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    Property profile & analytics

    1260 Merchant St Kankakee, IL 60901-4273

    • Apartment buildings
    • 0.15 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jan 07, 2022
    Location Intelligence
    Property ID
    US28-3973356
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Baker Apartments / Apartment Building

    Property Details for 1260 Merchant St

    Lot size
    0.15 lot acres
    Property type
    Apartment buildings
    APN
    16-17-04-106-001
    APU
    161704106001

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Kankakee
    County
    Kankakee
    State
    Illinois
    Longitude
    -87.8498
    Latitude
    41.1177
    CBSA code
    28100
    CBSA name
    KANKAKEE-BRADLEY, IL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,389
    $4,170
    $61,440
    $65,610
    -
    $12,510
    $184,320
    $196,830

    Comparable in this City

    • Value Estimation by Request
      0.77 Acres

      550 9th Ave

      APARTMENT HOUSE (5+ UNITS) • 0.77 Acres
      550 9th Ave, Kankakee, IL 60901-2935
      View Details
    • Value Estimation
      $290,000
      0.28 Acres

      890 5th Ave

      APARTMENT HOUSE (5+ UNITS) • 0.28 Acres
      890 5th Ave, Kankakee, IL 60901-2212
      View Details
    • Value Estimation
      $355,000
      0.20 Acres

      1525 Risser St

      APARTMENT HOUSE (5+ UNITS) • 0.20 Acres
      1525 Risser St, Kankakee, IL 60901-4471
      View Details
    • Value Estimation
      $425,000
      1.92 Acres

      525 Henry St

      APARTMENT HOUSE (5+ UNITS) • 1.92 Acres
      525 Henry St, Kankakee, IL 60901-2264
      View Details
    • Value Estimation by Request
      0.00 Acres

      682 Indiana Ave

      APARTMENT HOUSE (5+ UNITS) • 0.00 Acres
      682 Indiana Ave, Kankakee, IL 60901-5144
      View Details
    • Value Estimation by Request
      19,000 SF

      440 Dearborn Ave

      Multifamily properties • 19,000 SF
      440 Dearborn Ave, Kankakee, IL 60901
      View Details

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      0.18 Acres

      Kankakee Land For Sale

      Vacant land available in Kankakee, Illinois.
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      Retail space available near Walmart Supercenter.
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    1260 Merchant St
    Kankakee, IL 60901-4273
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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