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Kankakee 60901
690 S Nelson Avenue
$213,000
● House - Off Market

690 S Nelson Avenue

Kankakee, IL 60901
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,455 Ft²
$1,305
Est. Monthly
10.23%
Cap Rate

About This Property

A great opportunity to own a well kept-gem on the east side of town! Details were not left to spare in this 3 bedroom 2 bathroom home with a full finished basement! Hardwood flooring throughout the majority of the main floor and newer vinyl flooring in your finished basement. Kitchen and both bathrooms have been updated recently with meticulous touch and design. Main level has a wood burning fireplace and the basement has a newer electrical fireplace for entertaining and comfort. Newer and custom fit fixtures throughout the entire home for viewer delight. Modern designs with a home sweet home feeling. Don't miss your chance!
Unit Size
1,455 Ft²
Days on Market
-
Land Size
-
Price per sqft
$151
Property Type
House
Property Taxes
$225
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 #12048151)

Price History

Date / Event Date Event Price
Jul 2, 2024 Sold
Premium
Sold
Jun 19, 2024 In contract -
In contract
May 7, 2024 Listed by McColly Bennett Real Estate $219,900
Listed by McColly Bennett Real Estate

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: 7,043
  • 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: TWIN ACRES SUB
  • Land Acres: 0000000161
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: TWIN ACRES SUB LOT 1 04-30-13W

Neighborhood

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

Geography

  • District: 16
  • Parcel: 16-17-04-308-012
  • Lot: 1
  • Municipality: KANKAKEE
  • Latitude: 41.1107
  • Longitude: -87.8458

    Address

  • Full Address: 690 S Nelson Ave
  • Address - House Number: 690
  • Street Direction: S
  • Address - Street Name: Nelson
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Kankakee
  • Carrier Code: C001
  • 4-Digit Zip Code: 5620
  • Zip Code: 60901

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $269,848
  • Tax Rate Code Area: 16003

    Appraisal Valuation

  • Standard Deviation: 0.2147
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 70
  • Final Value: 112,526
  • High Value: 136,697
  • Low Value: 88,356

    Market Valuation

  • Market Total Value: $88,629
  • Market Land Value: $12,099
  • Market Improvement Value: $76,530

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $29,543
  • Assessed Land Value: $4,033
  • Assessed Improvements Value: $25,510

    Exemptions

  • Homeowner Exemption: Yes
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

65

Average Home Size

1323 ft²

Average Home Age

90 years

Currently For Sale

52 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: Norman Gaskin, McColly Bennett Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 12048151
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 690 South Nelson Avenue built and last sold?
The property at 690 South Nelson Avenue was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 690 South Nelson Avenue is $220,312.
What are some comparable homes to 690 South Nelson Avenue?
There are currently no comparable homes to 690 South Nelson Avenue.
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