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Kankakee 60901
555 S Fraser Avenue
$130,000
● House - Off Market

555 S Fraser Avenue

Kankakee, IL 60901
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,380 Ft²
$159,496
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

SPACIOUS & WELL-BUILT 4 bedroom, 2 bath ranch in desirable West Kankakee! Needs some touch-ups, but has a great layout: There is an open & bright LR; a cozy formal DR - which would also make a fine library/office, and an efficient kitchen w/breakfast room. [BONUS: lots of storage options; hardwood under carpet.] The full finished basement includes a family room, 2nd kitchen, full bath, and 4th BR - a flexible floorplan that is ideal for the growing family, or for an in-law suite. The outdoor space is nice: The charming stone exterior adds to the curb appeal, and the fenced backyard is FILLED w/specialty gardens & beautiful plantings + a paver patio, raised deck, and lush vine-covered pergola. An EXCELLENT upsizer in a terrific location - come and see! (c)2021
Unit Size
1,380 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$100
Property Type
House
Property Taxes
$327
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 #11119164)

Price History

Date / Event Date Event Price
Jul 29, 2021 Sold
Premium
Sold
Jun 12, 2021 Listed by Coldwell Banker Realty $138,000
Listed by Coldwell Banker Realty

Property Highlights

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 2ND
  • Land Acres: 0000000172
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: WEST KANKAKEE 2ND SUB LOT BLK 49 06-30-13W

Neighborhood

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

Geography

  • District: 16
  • Parcel: 16-17-06-118-013
  • Block: 49
  • Lot: BLK
  • Municipality: KANKAKEE
  • Latitude: 41.1155
  • Longitude: -87.8819

    Address

  • Full Address: 555 S Fraser Ave
  • Address - House Number: 555
  • Street Direction: S
  • Address - Street Name: Fraser
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Kankakee
  • Carrier Code: C017
  • 4-Digit Zip Code: 3359
  • Zip Code: 60901

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $581,686
  • Tax Rate Code Area: 16003

    Appraisal Valuation

  • Standard Deviation: 0.2211
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 69
  • Final Value: 163,866
  • High Value: 200,161
  • Low Value: 127,570

    Market Valuation

  • Market Total Value: $146,718
  • Market Land Value: $15,057
  • Market Improvement Value: $131,661

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $48,906
  • Assessed Land Value: $5,019
  • Assessed Improvements Value: $43,887

    Sales

  • Current Sale Contract Date: Jul 29, 2021
  • Current Sale Recording Date: Jul 30, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 10400
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

1317 ft²

Average Home Age

91.1 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

Unit for rent at 1317 Sioux Turn, Kankakee, IL, 60901

$2,450 /mo

  • 3 Beds
  • 2 Baths
  • 1,390 ft²
1317 Sioux Turn, Kankakee, IL, 60901 Listing by Azza Tawfik

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Susan Fisher, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11119164
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 555 South Fraser Avenue built and last sold?
The property at 555 South Fraser Avenue was built in and last sold on Jul 29, 2021 for $130,000.
How much is this home worth?
The estimated value of the home located at 555 South Fraser Avenue is $140,841.
What are some comparable homes to 555 South Fraser Avenue?
There are currently no comparable homes to 555 South Fraser Avenue.
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