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Kankakee 60901
824 N River Drive
$215,000
● House - Off Market

824 N River Drive

Kankakee, IL 60901
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,650 Ft²
$1,481
Est. Monthly
10.46%
Cap Rate

About This Property

Nestled in a quiet neighborhood of Kankakee, this cozy single-family home exudes warmth and charm.    The highlight of the property is the sparkling in-ground swimming pool, surrounded by a lush garden and a wooden deck, perfect for summer barbecues and relaxation. The fenced yard provides privacy, making it a perfect retreat for family and friends.
Unit Size
1,650 Ft²
Days on Market
-
Land Size
-
Price per sqft
$130
Property Type
House
Property Taxes
$425
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
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: 5,468
  • 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: BROOKMONT GARDENS
  • Land Acres: 0000000125
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: BROOKMONT GARDENS LOT 12 BLK 5 31-31-12E

Neighborhood

  • School District Name: Kankakee School District 111
  • Census Tract: 011700

Geography

  • District: 16
  • Parcel: 16-09-31-209-009
  • Block: 5
  • Lot: 12
  • Municipality: KANKAKEE
  • Latitude: 41.13
  • Longitude: -87.8797

    Address

  • Full Address: 824 N River Dr
  • Address - House Number: 824
  • Street Direction: N
  • Address - Street Name: River
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Kankakee
  • Carrier Code: C021
  • 4-Digit Zip Code: 2241
  • Zip Code: 60901

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $393,018
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 16003

    Appraisal Valuation

  • Standard Deviation: 0.111
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 88
  • Final Value: 226,917
  • High Value: 251,968
  • Low Value: 201,865

    Market Valuation

  • Market Total Value: $119,694
  • Market Land Value: $11,337
  • Market Improvement Value: $108,357

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $39,898
  • Assessed Land Value: $3,779
  • Assessed Improvements Value: $36,119

    Sales

  • Current Sale Contract Date: Sep 01, 2022
  • Current Sale Recording Date: Sep 02, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 33
  • Current Sale Input Document Number: 10091
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

$119

Below Asking

0.03%

Average Days on Market

65

Average Home Size

1355 ft²

Average Home Age

94 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

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: Monica Morales, Extreme Realty LLC
Data Source: MRED, MLS# MRD12175271
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 824 North River Drive built and last sold?
The property at 824 North River Drive was built in and last sold on Sep 1, 2022 for $210,000.
How much is this home worth?
The estimated value of the home located at 824 North River Drive is $0.
What are some comparable homes to 824 North River Drive?
There are currently no comparable homes to 824 North River Drive.
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