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Kankakee 60901
63 S 3120W Road
$120,000
● House - Off Market

63 S 3120W Road

Kankakee, IL 60901
bedrooms
2 Beds
bathrooms
1 Bath
square feet
790 Ft²
$717
Est. Monthly
14.44%
Cap Rate

About This Property

Highest and best offers Due Friday May 24th at 9 am. Downsizing, right sizing, or first home - this is the move in ready option for you. New flooring, fresh paint, and other updates throughout! The front door welcomes you into the well lit living room with a large picture window and side windows. Head straight ahead into the eat-in kitchen with updated cabinets, counters, flooring, paint, and appliances. From here you can access the laundry (doors are currently removed; however, you could disguise behind louvered doors) and the attached garage. Through the garage, you can also access the back yard. Back into the kitchen and down the hall to access the two bedrooms and bathroom - all updated as well. Call to schedule your exclusive appointment!
Unit Size
790 Ft²
Days on Market
-
Land Size
-
Price per sqft
$139
Property Type
House
Property Taxes
$177
HOA Dues
-
Year Built
-

Payment Calculator

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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 #12061111)

Price History

Date / Event Date Event Price
Jun 26, 2024 Sold
Premium
Sold
May 21, 2024 Listed by Keller Williams Preferred Realty $110,000
Listed by Keller Williams Preferred 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: 6,400
  • 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: CORTESE SUB
  • Land Acres: 0000000146
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: CORTESE SUB LOT 8 03-30-14W

Neighborhood

  • School District Name: Herscher Community Unit School District 2
  • Census Tract: 010400

Zoning

  • Zoning: R1

Geography

  • District: 7
  • Parcel: 07-16-03-202-010
  • Lot: 8
  • Municipality: LIMESTONE
  • Latitude: 41.1175
  • Longitude: -87.9288

    Address

  • Full Address: 63 S 3120w Rd
  • Address - House Number: 63
  • Street Direction: S
  • Address - Street Name: 3120w
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Kankakee
  • Carrier Code: R006
  • 4-Digit Zip Code: 7881
  • Zip Code: 60901

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $200,978
  • Tax Rate Code Area: 7002

    Appraisal Valuation

  • Standard Deviation: 0.2211
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 69
  • Final Value: 144,750
  • High Value: 176,812
  • Low Value: 112,688

    Market Valuation

  • Market Total Value: $84,612
  • Market Land Value: $8,337
  • Market Improvement Value: $76,275

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $28,204
  • Assessed Land Value: $2,779
  • Assessed Improvements Value: $25,425

    Sales

  • Current Sale Contract Date: Jul 13, 2015
  • Current Sale Recording Date: Jul 14, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 36
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:

$235,000

Sale Price/ft²

$161

Below Asking

0.02%

Average Days on Market

56

Average Home Size

2058 ft²

Average Home Age

56.3 years

Currently For Sale

205 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: Marla Good, Keller Williams Preferred Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 12061111
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 63 South 3120W Road built and last sold?
The property at 63 South 3120W Road was built in and last sold on Jul 13, 2015 for $52,000.
How much is this home worth?
The estimated value of the home located at 63 South 3120W Road is $0.
What are some comparable homes to 63 South 3120W Road?
There are currently no comparable homes to 63 South 3120W Road.
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