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Kankakee 60901
855 W Bridge Street
$95,000
● House - Off Market

855 W Bridge Street

Kankakee, IL 60901
bedrooms
2 Beds
bathrooms
1 Bath
square feet
800 Ft²
$666
Est. Monthly
18.35%
Cap Rate

About This Property

Welcome to 855 W Bridge St!    This charming 2 bed, 1 bath home was fully rehabbed in 2012, featuring a new kitchen and bathroom. The eat-in kitchen boasts a breakfast bar island, while the large living room provides ample space to relax. The master bedroom suite includes a lovely master bathroom and laundry hookups.    Additional features:  - Full basement, perfect for storage  - Nice shed in the back  - 1 paved parking spot  - Converted 1-car garage now serves as a heated and cooled bedroom but can be reverted if needed  - Carport     Move-in ready and sure to go fast! This is a must-see property!
Unit Size
800 Ft²
Days on Market
-
Land Size
-
Price per sqft
$113
Property Type
House
Property Taxes
$223
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: 2 years ago (MRED MLS #12122252)

Price History

Date / Event Date Event Price
Nov 22, 2024 Sold
Premium
Sold
Sep 4, 2024 In contract -
In contract
Aug 26, 2024 Price Decreased $89,999
↓ $10K (10%)
Price Decreased
Jul 26, 2024 Listed by Village Realty Inc $99,999
Listed by Village Realty Inc

Property Highlights

Parking Available

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: 2,365
  • 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: CHAPMAN SUB
  • Land Acres: 0000000054
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: LECOUR-CHAPMAN SUB E 50' LOT 8 BLK 3 31-31-12E

Neighborhood

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

Geography

  • District: 16
  • Parcel: 16-09-31-417-009
  • Block: 3
  • Lot: 8
  • Municipality: KANKAKEE
  • Latitude: 41.1231
  • Longitude: -87.8757

    Address

  • Full Address: 855 W Bridge St
  • Address - House Number: 855
  • Street Direction: W
  • Address - Street Name: Bridge
  • Address - Suffix Type: St
  • State: IL
  • City Name: Kankakee
  • Carrier Code: C020
  • 4-Digit Zip Code: 3552
  • Zip Code: 60901

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $249,466
  • Tax Rate Code Area: 16003

    Appraisal Valuation

  • Standard Deviation: 0.263
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 62
  • Final Value: 62,706
  • High Value: 79,192
  • Low Value: 46,219

    Market Valuation

  • Market Total Value: $62,922
  • Market Land Value: $5,478
  • Market Improvement Value: $57,444

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $20,974
  • Assessed Land Value: $1,826
  • Assessed Improvements Value: $19,148

    Sales

  • Current Sale Contract Date: Nov 22, 2019
  • Current Sale Recording Date: Nov 22, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 33
  • Current Sale Input Document Number: 13279
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

$120

Below Asking

0.03%

Average Days on Market

64

Average Home Size

1211 ft²

Average Home Age

93 years

Currently For Sale

55 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

Rentals Near You

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MRED

Listed by: Dustin Kooy, Village Realty Inc
Last Updated: 2 years ago
Data Source: MRED, MLS# 12122252
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 855 West Bridge Street built and last sold?
The property at 855 West Bridge Street was built in and last sold on Nov 22, 2019 for $30,000.
How much is this home worth?
The estimated value of the home located at 855 West Bridge Street is $0.
What are some comparable homes to 855 West Bridge Street?
There are currently no comparable homes to 855 West Bridge Street.
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