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Sold on 09/16/2021
Brenda Ervin of Coldwell Banker Realty

491 S Chicago Ave, Kankakee, IL 60901

$149,000

Last sold 09/16/2021 for $40K

  • 6

    bed

  • 4

    bath

Multi-family not for sale
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About 491 S Chicago Ave

Property type Multi-family
Neighborhood
Year built 1920
HOA fee $0/month
Movoto estimate
Parking 2 garage spaces
Property description
KANKAKEE 3 FLAT CLOSE TO DOWNTOWN - FOR SALE! GREAT INVESTMENT OPPORTUNITY! FULLY OCCUPIED Income producing 3 Flat NEEDS SOME WORK! POTENTIAL Unfinished 1 bedroom in basement COULD BE 4TH UNIT!! There is one adjacent home also listed at this time by the same owner, so there are a total of 4 units available, all right next to each other! Look up MLS #s 10748513 to see the neighboring properties! Financials available upon request! PROPERTY NEEDS REHABBING! Properties can be purchased as a package along with MLS #s: 10748513, 10748520, 10748526, 10748527!! NOTE: CALL ME FOR INFO ON 4 PACKAGE PORTFOLIO!!! SERIOUS INQUIRIES ONLY!! SOLD AS IS!!!!
Listed by
Listing Agent - Brenda Ervin
Listing Office - Coldwell Banker Realty
Source: MRED mls logo
MLS#10748524 • last updated 4 years ago
Movoto checked MRED for data 10 minutes ago
Overview
MLS # 10748524
Virtual Tour N/A
SubType 3 Flat
Status Closed
Type Two To Four Units
Property Tax $ 2979.84
Year Built 1920
Buyer Agent Commission 2.5%
Interior
# Full Baths 4
Basement Full
Total # of Rooms 16
Exterior
Foundation Concrete Perimeter
Roof Slate
Exterior Vinyl Siding
# Garage Spaces 2
# Parking Spaces 6
Garage Desc Attached
Exterior Features Porch
Lot Desc Less Than 0.25 Acre, Corner Lot
Amenities / Utilities
Sewer/ Septic Desc Public Sewer
Water Source Public
# Units in Building 3
Location
Area Kankakee
County Kankakee
Elementary School District 111
Middle School District 111
High School District 111
APN 16170511601900
Zoning MULTI
Multifamily Details
Gross Income 11400
Total Rental Income 950
$149K
Range: $128K-$169K
Last 30 days 
  • Jun 2026
    mls logo MLS # 12562010
  • Jun 2, 2026 Active
    —
  • Apr 13, 2026 Price Change
    $160,000 (-3.0%)
  • Feb 5, 2026 Listed
    $165,000 (+312.5%)
  • May 2022
    mls logo MLS # 10748524
  • May 24, 2022 Sold
    $40,000
  • Oct 29, 2021 Active
    —
  • Jun 16, 2020 Listed
    $80,000 (+166.7%)
  • May 2022
    Public Records
  • May 23, 2022 Sold
    $40,000 (-50.0%)
  • Oct 2012
    mls logo MLS # 08202877
  • Oct 2, 2012 Sold
    $30,000 (-2.9%)
  • Aug 1, 2000 Listed
    $30,900
  • Year Property taxes Tax assessment
  • 2024
    $3,849 +3.8%
    $31,901
  • 2023
    $3,709 +9.1%
    $31,901 +12.25%
  • 2022
    $3,400 +5.9%
    $28,420 +14.25%
  • 2021
    $3,211 +7.8%
    $24,875 +10.5%
  • 2020
    $2,980 +4.9%
    $22,512 +11.25%
  • 2019
    $2,840 +3.9%
    $20,236 +7.5%
  • 2018
    $2,734 -4.7%
    $18,824 +10.42%
  • 2016
    $2,868 +3.5%
    $17,047 -0.04%
  • 2015
    $2,771 -6.6%
    $17,054
  • 2014
    $2,967
    —
  • 491 S Chicago Ave
    $40K
  • Kankakee
    —
  • 60901
    $195K +16% y/y
  • Kankakee
    $195K +15% y/y
No chart available
Statistics calculated by Movoto

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2/10
Steuben Elementary School
public Grades PK, K-3
Kankakee School District 111
3/10
John Kennedy Middle Grade School
public Grades 2-6
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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