Find the home or investment property you’ve been looking for!

Quick Search

Select Search Area

Selected Areas (10)
Listing Types

Property Features

2 Flat 307 309 5th Kankakee IL Mu

City: KANKAKEE ZIP: 60901

Built In: 1900

Lot Size: A

Lot Dimensions: 65X100

# of Units: 2

Unit 1 Floor 1: 2 bedrooms 1 baths $700

Unit 2 Floor 1: 2 bedrooms 1 baths $0

Detailed Listing Description

OUTSTANDING VALUE! great return for your investment! 2 units side by side one rented for $700 a month, and the other unit waiting to be rented out, with 2 bedrooms, 1.5 bathrooms in each unit, 3/4 basement can be accessed from 309 and has a laundry hook ups. Very convenient location close to hospitals, grocery stores, library and banks, selling as is

Additional Property Details

Garage & Parking
  • ParkingN
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
  • Tenant Pays Unit 1A
  • Tenant Pays Unit 2A
  • Appliances Unit 1O
  • Appliances Unit 2O
  • Grade School District111
  • Jr High/Middle School District111
  • High School District111

Comparative Data

Zip Code Comparison: 60901

Listings in this Zip Code average: 4 to 5 units, and are priced at $74,088 to $0
This listing is 18% more than other 2 unit listings in this zipcode.

Calculated Rents
Rental Income : Annual $8,400 Monthly $700
Rental Income Stabilized : Annual $1,316 Monthly $110
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$700$110
Year Total$8,400$1,316
Net Operating Income$-2,199$-9,283
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Mortgage $786 $2175 $2961 $247
Total         $786 $2,175 $2,961   $-5,160 $786 $-4,374
Stabilized         $786 $2,175 $2,961   $-12,244 $786 $-11,458
Custom         $786 $2175 $2961   $-12244 $786 $-11458

MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments

Explore Nearby Neighborhoods

Logan SquareNearby Neighborhoods X Plus Real Estate

Logan Square

West TownNearby Neighborhoods X Plus Real Estate

West Town

Humboldt ParkNearby Neighborhoods X Plus Real Estate

Humboldt Park

Listing Agent: Azza Tawfik
Listing Office: McColly Bennett Real Estate

© 2017 Midwest Real Estate Data, LLC (MRED). The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data, LLC (MRED). Real Estate listings held by brokerage firms other than X Plus Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.