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Kankakee 60901
656 S Osborn Avenue
$144,000
● House - Off Market

656 S Osborn Avenue

Kankakee, IL 60901
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,008 Ft²
$922
Est. Monthly
18.56%
Cap Rate

About This Property

GREAT LOCATION for this tastefully LARGE remodeled ranch!!!  Step inside and see all the new updates and finishes in this large 3 bedroom and 2 bathroom well laid out floor plan.  Upon entering you'll see all NEW FLOORING, NEW LIGHT FIXTURES/ FRESH PAINT/ NEW CABINETS/ NEW QUARTZ COUNTERTOPS/NEW VANITIES/ NEW STAINLESS STEEL APPLIANCES/ BRUSHED GOLD GOOSE NECK FAUCET and many more upgrades.  This home is great for entertaining with a large bonus room in the rear of the house.  There's also a LARGE FENCED YARD along with a 1 car garage.  The house was FULLY PERMITTED for renovations.
Unit Size
1,008 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$139
Property Type
House
Property Taxes
$235
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.

Property Highlights

Garage

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: 7,250
  • 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: RIVERVIEW SUB
  • Land Acres: 0000000166
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: RIVERVIEW LOT 5 BLK 12 04-30-13W

Neighborhood

  • School District Name: Kankakee School District 111
  • Census Tract: 012400

Geography

  • District: 16
  • Parcel: 16-17-04-307-006
  • Block: 12
  • Lot: 5
  • Municipality: KANKAKEE
  • Latitude: 41.1112
  • Longitude: -87.8471

    Address

  • Full Address: 656 S Osborn Ave
  • Address - House Number: 656
  • Street Direction: S
  • Address - Street Name: Osborn
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Kankakee
  • Carrier Code: C001
  • 4-Digit Zip Code: 5628
  • Zip Code: 60901

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $281,820
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 16003

    Appraisal Valuation

  • Standard Deviation: 0.111
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 88
  • Final Value: 50,422
  • High Value: 55,989
  • Low Value: 44,856

    Market Valuation

  • Market Total Value: $71,082
  • Market Land Value: $15,057
  • Market Improvement Value: $56,025

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $23,694
  • Assessed Land Value: $5,019
  • Assessed Improvements Value: $18,675

    Sales

  • Current Sale Contract Date: Feb 08, 2024
  • Current Sale Recording Date: Feb 14, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1270
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:

$160,000

Sale Price/ft²

$120

Below Asking

0.02%

Average Days on Market

66

Average Home Size

1314 ft²

Average Home Age

89.5 years

Currently For Sale

50 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: Dominick Clarizio, @properties Christie's International Real Estate
Data Source: MRED, MLS# MRD12257656
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 656 South Osborn Avenue built and last sold?
The property at 656 South Osborn Avenue was built in and last sold on Feb 8, 2024 for $47,500.
How much is this home worth?
The estimated value of the home located at 656 South Osborn Avenue is $140,652.
What are some comparable homes to 656 South Osborn Avenue?
There are currently no comparable homes to 656 South Osborn Avenue.
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