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Kankakee 60901
867 S Elm Avenue
$109,900
● House - Off Market

867 S Elm Avenue

Kankakee, IL 60901
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,068 Ft²
$111,815
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model

About This Property

This Charming House is Move in Ready! Freshly painted and well cared for! 3 Bedrooms and 1 1/2 Bathrooms. There is a main level bedroom.  Fenced in back yard with a nice 2 car detached garage. New Furnace and AC in 2021. Vinyl windows. Water heater was replaced approx. 2 years ago. Plaster was removed and replaced with drywall along with updated electric a few years ago. It's Cute! It's Ready! Come Check it Out!
Unit Size
1,068 Ft²
Days on Market
-
Land Size
-
Price per sqft
$103
Property Type
House
Property Taxes
$240
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 #11700626)

Price History

Date / Event Date Event Price
Apr 21, 2023 Sold
Premium
Sold
Jan 13, 2023 Listed by Coldwell Banker Realty $109,900
Listed by Coldwell Banker Realty

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: 7,250
  • 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: RIVERVIEW SUB
  • Land Acres: 0000000166
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: RIVERVIEW SUB LOT 11 BLK 24 05-30-13W

Neighborhood

  • School District Name: Kankakee School District 111
  • Census Tract: 012400

Geography

  • District: 16
  • Parcel: 16-17-05-418-014
  • Block: 24
  • Lot: 11
  • Municipality: KANKAKEE
  • Latitude: 41.1091
  • Longitude: -87.8521

    Address

  • Full Address: 867 S Elm Ave
  • Address - House Number: 867
  • Street Direction: S
  • Address - Street Name: Elm
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Kankakee
  • Carrier Code: C003
  • 4-Digit Zip Code: 5427
  • Zip Code: 60901

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $304,664
  • Tax Rate Code Area: 16003

    Appraisal Valuation

  • Standard Deviation: 0.2666
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 62
  • Final Value: 101,707
  • High Value: 128,813
  • Low Value: 74,601

    Market Valuation

  • Market Total Value: $76,845
  • Market Land Value: $15,057
  • Market Improvement Value: $61,788

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $25,615
  • Assessed Land Value: $5,019
  • Assessed Improvements Value: $20,596

    Sales

  • Current Sale Contract Date: Apr 21, 2023
  • Current Sale Recording Date: Apr 27, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3803
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

1323 ft²

Average Home Age

91.8 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

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MRED

Listed by: Dana Miramontes, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11700626
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 867 South Elm Avenue built and last sold?
The property at 867 South Elm Avenue was built in and last sold on Apr 21, 2023 for $109,900.
How much is this home worth?
The estimated value of the home located at 867 South Elm Avenue is $111,973.
What are some comparable homes to 867 South Elm Avenue?
There are currently no comparable homes to 867 South Elm Avenue.
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