322 West Merchant Street

Kankakee, IL 60901

$110,000
Price
3
Beds
2
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

KANKAKEE - 2 UNIT APARTMENT BUILDING - Excellent income producing property. 1 - 1 bedroom/1 bathroom unit and 1 - 2 bedroom/1 bathroom unit in good condition at great rental rates. Current rental license up to date. 2 neighboring properties also available for a total of 10 units all adjacent, see MLS #12183285, #12183734, and#12195146 for other property details. Near Downtown Kankakee, Farmers Market and Financial District of Kankakee. Great opportunity! Call Today!KANKAKEE - 2 UNIT APARTMENT BUILDING - Excellent income producing property. 1 - 1 bedroom/1 bathroom unit and 1 - 2 bedroom/1 bathroom unit in good condition at great rental rates. Current rental license up to date. 2 neighboring properties also available for a total of 10 units all adjacent, see MLS #12183285, #12183734, and#12195146 for other property details. Near Downtown Kankakee, Farmers Market and Financial District of Kankakee. Great opportunity! Call Today!
  1. Listed by Jay Tamblyn • McColly Bennett Real Estate

Property Details for 322 West Merchant Street

Area
Kankakee
Township
Kankakee
Ownership
Fee Simple
Num Of Parking Spaces
4.0
Heat/Fuel
Natural Gas
LISTING UPDATED: 10/29/2024 12:06 AM

Property Details for 322 West Merchant Street

StatusActive
MLS #12183248
Days on Market22
Taxes$2,495 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 2 Story Unit/S
Year Built1885
Lot Size0.05 AC / 2,012 SF
CountyKankakee County

Building Information for 322 West Merchant Street

Stories-Residences2Year Built1885Building Size-Lot Size0.05 AC / 2,012 SF

Property Information for 322 West Merchant Street

General Information
School Information
  • Elementary School District: 111
  • High School District: 111
  • Middle Or Junior School District: 111
Addtl Parking Information
  • Parking: Space/s
  • Parking Details: Off Street
  • Parking On Site: false
  • Parking Ownership: N/A
Property Information
Interior Features
  • Num Of Rooms: 9
  • Bedrooms (Below Grade): 0
  • Basement Type: Full
  • Bedrooms Possible: 3
  • Basement Description: Unfinished
  • # Full Baths in Building: 2
  • # Half Baths in Building: 0
  • Num of Baths: 2.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2023
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 40.25X50
  • Total # Units in Building: 2.0
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding
  • General Information: Commuter Bus
  • 3 Br Un In Bldg: No
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 1
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Gross Income: $20,700.00
  • Net Operating Income: $9,655.00
Unit 1
  • Unit Type Actual Rent: $775.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 12/24
Unit 2
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 00/00

Property History for 322 West Merchant Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 322 West Merchant Street

Taxable ValueLand$1,703Additions$17,810Total$19,513
Tax Record2023$2,495 ($208 / month)
Home Facts
Beds0Lot Size2,013 SqFtStyleSingle Family ResidenceCountyKANKAKEEAPN16-09-32-335-020

Schools near 322 West Merchant Street

This home is within Kankakee School District 111.
Rating
School
Type
Grades
Distance
Public - 2 to 6
Public - 7 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
John Kennedy Middle Grade School
Public2 to 6

Kankakee Junior High School
Public7 to 8

Kankakee High School
Public9 to 12

Avis Huff Student Support Service
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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322 West Merchant Street is a multi-family home for sale in Kankakee, IL 60901. This property was listed for sale on October 23, 2024 by McColly Bennett Real Estate, it's currently listed at $110,000. It has been on the market for a total of 22 days and was last sold on June 27, 2022. This listing's school district is Kankakee School District 111. Nearby schools include John Kennedy Middle Grade School, Kankakee Junior High School and Kankakee High School. 322 West Merchant Street is a 3-bed, 2-bath, multi-family home built in 1885.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of McColly Bennett Real Estate

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 10/29/2024 12:06 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.