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Kankakee 60901
540 S Foley Avenue
$110,000
● House - Off Market

540 S Foley Avenue

Kankakee, IL 60901
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,144 Ft²
$114,935
RealtyHop Estimate
4.49%
Since Mar 1, 2023
National-US
Primary Model

About This Property

Great value! Come check out this three-bedroom two full bath with additional living space in the basement! This home resides in quiet West Kankakee. The exterior features vinyl siding, a newer roof, a fenced-in backyard, and 2 car garage. Come inside to beautiful hardwood oak floors throughout the entire downstairs. Open concept wraparound living area. Two of the bedrooms reside on the first floor and the third bedroom resides on the second floor. Come downstairs to a partially finished basement That would be great for a man cave or additional living space. Laundry and full bathroom in the basement. This home comes equipped with newer HVAC and all updated vinyl windows. All appliances are included. Don't miss out on this great value schedule for your private showing today!
Unit Size
1,144 Ft²
Days on Market
-
Land Size
-
Price per sqft
$96
Property Type
House
Property Taxes
$303
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 #11710790)

Price History

Date / Event Date Event Price
Feb 17, 2023 Sold
Premium
Sold
Jan 1, 2023 Listed by Exclusive Realtors $110,000
Listed by Exclusive Realtors
Mar 18, 2020 No longer available -
No longer available
Mar 8, 2020 Relisted $83,900
Relisted
Mar 7, 2020 No longer available -
No longer available
Show More

Property Highlights

Garage
Air Conditioning
Parking Available

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: 7,500
  • 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: WEST KANKAKEE SUB
  • Land Acres: 0000000172
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: WEST KANKAKEE SUB LOT 12 BLK 22 01-30-14W

Neighborhood

  • School District Name: Kankakee School District 111
  • Census Tract: 012100

Geography

  • District: 16
  • Parcel: 16-16-01-218-005
  • Block: 22
  • Lot: 12
  • Municipality: KANKAKEE
  • Latitude: 41.1155
  • Longitude: -87.8952

    Address

  • Full Address: 540 S Foley Ave
  • Address - House Number: 540
  • Street Direction: S
  • Address - Street Name: Foley
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Kankakee
  • Carrier Code: C016
  • 4-Digit Zip Code: 3021
  • Zip Code: 60901

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $385,124
  • Tax Rate Code Area: 16003

    Appraisal Valuation

  • Standard Deviation: 0.263
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 62
  • Final Value: 114,021
  • High Value: 143,999
  • Low Value: 84,044

    Market Valuation

  • Market Total Value: $97,140
  • Market Land Value: $15,057
  • Market Improvement Value: $82,083

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $32,380
  • Assessed Land Value: $5,019
  • Assessed Improvements Value: $27,361

    Sales

  • Current Sale Contract Date: Feb 17, 2023
  • Current Sale Recording Date: Feb 22, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1568
  • Previous Sale Recording Date: Mar 10, 2020
  • Previous Sale Contract Date: Mar 09, 2020
  • Previous Sale Amount: $84,000
  • 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:

$165,000

Sale Price/ft²

$120

Below Asking

0.02%

Average Days on Market

66

Average Home Size

1305 ft²

Average Home Age

93.4 years

Currently For Sale

46 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: Paul Kirkpatrick, Exclusive Realtors
Last Updated: 3 years ago
Data Source: MRED, MLS# 11710790
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 540 South Foley Avenue built and last sold?
The property at 540 South Foley Avenue was built in and last sold on Feb 17, 2023 for $110,000.
How much is this home worth?
The estimated value of the home located at 540 South Foley Avenue is $112,534.
What are some comparable homes to 540 South Foley Avenue?
There are currently no comparable homes to 540 South Foley Avenue.
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