For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Kankakee 60901
981 S 3rd Avenue
$196,000
● House - Off Market

981 S 3rd Avenue

Kankakee, IL 60901
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,272 Ft²
$1,310
Est. Monthly
11.37%
Cap Rate

About This Property

Welcome to 981 S 3rd, Kankakee! This meticulously renovated 2-story home exudes charm and character. Featuring 3 spacious bedrooms and 1.5 modern updated bathrooms. Step into your gourmet custom kitchen, complete with custom cabinetry, quartz countertops, high end stainless steel appliances, marble backsplash, and stunning under-cabinet lighting. No detail was missed in this kitchen remodel. The main bathroom has been fully remodeled as well featuring custom cabinetry, gold fixtures, and a walk in shower.  Enjoy peace of mind with recent basement waterproofing. Backyard features a brand new vinyl fence.  This home has all the charm and modern amenities you've been looking for. Make it yours today!
Unit Size
1,272 Ft²
Days on Market
-
Land Size
-
Price per sqft
$153
Property Type
House
Property Taxes
$352
HOA Dues
-
Year Built
-

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #12096998)

Price History

Date / Event Date Event Price
Sep 11, 2024 Sold
Premium
Sold
Aug 6, 2024 In contract -
In contract
Jul 14, 2024 Price Decreased $194,999
↓ $5K (2.5%)
Price Decreased
Jun 28, 2024 Listed by Village Realty Inc $199,999
Listed by Village Realty Inc
Aug 4, 2023 Sold
Premium
Sold
Show More

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: 7,500
  • 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: 0000000172
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: SOUTH ADDN LOT 13 BLK 17 06-30-13W

Neighborhood

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

Geography

  • District: 16
  • Parcel: 16-17-06-417-016
  • Block: 17
  • Lot: 13
  • Municipality: KANKAKEE
  • Latitude: 41.1098
  • Longitude: -87.8714

    Address

  • Full Address: 981 S 3rd Ave
  • Address - House Number: 981
  • Street Direction: S
  • Address - Street Name: 3rd
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Kankakee
  • Carrier Code: C012
  • 4-Digit Zip Code: 4904
  • Zip Code: 60901

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $393,250
  • Tax Rate Code Area: 16003

    Appraisal Valuation

  • Standard Deviation: 0.263
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 62
  • Final Value: 127,814
  • High Value: 161,418
  • Low Value: 94,210

    Market Valuation

  • Market Total Value: $99,189
  • Market Land Value: $15,057
  • Market Improvement Value: $84,132

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $33,063
  • Assessed Land Value: $5,019
  • Assessed Improvements Value: $28,044

    Sales

  • Current Sale Contract Date: Aug 04, 2023
  • Current Sale Recording Date: Aug 10, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7452
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:

$159,900

Sale Price/ft²

$119

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

Click here to view more rentals in the neighborhood.
MRED

Listed by: Dustin Kooy, Village Realty Inc
Last Updated: 3 years ago
Data Source: MRED, MLS# 12096998
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 981 South 3rd Avenue built and last sold?
The property at 981 South 3rd Avenue was built in and last sold on Aug 4, 2023 for $138,000.
How much is this home worth?
The estimated value of the home located at 981 South 3rd Avenue is $0.
What are some comparable homes to 981 South 3rd Avenue?
There are currently no comparable homes to 981 South 3rd Avenue.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Kankakee Homes for Sale
Kankakee Houses for Sale
Kankakee Condos for Sale
Kankakee Townhouses for Sale
Kankakee Multifamily for Sale
Kankakee Land for Sale
Kankakee Commercial for Sale
Kankakee Homes with Basements
Nearby Cities
Bourbonnais Homes for Sale
Bradley Homes for Sale
Limestone Homes for Sale
St. Anne Homes for Sale
Aroma Park Homes for Sale
Chebanse Homes for Sale
Sun River Terrace Homes for Sale
Sammons Point Homes for Sale
Nearby Property Records
Kankakee County, IL Property Records
Iroquois County, IL Property Records
Newton County, IN Property Records
Will County, IL Property Records
Grundy County, IL Property Records
Jasper County, IN Property Records
Livingston County, IL Property Records
Lake County, IN Property Records
Nearby Counties
Bourbonnais Homes for Sale
Aroma Homes for Sale
Limestone Homes for Sale
Otto Homes for Sale
Chebanse Homes for Sale
Papineau Homes for Sale
Top Real Estate Agents
Top Agents in Kankakee
Top Agents in Bourbonnais
Top Agents in 60901
Top Agents in 60914
Top Agents in Bourbonnais
Top Agents in Bradley
Top Agents in 60950
Top Agents in 60915