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Kankakee 60901
810 S 3rd Avenue
$40,000
● House - Off Market

810 S 3rd Avenue

Kankakee, IL 60901
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,800 Ft²
$46,269
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

Investor alert! 4 bed 1.5 bath Corner lot attached garage! The spacious home is located just off water street overlooking the river in West Kankakee. The home needs work but has huge potential! This home has a lot of unique original trim work and built-ins. The home sits on a double-corner lot. The numbers work, the hardest part is going to be deciding whether to live in it, rent it, or flip it! Schedule your private showing today!
Unit Size
1,800 Ft²
Days on Market
-
Land Size
-
Price per sqft
$25
Property Type
House
Property Taxes
$267
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 #11697978)

Price History

Date / Event Date Event Price
Mar 17, 2023 Sold
Premium
Sold
Jan 9, 2023 Listed by Exclusive Realtors $44,900
Listed by Exclusive Realtors

Property Highlights

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: 9,145
  • 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: SOUTH ADD
  • Land Acres: 0000000209
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: SOUTH ADDN W 100' LOT 2 & W 100' OF N 30' LOT 3 BLK 14

Neighborhood

  • School District Name: Kankakee School District 111
  • Census Tract: 012200

Geography

  • District: 16
  • Parcel: 16-17-06-411-026
  • Block: 14
  • Lot: 2,3
  • Municipality: KANKAKEE
  • Latitude: 41.1118
  • Longitude: -87.8704

    Address

  • Full Address: 810 S 3rd Ave
  • Address - House Number: 810
  • Street Direction: S
  • Address - Street Name: 3rd
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Kankakee
  • Carrier Code: C012
  • 4-Digit Zip Code: 4903
  • Zip Code: 60901

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $339,588
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 16003

    Appraisal Valuation

  • Standard Deviation: 0.277
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 60
  • Final Value: 80,944
  • High Value: 103,370
  • Low Value: 58,518

    Market Valuation

  • Market Total Value: $85,653
  • Market Land Value: $19,764
  • Market Improvement Value: $65,889

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $28,551
  • Assessed Land Value: $6,588
  • Assessed Improvements Value: $21,963

    Sales

  • Current Sale Contract Date: Mar 15, 2023
  • Current Sale Recording Date: Mar 23, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2561
  • Previous Sale Recording Date: Nov 21, 2022
  • Previous Sale Contract Date: Nov 07, 2022
  • Previous Sale Amount: $30,000
  • Previous Sale Document Type: 71
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:

$159,944

Sale Price/ft²

$119

Below Asking

0.03%

Average Days on Market

64

Average Home Size

1141 ft²

Average Home Age

92.1 years

Currently For Sale

57 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: Paul Kirkpatrick, Exclusive Realtors
Last Updated: 3 years ago
Data Source: MRED, MLS# 11697978
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 810 South 3rd Avenue built and last sold?
The property at 810 South 3rd Avenue was built in and last sold on Mar 15, 2023 for $40,000.
How much is this home worth?
The estimated value of the home located at 810 South 3rd Avenue is $0.
What are some comparable homes to 810 South 3rd Avenue?
There are currently no comparable homes to 810 South 3rd Avenue.
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