kankakee 60901
45 Norman Street
$134,900
● House - Off Market

45 Norman Street

Kankakee, IL 60901
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,112 Ft²
$824
Est. Monthly
17.68%
Cap Rate

About This Property

Roof, Gutters, Siding, Kitchen, Furnace, Air conditioner, Hot water heater and Laminate flooring have been updated within the last 4 years.  Almost everything is updated and is waiting for a new owner. The over sized garage is just another bonus. 24 x 25 garage has a 1 car door that opens to the fenced back yard.  Home is being sold "as is".  Short  drive to I-57 for easy commute.
Unit Size
1,112 Ft²
Days on Market
-
Land Size
-
Price per sqft
$117
Property Type
House
Property Taxes
$186
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: 3 years ago (MRED MLS #11923930)

Price History

Date / Event Date Event Price
Jan 29, 2024 Sold
Premium
Sold
Nov 3, 2023 Listed by Coldwell Banker Realty $129,900
Listed by Coldwell Banker Realty

Property Highlights

Air Conditioning

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: 12,000
  • 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: N WALDRON ACRES 1ST ADD
  • Land Acres: 0000000275
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: N WALDRON ACRES 1ST ADDN LOT 10 BLK 8 15-30-13W

Neighborhood

  • School District Name: Kankakee School District 111
  • Census Tract: 011300

Zoning

  • Zoning: R1

Geography

  • District: 12
  • Parcel: 12-17-15-208-013
  • Block: 8
  • Lot: 10
  • Municipality: AROMA
  • Latitude: 41.0872
  • Longitude: -87.8146

    Address

  • Full Address: 45 Norman St
  • Address - House Number: 45
  • Address - Street Name: Norman
  • Address - Suffix Type: St
  • State: IL
  • City Name: Kankakee
  • Carrier Code: R005
  • 4-Digit Zip Code: 6038
  • Zip Code: 60901

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $222,810
  • Tax Rate Code Area: 12004

    Appraisal Valuation

  • Standard Deviation: 0.111
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 88
  • Final Value: 125,098
  • High Value: 138,908
  • Low Value: 111,287

    Market Valuation

  • Market Total Value: $119,994
  • Market Land Value: $20,181
  • Market Improvement Value: $99,813

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $39,998
  • Assessed Land Value: $6,727
  • Assessed Improvements Value: $33,271

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 22, 2023
  • Current Sale Recording Date: Feb 01, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 967
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:

$239,000

Sale Price/ft²

$162

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1695 ft²

Average Home Age

58.3 years

Currently For Sale

200 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: Lee LaMontagne, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11923930
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 45 Norman Street built and last sold?
The property at 45 Norman Street was built in and last sold on Dec 22, 2023 for $134,900.
How much is this home worth?
The estimated value of the home located at 45 Norman Street is $0.
What are some comparable homes to 45 Norman Street?
There are currently no comparable homes to 45 Norman Street.
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