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Kankakee 60901
720 N Park Avenue
$148,000
● House - Off Market

720 N Park Avenue

Kankakee, IL 60901
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,000 Ft²
$938
Est. Monthly
16.80%
Cap Rate

About This Property

Welcome to this beautifully transformed 3-bedroom, 1-bath gem, where modern comfort meets style! This home is fully rehabbed with an inviting open floor plan, perfect for everyday living. Step into a kitchen with brand-new appliances that make cooking a breeze, while new electrical, plumbing, water heater, ac and furnace offer peace of mind for years to come. Enjoy the fresh curb appeal with new siding and a brand-new roof. Plus, a nice-sized yard offers endless possibilities. Don't miss your chance to make this move-in-ready beauty your own! Schedule your private showing today!
Unit Size
1,000 Ft²
Days on Market
-
Land Size
-
Price per sqft
$150
Property Type
House
Property Taxes
$201
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

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: 9,250
  • 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: PIONEER SUB
  • Land Acres: 0000000212
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: PIONEER SUB LOT 15 BLK 2 33-31-12E

Neighborhood

  • School District Name: Kankakee School District 111
  • Census Tract: 011500

Geography

  • District: 16
  • Parcel: 16-09-33-202-015
  • Block: 2
  • Lot: 15
  • Municipality: KANKAKEE
  • Latitude: 41.1266
  • Longitude: -87.8464

    Address

  • Full Address: 720 N Park Ave
  • Address - House Number: 720
  • Street Direction: N
  • Address - Street Name: Park
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Kankakee
  • Carrier Code: C024
  • 4-Digit Zip Code: 2618
  • Zip Code: 60901

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $223,884
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 16003

    Appraisal Valuation

  • Standard Deviation: 0.2432
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 65
  • Final Value: 55,914
  • High Value: 69,518
  • Low Value: 42,310

    Market Valuation

  • Market Total Value: $56,445
  • Market Land Value: $2,709
  • Market Improvement Value: $53,736

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $18,815
  • Assessed Land Value: $903
  • Assessed Improvements Value: $17,912

    Sales

  • Current Sale Contract Date: Jun 15, 2023
  • Current Sale Recording Date: Jun 20, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 5466
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

1319 ft²

Average Home Age

91.3 years

Currently For Sale

51 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: Elizabeth Barbosa, RE/MAX Prestige Homes
Data Source: MRED, MLS# MRD12297732
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 720 North Park Avenue built and last sold?
The property at 720 North Park Avenue was built in and last sold on Jun 15, 2023 for $21,500.
How much is this home worth?
The estimated value of the home located at 720 North Park Avenue is $146,389.
What are some comparable homes to 720 North Park Avenue?
There are currently no comparable homes to 720 North Park Avenue.
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