307 North 5th Avenue
307 North 5th Avenue
$69,900
4
2
2
1,584
1,584
$44
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...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.
- Listed by Rory Hertzberg • Coldwell Banker Realty
- Listed by Carson Turner • Coldwell Banker Realty
Property Details for 307 North 5th Avenue
Area
Kankakee
TownshipKankakee
OwnershipFee Simple
Num Of Parking Spaces0.0
Heat/FuelNatural Gas
ZoningMULTI
Location
LISTING UPDATED: 05/02/2024 12:07 AM
Property Details for 307 North 5th Avenue
Status | Active |
---|---|
MLS # | 12011465 |
Days on Market | 37 |
Taxes | $4,169 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Two to Four Units / 2 Story Unit/S |
Year Built | 1900 |
Lot Size | 0.15 AC / 6,500 SF |
County | Kankakee County |
Location
Building Information for 307 North 5th Avenue
Stories-Residences2Year Built1900Building Size-Lot Size0.15 AC / 6,500 SF
Payment Calculator
$729 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 307 North 5th Avenue
Property History for 307 North 5th Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 307 North 5th Avenue
Taxable ValueLand$3,919Additions$30,838Total$34,757
Tax Record2022$4,134 ($345 / month)
Home Facts
Beds0Lot Size6,500 SqFtStyleSingle Family ResidenceCountyKANKAKEEAPN16-09-32-311-012
Schools near 307 North 5th Avenue
This home is within Kankakee School District 111.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | 3 to 6 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 12 |
Rating | School | Distance |
---|---|---|
John Kennedy Middle Grade School Public3 to 6 | ||
Kankakee Junior High School Public7 to 8 | ||
Kankakee High School Public9 to 12 | ||
Avis Huff Student Support Service PublicK to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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