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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
Utilities
  • Tenant Pays Unit 1A
  • Tenant Pays Unit 2A
Appliances
  • Appliances Unit 1O
  • Appliances Unit 2O
Schools
  • 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
$64,9002$32,450-3.39%7.732.03%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$700$110
Year Total$8,400$1,316
Expense
Total$10,599$10,599
Net Operating Income$-2,199$-9,283
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
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
148,6752476418364183247
248,61124765182129365494
348,54624765182194547741
448,48124765182259729988
548,416247651823259101,235
648,350247661813901,0921,482
748,285247661814561,2731,729
848,219247661815231,4531,976
948,152247661815891,6342,223
1048,086247671806561,8142,470
1148,019247671807231,9942,717
1247,952247671807902,1742,964
1347,885247671808572,3543,211

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

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