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Sold on 08/24/2023
Lee LaMontagne of Coldwell Banker Realty

156 S May Ave, Kankakee, IL 60901

  • $165,000

    Last sold 08/24/2023 for $168K

  • 4

    bed

  • 4

    bath

Multi-family not for sale
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About 156 S May Ave

Property type Multi-family
Neighborhood
Year built 1950
HOA fee $0/month
Lot size 7,405 Sqft
Movoto estimate
Parking 3 garage spaces
Property description
Great investment and money making opportunity! Well maintained brick 3- building. 2 - 2 Bdrm units and an efficiency/studio unit in the basement! All have current leases. $2280 gross income per month! Rents could be raised to match market price too. Ownership pays some utilities. One thermostat on main floor controls heat for the entire building and is the only unit with access to the washer/dryer. 2 car heated detached garage. Lower unit rents for $450, middle unit rents for $900, Upper rents for $730, garage rents for $200. All rents current. ALL BUYERS REQUIRED TO SHOW PROOF OF FUNDS OR PREAPPROVAL PRIOR TO ENTERING PER SELLER.
Listed by
Listing Agent - Lee LaMontagne
Listing Office - Coldwell Banker Realty
Source: MRED mls logo
MLS#11844900 • last updated 2 years ago
Movoto checked MRED for data 31 minutes ago
Overview
Heating Natural Gas
MLS # 11844900
SubType 2 Story Unit/s
Status Closed
Type Two To Four Units
Lot Size (Acres) 0.17
Property Tax $ 5838
Year Built 1950
Buyer Agent Commission 2.5%, Net Sale Price
Interior
Basement Full
Total # of Rooms 12
Exterior
Garage Desc Heated, Detached
# Garage Spaces 2.5
Parking Desc Garage
# Parking Spaces 2.5
Lot Desc Less Than 0.25 Acre
Amenities / Utilities
Sewer/ Septic Desc Public Sewer
Water Source Public
# Units in Building 3
Location
Area Kankakee
County Kankakee
Elementary School John Kennedy Middle Grade School
Elementary School District 111
High School Kankakee High School
Middle School District 111
Middle School Lincoln Cltrl Ctr-Montessori Ele
High School District 111
APN 16093140500500
Directions W Court St To South On May Ave.
Multifamily Details
Net Operating Income 13733
Gross Income 24120
$165K
Range: $113K-$216K
Last 30 days 
  • Nov 2023
    mls logo MLS # 11844900
  • Nov 25, 2023 Sold
    $168,000 (-6.6%)
  • Aug 25, 2023 Pending
    —
  • Aug 24, 2023 Pending
    —
  • Aug 7, 2023 Price Change
    $179,900 (-5.3%)
  • Jul 28, 2023 Listed
    $189,900
  • Jul 28, 2023 Listed
    $189,900 (+72.6%)
  • Apr 2021
    mls logo MLS # 10994608
  • Apr 6, 2021 Sold
    $110,000 (-8.3%)
  • Mar 7, 2021 Active
    —
  • Feb 12, 2021 Listed
    $120,000
  • 156 S May Ave
    $168K
  • Kankakee
    —
  • 60901
    $189K +18% y/y
  • Kankakee
    $189K +18% y/y
No chart available
Statistics calculated by Movoto

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3/10
John Kennedy Middle Grade School
public Grades 2-6
Kankakee School District 111
1/10
Taft Primary School
public Grades K-3
Kankakee School District 111
2/10
Kankakee Junior High School
public Grades 7-8
Kankakee School District 111
1/10
Kankakee High School
public Grades 9-12
Kankakee School District 111
Source: GreatSchools.org © 2026. All rights reserved.

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