Great investment opportunity you won't want to miss! This well-maintained, side-by-side townhome-style duplex features a classic brick exterior and is fully turnkey with separate utilities for each unit. Both units have been recently updated, including two spacious bedrooms and one and a half baths. The south unit brings in 1200/month in rent, while the north unit brings in 1175/month with tenants who are responsible for all utilities. Each unit is secured 1-year lease, with subsidized rental payments, ensuring steady income. Recently passing city inspections and fully licensed, this property promises both immediate cash flow and long-term stability. Schedule your Private showing today!
Closed
$159,000
516 S Rosewood Ave, Kankakee, IL 60901
4beds
--sqft
Multi Family
Built in ----
-- sqft lot
$186,900 Zestimate®
$--/sqft
$1,285 Estimated rent
Home value
$186,900
$161,000 - $211,000
$1,285/mo
Zestimate® history
Owner options
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$1,285/mo
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$1,285/mo
Rent Zestimate®
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$1,217/mo
Est. payment
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$1,217/mo
Est. payment
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List your homeWhat's special
Classic brick exteriorSpacious bedrooms
Zillow last checked:
Listing updated:
Listed by:
Paul Kirkpatrick 815-405-2964,
Exclusive Realtors
Bought with:
Melissa Giacomara
Coldwell Banker Realty
Source: MRED as distributed by MLS GRID,MLS#: 12272401
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 2
- 1/2 bathrooms: 2
Heating
- Natural Gas
Features
- Basement: Unfinished,Full
Property
Parking
- Total spaces: 4
- Parking features: On Site
Lot
- Size: 7,500 Square Feet
- Dimensions: 50X150
Details
- Parcel number: 16170522400300
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- New construction: No
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Kankakee
Financial & listing details
- Tax assessed value: $92,895
- Annual tax amount: $3,547
- Date on market: 1/16/2025
- Listing terms: Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 2/27/2025 | Sold | $159,000 |
Source:  MRED as distributed by MLS GRID #12272401 Report a problem | ||
| 1/20/2025 | Contingent | $159,000 |
Source: MRED as distributed by MLS GRID #12272401 Report a problem | ||
| 1/16/2025 | Listed for sale | $159,000+695% |
Source: MRED as distributed by MLS GRID #12272401 Report a problem | ||
| 3/3/2021 | Sold | $20,000+33.3% |
Source: Public Record Report a problem | ||
| 12/14/2017 | Sold | $15,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,681 +3.8% | $30,965 +12.3% |
| 2023 | $3,547 +7.5% | $27,585 +14.3% |
| 2022 | $3,300 +5.9% | $24,144 +10.5% |
| 2021 | $3,116 +7.8% | $21,850 +11.3% |
| 2020 | $2,892 +4.9% | $19,640 +7.5% |
| 2019 | $2,756 -7.2% | $18,270 +8% |
| 2018 | $2,969 | $16,917 +2.2% |
| 2017 | $2,969 +6.7% | $16,545 +2% |
| 2016 | $2,783 +3.5% | $16,221 -2% |
| 2015 | $2,689 | $16,552 -10.6% |
| 2014 | $2,689 | $18,515 -4% |
| 2013 | -- | $19,286 -4.5% |
| 2012 | -- | $20,198 -21.6% |
| 2011 | -- | $25,754 -19.7% |
| 2009 | $3,690 -0.5% | $32,068 |
| 2008 | $3,707 | $32,068 +43.7% |
| 2002 | -- | $22,320 |
| 2001 | -- | $22,320 |
| 2000 | -- | $22,320 |
Find assessor info on the county website
Neighborhood: 60901
Nearby homes
- $70,695-- bd-- ba-- sqft530 S Rosewood Ave, Kankakee, IL 60901Off Market
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- $71,913-- bd-- ba-- sqft542 S Rosewood Ave, Kankakee, IL 60901Off Market
- $55,0003 bd1 ba1.1k sqft860 E Bourbonnais St, Kankakee, IL 60901For Sale
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Nearby schools
GreatSchools rating
- 2/10Steuben Elementary SchoolGrades: PK-3Distance: 0.1 mi
- 4/10Kankakee Junior High SchoolGrades: 7-8Distance: 1.2 mi
- 4/10Kankakee High SchoolGrades: 9-12Distance: 1.7 mi
Schools provided by the listing agent
- District: 111
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Illinois
- Kankakee County
- Kankakee
- 60901
- 516 S Rosewood Ave
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