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Sold on 07/07/2019
Jerrick Longest of @properties

1561 W Merchant St, Kankakee, IL 60901

  • $170,000

    Last sold 07/07/2019 after 209 Days

  • 7

    bed

  • 4

    bath

Multi-family not for sale
Movoto is helping 12 homebuyers near you

About 1561 W Merchant St

Property type Multi-family
Neighborhood
Year built 1967
HOA fee $0/month
Property description
Great investor opportunity. ALL UNITS ARE RENTED!! New roof '17, New windows in 06, coin-op washer & dryer, Great cash flow and the convenient west Kankakee location.
Listed by
Listing Agent - Jerrick Longest
Listing Office - @properties
Source: MRED mls logo
MLS#10152839 • last updated 4 years ago
Movoto checked MRED for data 8 minutes ago
Overview
MLS # 10152839
SubType 2 Story Unit/s
Status Closed
Type Two To Four Units
Property Tax $ 6203
Year Built 1967
Buyer Agent Commission 2.5% - $375
Interior
Basement English, Other
Total # of Rooms 23
Exterior
Foundation Concrete Perimeter
Roof Asphalt
Parking Desc Space/s
# Parking Spaces 4
Lot Desc Less Than 0.25 Acre
Amenities / Utilities
Sewer/ Septic Desc Public Sewer
Water Source Public
# Units in Building 4
Location
Area Kankakee
County Kankakee
Elementary School District 111
Middle School District 111
High School District 111
APN 16093130400600
Zoning MULTI
Directions Court Street (RT 17) To Curtis Ave. South To Merchant. Left On Merchant To Property (on North Side
Multifamily Details
Expense: Other 3009
Net Operating Income 25703
Gross Income 34600
Expense: Electricity 415
Expense: Fuel 1768
Expense: Water/ Sewer 3109
Misc Income Coin Laundry
Total Rental Income 33600
We are not permitted to show value estimates for this property.
  • Aug 2019
    mls logo MLS # 10152839
  • Aug 28, 2019 Sold
    $170,000 (-5.5%)
  • May 30, 2019 Active
    —
  • May 15, 2019 Price Change
    $179,900 (-2.7%)
  • Feb 28, 2019 Listed
    —
  • Feb 19, 2019 Active
    —
  • Dec 10, 2018 Listed
    $184,900 (-13.0%)
  • Oct 2012
    mls logo MLS # 08195591
  • Oct 3, 2012 Sold
    $212,500 (-1.2%)
  • Nov 3, 2005 Listed
    $215,000
  • 1561 W Merchant St
    $170K
  • Kankakee
    —
  • 60901
    $185K +2% y/y
  • Kankakee
    $185K +2% 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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  • 1561 W Merchant St
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