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Kankakee 60901
516 N 10th Avenue
$120,000
● House - Off Market

516 N 10th Avenue

Kankakee, IL 60901
bedrooms
2 Beds
bathrooms
1 Bath
square feet
700 Ft²
$755
Est. Monthly
14.14%
Cap Rate

About This Property

Welcome home to this beautifully updated cottage in Kankakee!   This 2 bedroom home has an updated kitchen with white cabinets,  stainless steel appliances, butcher block countertops and new flooring.  The 2 bedrooms have hardwood floors.   There is an enclosed front porch suitable for an office, extra room or storage.   Full unfinished basement with your laundry area, storage and many possibilities!   Enjoy your fenced in back yard lounging on the brick paver patio, and plenty of grass space for the rest of the summer and fall!   Call today for your private showing!
Unit Size
700 Ft²
Days on Market
-
Land Size
-
Price per sqft
$164
Property Type
House
Property Taxes
$190
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 #12125215)

Price History

Date / Event Date Event Price
Sep 9, 2024 Sold
Premium
Sold
Aug 8, 2024 In contract -
In contract
Jul 31, 2024 Listed by McColly Bennett Real Estate $115,000
Listed by McColly Bennett Real Estate

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: 5,220
  • 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
  • Land Acres: 0000000119
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: COOKS BROOKMONT WOODS S 7' LOT 14 & ALL LOT 15 & N 11' LOT 16 BLK 9

Neighborhood

  • School District Name: Kankakee School District 111
  • Census Tract: 011700

Geography

  • District: 16
  • Parcel: 16-09-31-220-009
  • Block: 9
  • Lot: 14-16
  • Municipality: KANKAKEE
  • Latitude: 41.1259
  • Longitude: -87.8772

    Address

  • Full Address: 516 N 10th Ave
  • Address - House Number: 516
  • Street Direction: N
  • Address - Street Name: 10th
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Kankakee
  • Carrier Code: C020
  • 4-Digit Zip Code: 2909
  • Zip Code: 60901

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $202,230
  • Tax Rate Code Area: 16003

    Appraisal Valuation

  • Standard Deviation: 0.2147
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 70
  • Final Value: 84,692
  • High Value: 102,883
  • Low Value: 66,500

    Market Valuation

  • Market Total Value: $71,571
  • Market Land Value: $11,337
  • Market Improvement Value: $60,234

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $23,857
  • Assessed Land Value: $3,779
  • Assessed Improvements Value: $20,078

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 03, 2005
  • Current Sale Recording Date: Nov 07, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 36

    Financing

  • First Mortgage Financing Type: FIX
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:

$159,900

Sale Price/ft²

$120

Below Asking

0.03%

Average Days on Market

64

Average Home Size

1211 ft²

Average Home Age

93 years

Currently For Sale

55 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 241 S Small Avenue, Kankakee, IL, 60901

$1,500 /mo

  • 2 Beds
  • 1 Bath
  • 900 ft²
241 S Small Avenue #1S, Kankakee, IL, 60901 Listing by Azza Tawfik

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: J Andy Czako, McColly Bennett Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 12125215
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 516 North 10th Avenue built and last sold?
The property at 516 North 10th Avenue was built in and last sold on Nov 3, 2005 for $48,000.
How much is this home worth?
The estimated value of the home located at 516 North 10th Avenue is $0.
What are some comparable homes to 516 North 10th Avenue?
There are currently no comparable homes to 516 North 10th Avenue.
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