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385 7th Ave

Kankakee, IL 60901

2 bd 1 ba 1,300 sqft Built 1920 Lot 12,500 sqft single_family
Most recent sale
$75,500
Sep 14, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Jul 3, 2025 Sold $113,000 MRED
May 31, 2025 Listed $120,000 MRED
Sep 14, 2022 Sold $75,500 MLS #11440460
Jun 20, 2022 Listed $69,900 MLS #11440460
Jan 31, 2018 Sold $55,459 Public Record
Nov 24, 2009 Sold $70,000 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2024 $20,166 $7,208 $27,374 $3,236
2022 $15,724 $5,620 $21,344 $2,900
2021 $14,230 $5,086 $19,316 $2,737
2020 $12,791 $4,572 $17,363 $2,540
2019 $11,899 $4,253 $16,152 $2,420
2018 $11,018 $3,938 $14,956 $2,331
2017 $10,776 $3,851 $14,627 $2,610
2016 $10,565 $3,775 $14,340 $2,446
2015 $10,781 $3,852 $14,633 $2,363
2014 $11,551 $3,852 $15,403 $2,396
2013 $12,032 $4,012 $16,044 $2,392
2012 $12,727 $4,244 $16,971 $2,339
2010 $13,596 $4,288 $17,884 $2,073
2009 $13,596 $4,288 $17,884 $2,043
2008 $13,596 $4,288 $17,884 $1,897
2007 $13,596 $4,288 $17,884 $1,845
2005 $13,596 $4,288 $17,884 $1,881

Property facts

Year built
1920
Property type
single_family
Stories
2
Beds
2
Baths
1
Living area
1,300 sqft
Lot size
12,500 sqft
ZIP code
60901
City
Kankakee
Street
7th Ave
Coordinates
41.12517, -87.87419

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$453
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value

Frequently asked questions

When did 385 7th Ave last sell?
385 7th Ave most recently sold on Sep 14, 2022 for $75,500.
What is the current tax assessment for 385 7th Ave?
The most recent total assessment for 385 7th Ave (year 2024) is $27,374 with $3,236 in property tax.
How does 385 7th Ave's assessment compare to its last sale price?
The current assessment is 63.7% below the last sale price of $75,500.
When was 385 7th Ave built?
385 7th Ave was built in 1920.
How does 385 7th Ave compare to others on 7th Ave?
We track 8 other properties on 7th Ave. Browse the list under "Other properties on 7th Ave" to compare beds, baths, and sale history.
What are the property facts for 385 7th Ave?
385 7th Ave is a 2 bed, 1 bath, 1,300 sqft, 12,500 sqft lot single_family.
Is 385 7th Ave a flip candidate?
No — 385 7th Ave does not appear in our flips dataset.
Is 385 7th Ave a tax-appeal candidate?
No — 385 7th Ave is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+0.1%
Implied 1-yr
+0.3%
2026 Q3
$140.5K
2026 Q4
$140.6K
ZIP 60901 — Median Price History + Forecast

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