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Kankakee 60901
668 S Main Avenue
$219,000
● House - Off Market

668 S Main Avenue

Kankakee, IL 60901
bedrooms
3 Beds
bathrooms
2 Baths
$1,461
Est. Monthly
10.77%
Cap Rate

About This Property

Large 3 bedroom 2 & 1/2 bath home with a finished basement featuring 4th bedroom, oversized 2 1/2 car garage, large fenced yard and patio. Wood burning fireplace in the oversized living room, hardwood floors in dining room, stainless steel appliances in kitchen, large breakfast room.  3 extremely large bedrooms upstairs, full bath.  Basement has a large laundry room, 4th bedroom, workroom & mechanical room with a good sized recreation room too! Nice location in West Kankakee and a great, wide street. New sewer line from street installed 2022. Sold AS-IS.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$385
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: 2 years ago (MRED MLS #12221836)

Price History

Date / Event Date Event Price
Feb 21, 2025 Sold
Premium
Sold
Jan 16, 2025 In contract -
In contract
Jan 6, 2025 Listed by @properties Christie's International Real Estate $219,000
Listed by @properties Christie's International Real Estate

Property Highlights

Fireplace

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 11 BLK 28 01-30-14W

Neighborhood

  • School District Name: Kankakee School District 111
  • Census Tract: 010602

Geography

  • District: 16
  • Parcel: 16-16-01-227-004
  • Block: 28
  • Lot: 11
  • Municipality: KANKAKEE
  • Latitude: 41.1143
  • Longitude: -87.8936

    Address

  • Full Address: 668 S Main St
  • Address - House Number: 668
  • Street Direction: S
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: IL
  • City Name: Bourbonnais
  • Zip Code: 60914

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $493,876
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 16003

    Appraisal Valuation

  • Standard Deviation: 0.2211
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 74
  • Final Value: 182,108
  • High Value: 217,222
  • Low Value: 146,993

    Market Valuation

  • Market Total Value: $145,134
  • Market Land Value: $15,057
  • Market Improvement Value: $130,077

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $48,378
  • Assessed Land Value: $5,019
  • Assessed Improvements Value: $43,359

    Sales

  • Current Sale Contract Date: Oct 07, 2022
  • Current Sale Recording Date: Oct 11, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 11571
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:

$159,994

Sale Price/ft²

$120

Below Asking

0.03%

Average Days on Market

67

Average Home Size

1365 ft²

Average Home Age

90.9 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

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: Meta Rose Torchia, @properties Christie's International Real Estate
Last Updated: 2 years ago
Data Source: MRED, MLS# 12221836
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 668 South Main Avenue built and last sold?
The property at 668 South Main Avenue was built in and last sold on Oct 7, 2022 for $179,000.
How much is this home worth?
The estimated value of the home located at 668 South Main Avenue is $0.
What are some comparable homes to 668 South Main Avenue?
There are currently no comparable homes to 668 South Main Avenue.
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