241 E Water St, Kankakee, IL 60901 Property Records

Kankakee County property record for 241 E Water St, Kankakee, IL 60901 · Last verified August 2026

Property Highlights

Property Type	Residential > Single Family > Home
Lot Size	9,350 sqft (0.214 acres)
Occupancy	Owner Occupied
Last Sale	$203,000 (2007)
Tax Bill	$8,822.00 (2025)

Owner

Source: Kankakee County records · APN 16-17-05-308-003

Assessment roll updated April 7, 2026 · Last verified August 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	2 Company Names on File
Mailing Address	241 E WATER ST, KANKAKEE, IL 60901-5034
Occupancy	Owner Occupied
Owner Type	Owner is a Company

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names	2 Verified Names on Deed
Last Sale	Jul 09, 2007 · Amount on Record
Deed Sale	Jul 09, 2007 · Amount on Record
Last Transfer Date	Feb 11, 2025
Transfer Doc	0202501335
Record Refreshed	Sep 20, 2026

December 2025: Quit Claim Deed, Transfer

Document Type	Quit Claim Deed
Jurisdiction	KANKAKEE IL
Recording Date	Dec 18, 2025
Property Address	241 E WATER ST, KANKAKEE, IL 60901-5034
Document Number	0202512290
Instrument Date	Dec 08, 2025
Instrument	202512290
Transaction Type	Transfer
Record Updated	Jan 14, 2026
Title Company	UNKNOWN, KHS TITLE

Transaction

Tax	$0.00
Amount Accuracy	Transfer Tax Exempt
Additional	Quitclaim Document Interfamily Transfer

Transferred From (Grantor/Seller)

Name	Verified Name
Address	8442 S BLACKSTONE AVE, CHICAGO, IL 60619-6508

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	241 E WATER ST, KANKAKEE, IL 60901-5034

Mortgage

Document Number	0202512291
Date	Dec 18, 2025
Instrument	202512291

Lender

Name	FIRST FINANCIAL BANK FSB
Type	Bank

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	241 Months
Due	Jan 01, 2046

Interest

Rate Type	Fixed Rate
Rate	4.5%

Tax Assessment & Valuation

Source: Kankakee County records · Assessment roll updated April 7, 2026 · Last verified August 2026

Property Jurisdictions

Type	Name
State	Illinois
County	Kankakee County
County Subdivision	Kankakee Township
Municipality	Kankakee City
Unified School District	Kankakee School District 111 (PK - 12)

Tax Bill & Assessment History

Assessed value and assessed market value are set for property tax purposes, not market price estimates; both are a fraction of this property's market value.

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$8,822.00 (+8.34%)	$90,660 (+13.5%) Land $17,484 Building $73,176	$271,980 (+13.5%) Land $52,452 Building $219,528
2024	$8,143.00 (+16.86%) Homeowner's exemption Senior Citizen's exemption	$79,876 (+12.25%) Land $15,404 Building $64,472	$239,628 (+12.25%) Land $46,212 Building $193,416
2023		$71,159 Land $13,723 Building $57,436	$213,477 Land $41,169 Building $172,308
2022	$6,968.00

Flood & Wildfire

Source: FEMA National Flood Hazard Layer, Kankakee County (17091C), updated February 14, 2019 · USDA Forest Service Wildfire Risk to Communities, 2nd edition (2024), fuels as of 2020 · Last verified: October 2026

Flood

FEMA Flood Zone	Zone X
Flood Hazard	Moderate
500-Year Floodplain	Yes
Special Flood Hazard Area	No
Nearest Special Flood Hazard Area	Zone AE, within 100 ft

Wildfire

Wildfire Risk	Not rated no burnable land in reach
Wildfire Likelihood	Negligible
Exposure	None beyond ember reach

Values are read at the parcel center point; lenders make the official flood determination.

Property Details

APN / Parcel Number

Primary APN	`16-17-05-308-003`

Exterior

Lot Area	9,350 sqft (0.214 acres)

Location & Zoning

Street Address	241 E WATER ST
City	KANKAKEE
State	IL
Zip	60901-5034
Property Usage	Residential Property Usage
Type	Residential > Single Family > Home
Legal Description	SOUTH KANKAKEE SUB LOT 3 BLK 1 05-30-13W
Legal Subdivision	SOUTH KANKAKEE SUB
Legal Block	1
Legal Lot Number	3
Jurisdiction	KANKAKEE IL
Minor Civil Division	KANKAKEE
Census Blockgroup	2
Census Block	2019
Census Tract	12200