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Kankakee 60901
832 S Cheryl Lane
$190,000
● House - Off Market

832 S Cheryl Lane

Kankakee, IL 60901
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,820 Ft²
$934
Est. Monthly

About This Property

Come take a look at this very well cared for home in West Kankakee in the highly sought after Gracefield subdivision! 4 Bedrooms, 1 full bathroom, and 1 half bathroom on the lower level. 2 car attached garage with a nice sized driveway that provides plenty of parking. Newer roof, vinyl windows, and siding where it exists. New kitchen flooring recently, the rest of the home has carpet. Home is priced to sell quickly. This home is an estate sale and being sold as-is. Come in and make it your own!
Unit Size
1,820 Ft²
Days on Market
-
Land Size
-
Price per sqft
$104
Property Type
House
Property Taxes
$1
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

Garage
Parking Available
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: 8,635
  • 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: GRACEFIELD SUB
  • Land Acres: 0000000198
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: GRACEFIELD SUB 2ND ADDN LOT 16 BLK 15 01-30-14W

Neighborhood

  • School District Name: Kankakee School District 111
  • Census Tract: 012300

Geography

  • District: 16
  • Parcel: 16-16-01-412-004
  • Block: 15
  • Lot: 16
  • Municipality: KANKAKEE
  • Latitude: 41.1111
  • Longitude: -87.8937

    Address

  • Full Address: 832 S Mckinley Ave
  • Address - House Number: 832
  • Street Direction: S
  • Address - Street Name: Mckinley
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Kankakee
  • Zip Code: 60901

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $562
  • Tax Rate Code Area: 16003

    Appraisal Valuation

  • Standard Deviation: 0.2147
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 70
  • Final Value: 182,965
  • High Value: 222,266
  • Low Value: 143,665

    Market Valuation

  • Market Total Value: $163,137
  • Market Land Value: $17,409
  • Market Improvement Value: $145,728

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $54,379
  • Assessed Land Value: $5,803
  • Assessed Improvements Value: $48,576

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 20, 2006
  • Current Sale Recording Date: Feb 23, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 36

    Last Sale Mortgage

  • Second Mortgage Loan Amount:
    Premium
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
Unit for rent at 250 N Entrance Avenue, Kankakee, IL, 60901

$850 /mo

  • 1 Bed
  • 1 Bath
  • 700 ft²
250 N Entrance Avenue #8B, Kankakee, IL, 60901 Listing by Travis Wilson

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Norman Gaskin, Berkshire Hathaway HomeServices Speckman Realty
Data Source: MRED, MLS# MRD12495695
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 832 South Cheryl Lane built and last sold?
The property at 832 South Cheryl Lane was built in and last sold on Dec 20, 2006 for $156,000.
How much is this home worth?
The estimated value of the home located at 832 South Cheryl Lane is $0.
What are some comparable homes to 832 South Cheryl Lane?
There are currently no comparable homes to 832 South Cheryl Lane.
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