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Kankakee 60901
880 S 4th Avenue
$112,000
● House - Off Market

880 S 4th Avenue

Kankakee, IL 60901
bedrooms
2 Beds
bathrooms
1 Bath
square feet
816 Ft²
$634
Est. Monthly
17.26%
Cap Rate

About This Property

This cozy 2-bedroom, 1-bath ranch home is ready for its next owner! Featuring hardwood floors in the living room and bedrooms, this home offers timeless appeal and warmth. The spacious full basement provides plenty of storage space or the potential to finish for additional living area.  Other standout features include a 1-car attached garage, a beautifully updated front porch, and major updates for peace of mind: a newer furnace (installed in 2018), and updated Anderson windows and doors.  Don't miss your chance to make this move-in-ready gem your new home!
Unit Size
816 Ft²
Days on Market
-
Land Size
-
Price per sqft
$135
Property Type
House
Property Taxes
$94
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
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: 3,750
  • 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: 0000000086
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: SOUTH ADDN W 62' SH LOT 11 & W 62' N 35' LOT 14 BLK 13

Neighborhood

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

Geography

  • District: 16
  • Parcel: 16-17-06-410-009
  • Block: 13
  • Lot: 11,14
  • Municipality: KANKAKEE
  • Latitude: 41.1112
  • Longitude: -87.872

    Address

  • Full Address: 880 S 4th Ave
  • Address - House Number: 880
  • Street Direction: S
  • Address - Street Name: 4th
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Kankakee
  • Carrier Code: C012
  • 4-Digit Zip Code: 4919
  • Zip Code: 60901

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $119,678
  • Tax Rate Code Area: 16003

    Appraisal Valuation

  • Standard Deviation: 0.263
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 62
  • Final Value: 97,061
  • High Value: 122,579
  • Low Value: 71,542

    Market Valuation

  • Market Total Value: $89,721
  • Market Land Value: $11,391
  • Market Improvement Value: $78,330

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $29,907
  • Assessed Land Value: $3,797
  • Assessed Improvements Value: $26,110

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 02, 2018
  • Current Sale Recording Date: Nov 07, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 12443
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

$120

Below Asking

0.02%

Average Days on Market

65

Average Home Size

1383 ft²

Average Home Age

90.6 years

Currently For Sale

52 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: J Andy Czako, McColly Bennett Real Estate
Data Source: MRED, MLS# MRD12317244
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 880 South 4th Avenue built and last sold?
The property at 880 South 4th Avenue was built in and last sold on Nov 2, 2018 for $52,000.
How much is this home worth?
The estimated value of the home located at 880 South 4th Avenue is $109,675.
What are some comparable homes to 880 South 4th Avenue?
There are currently no comparable homes to 880 South 4th Avenue.
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