Price Reduction
Address
307 N 5th Avenue, Kankakee, IL
Price
$ 59,999
Property Attributes
- MLS#12011465
- TypePending
- CountyKANKAKEE
- CityKankakee
- AreaKankakee
- Zip60901
- Style
- Year Built1900
- Taxes$ 4169
- Price$ 59,999
- Bedrooms4
- Full Bathrooms4
- Half Bathrooms2
- Sqr Footage1584
Data Source:
Midwest Real Estate Data (MRED)
Property Description
Welcome to 307 and 309 North 5th Avenue in Kankakee, Illinois. This two-unit property presents an opportunity for savvy investors willing to roll up their sleeves and unlock its full potential. With a little rehab and sweat equity, each unit can become a lucrative source of cash flow. Boasting two bedrooms and one and a half bathrooms in each unit, the layout is tailored for rental investment purposes. One unit enjoys exclusive access to the entire basement, adding to its appeal for tenants seeking additional space. While this property isn't turnkey, its underlying value is undeniable. Priced at $40,000 per unit, it offers significant upside potential. Comparable units in the area command rents ranging from $900 to $1,100, indicating promising returns on investment. It's important to note that this is a tax deed sale, and as such, the property must remain on the market for seven days before considering any offers. With a strategic approach to repair and maintenance, this property holds the promise of long-term profitability for discerning investors.
| Price History | |
|---|---|
| 3/29/2024 | Listed $79,900 |
| 4/27/2024 | 13% - $69,900 |
| 5/16/2024 | 15% - $59,999 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Natural Gas |
| Possession | Negotiable |
| Zoning | MULTI |
| Year Built | 1900 |
| Township | Kankakee |
| Tax Year | 2022 |
| Percent Ownership | Fee Simple |
| County | Kankakee |
| New Construction | No |
| Property Type | Residential Income |
| Total Rooms | 10 |
| Status | Pending |
| Directions | I-57 to Rt. 17 (Court St. Exit) go west,through the city,turn N on 5th. Ave. 2nd. hm. on W side af |
| City | Kankakee |
| High School District | 111 |
| MLS Area | Kankakee |
| Waterfront Y/N | No |
| Street Name | 5th |
| Tax Annual Amount | 4169.02 |
| Days on Market | 51 |
| Standard Status | Pending |
| Middle/Junior School District | 111 |
| Elementary School District | 111 |
| Property Type | Two to Four Units |
Interior Features
| Basement | Full |
|---|---|
| Street Suffix | Avenue |
| Total Bedrooms | 4 |
| Total Baths | 4 |
| Bedrooms Possible | 4 |
| Basement | Unfinished |
| Full Baths Building | 2 |
| Half Baths Building | 2 |
| Total Number of Units | 2 |
Exterior Features
| Water Source | Public |
|---|---|
| Lot Dimensions | 65X100 |
| Exterior | Vinyl Siding |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Pending Average in 60901
Price
Taxes
Visits
Year Built
Midwest Real Estate Data (MRED) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than NextHome Select Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2024 All rights reserved.Based on information submitted to the MLS GRID as of May 25, 2024 12:26 PM UTC 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.
Data is updated as of May 25, 2024 12:26 PM UTC
