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338 W Merchant St, Kankakee, IL, 60901

$189,000

Home List Price

$2,244*

Closing Credit

4 Bedrooms
4 Baths
House

Location

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338 W Merchant St, Kankakee$189,000

Buyer Closing Credits

$2,244*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
ParkingOff Street
Year Built1885
HeatingNatural Gas
BasementYes
MLS #12183734
StatusActive

About 338 W Merchant St

KANKAKEE - 4 UNIT APARTMENT BUILDING - Excellent income producing property. 3 - 1 bedroom/1 bathroom units and 1 efficiency 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, #12183248 and 12195146 for property details. Near Downtown Kankakee, Farmers Market and Financial District of Kankakee. Great opportunity! Call Today!

Property Details

Property Features

Property Information:

  • Year Built: 1885

Listing Office:

  • Office Name: McColly Bennett Real Estate
  • Office Phone: (815) 929-9381
  • Listing Agent: Jay Tamblyn

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Parking: Off Street

Utilities

Utilities Information:

  • Heating: Natural Gas

Other

Directions Information:

  • Directions: Court st to 4th Ave, south to Merchant, Left to home on south side of the street

Price Information

Listing Price Info

Price Summary:

  • List Price: $189,000

Tax Information:

  • Annual Amount: $2,833
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Kankakee, IL.

Med. Sold Price

$155K

Med. Price/SqFt

$113

Avg. Days On Market

30

# of Sold Homes

31

338 W Merchant St vs Kankakee

42 DAYS ON ROCKET

+12 Days

$189,000

+$34K More

KEY TAKEAWAY

This property is $34K more than the Median Sold Price in Kankakee, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MRED
  • MLS Number: #12183734

Listing Office:

  • Office Name: McColly Bennett Real Estate
  • Office Phone: (815) 929-9381
  • Listing Agent: Jay Tamblyn

IDX Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.

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.

IDX Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.

All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

DIGITAL MILLENNIUM COPYRIGHT ACT (DMCA) NOTICE
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@theMLSGRID.co

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/4/2024, 9:15:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$2,833$19,371
2019$2,700$18,020
2018$2,600$16,685
2017$2,912$16,318

History based on county public records data.

Payment Calculator

$1,011

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$633

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-13763
2
/10
  • Steuben Elementary School

  • 520 S Wildwood Ave

  • 0.89 miles

  • Public District Grades PK-3

school-card-donut-13764
3
/10
  • John Kennedy Middle Grade School

  • 1550 W Calista St

  • 0.93 miles

  • Public District Grades 3-6

school-card-donut-13765
2
/10
  • Taft Primary School

  • 1155 W Hawkins St

  • 0.96 miles

  • Public District Grades KG-3

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $28,000. The most common annual income of people living in Kankakee, IL is less than $35k. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 338 W Merchant St

What is the listing price of this property?

The listing price of 338 W Merchant St property is $189,000.

What type of property is this?

The property 338 W Merchant St is a house located in Kankakee, Illinois, 60901.

Is this property for sale now?

Active Listing: 338 W Merchant St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $2,833 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 338 W Merchant St has 4 bedrooms and 4 bathrooms.

Which year was this property built?

The year of construction for 338 W Merchant St is 1885.

Rocket HomesIllinoisKankakee CountyKankakee60901338 W Merchant St

This home is located at 338 W Merchant St in Kankakee, IL and zip code 60901. This home was built in 1885. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since October 23, 2024 and is currently priced at $189,000.

In November 2024 more than 11 listings in Kankakee, IL were sold above the asking price. During the same period more than 7 listings were sold at asking price, while more than 13 were sold below. The inventory of homes for sale in Kankakee, IL between October 2024 and November 2024 increased by 11.3%. In November 2024, listings were on the market for 30 days. During the same period, the median list price in this real estate market was $155,000.

From Rocket Homes Real Estate and based on county public records data.

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