Kankakee IL Multi Family for Sale
View additional info
Courtesy: Century 21 Circle
708-957-1199
ADDITIONAL INFORMATION
Beautiful 2 Flat Building, Fully rented. Each unit has Living Room, Dining Room, Kitchen, 2 bedrooms and 1 bathroom. Roof replaced 7 years ago. Bathrooms updated. Each tenant pays their own electric bill. Owner pays water, and gas. Sold As-Is, but in terrific condition.
$150,000
307 S 4th Avenue Kankakee, IL 60901
View additional info
Courtesy: Keller Williams ONEChicago
312-216-2422
ADDITIONAL INFORMATION
This beautifully renovated property offers a fantastic investment opportunity or the perfect place to call home for House Hackers. Recent updates include exterior and interior paint, new flooring throughout, and modernized kitchens and bathrooms. Conveniently located near the West Side, close to schools, shopping, grocery stores, hospitals, and downtown. Just two blocks from the bus line and only five minutes to the commuter train. Newer hot water heater and a brand new furnace. Sold "AS IS" - Don't miss out on this opportunity! Schedule your appointment with Nicholas Today!
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 5
- Year built:
- 1890
- Baths:
- 2.00
- MLS#:
- 12215502
View additional info
Courtesy: Keller Williams Infinity
630-778-5800
ADDITIONAL INFORMATION
Fantastic Investment Opportunity in Kankakee! This remodeled 2-unit building is ideal for investors or those seeking a multi-family living option. The property includes a spacious 3-bedroom, 1-bathroom unit and a well-designed 2-bedroom, 1-bathroom unit, both featuring modern finishes and thoughtful upgrades. Each unit is equipped with its own laundry facilities, providing added convenience for residents. Both apartments offer comfortable living spaces with access to front and back porches, making them highly desirable for tenants. A sidewalk leads to a detached 2-car garage, offering plenty of parking and storage options. Conveniently located near local amenities, this property has the potential to generate strong cash flow through rental income. Don't miss the chance to own a versatile property with incredible investment potential-schedule your showing today!
View additional info
Courtesy: McColly Bennett Real Estate
815-929-9381
ADDITIONAL INFORMATION
KANKAKEE - 2 UNIT APARTMENT BUILDING - Excellent income producing property. 1 - 1 bedroom/1 bathroom unit and 1 - 2 bedroom/1 bathroom unit in good condition at great rental rates. Current rental license up to date. Near St. Mary's Hospital, Downtown Kankakee, Farmers Market and Financial District of Kankakee. Great opportunity! Call Today!
$160,000
246 S 4th Avenue Kankakee, IL 60901
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 4
- Year built:
- 1870
- Baths:
- 4.00
- MLS#:
- 12200272
View additional info
Courtesy: McColly Bennett Real Estate
815-929-9381
ADDITIONAL INFORMATION
KANKAKEE - 4 UNIT APARTMENT BUILDING - Great investment opportunity! All 1 Bedroom/1 Bath, these units are in good condition. Near downtown Kankakee, the Farmers Market and shopping as well as near main thoroughfares! Call today!
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 4
- Year built:
- 1900
- Baths:
- 2.00
- MLS#:
- 12200259
View additional info
Courtesy: McColly Bennett Real Estate
815-929-9381
ADDITIONAL INFORMATION
KANKAKEE - 2 UNIT FOR SALE - Great investment/income producing duplex. Fully leased, and in good condition. The property is near downtown Kankakee, the Farmers Market, Courthouse and financial district of Kankakee. Call today!
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 3
- Year built:
- 1920
- Baths:
- 2.00
- MLS#:
- 12200241
View additional info
Courtesy: McColly Bennett Real Estate
815-929-9381
ADDITIONAL INFORMATION
KANKAKEE - 2 UNIT FOR SALE - Investor alert, great investment/income producing property or live in one unit and rent the other! Located near the Kankakee River, downtown Kankakee, and main thoroughfares. Each unit has its own furnace, new in 2021. Call today!
$160,000
273 S 3rd Avenue Kankakee, IL 60901
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 6
- Year built:
- 1895
- Baths:
- 3.00
- MLS#:
- 12207145
View additional info
Courtesy: Green Real Estate
815-953-2751
ADDITIONAL INFORMATION
Prime Investment Opportunity: Fully-Leased Income Property in Kankakee, IL. This property offers cash flow with full occupancy, generating a total monthly rent of 2,740 across all units. Each unit is fully leased as follows:273 S 3rd Ave, Unit 1: Rented at 1,050/month 275 S 3rd Ave, Unit 1: Rented at 900/month 275 S 3rd Ave, Unit 2: Rented at 790/month This turn-key investment is ideal for portfolio growth, with stable, long-term tenants under active leases, ensuring immediate and ongoing revenue. Don't miss out on this fully-leased property delivering 2,740 in monthly rent right from the start! The interior photos are of Units 2 and 3, taken prior to the tenants moving in.
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 3
- Year built:
- 1908
- Baths:
- 2.00
- MLS#:
- 12207002
View additional info
Courtesy: Real Broker, LLC
217-960-8605
ADDITIONAL INFORMATION
Discover an exceptional investment opportunity with this recently rehabbed 2 unit property! Each unit features its own NEW central AC and brand NEW water heater, ensuring modern comfort and convenience for tenants. This property is perfect for generating rental income while offering a contemporary living space. Don't miss out on this prime investment- schedule a viewing today!
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 4
- Year built:
- 1885
- Baths:
- 4.00
- MLS#:
- 12183734
View additional info
Courtesy: McColly Bennett Real Estate
815-929-9381
ADDITIONAL INFORMATION
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!
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 4
- Year built:
- 1880
- Baths:
- 4.00
- MLS#:
- 12183285
View additional info
Courtesy: McColly Bennett Real Estate
815-929-9381
ADDITIONAL INFORMATION
KANKAKEE - 4 UNIT APARTMENT BUILDING - Excellent income producing property. 4 - 1 bedroom/1 bathroom units in good condition at good rental rates. Current rental license up to date. 2 neighboring properties also available for a total of 10 units all adjacent, see MLS #12195146,#12183248, and #12183734 for other property details. Near Downtown Kankakee, Farmers Market and Financial District of Kankakee. Great opportunity! Call Today!
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 3
- Year built:
- 1885
- Baths:
- 2.00
- MLS#:
- 12183248
View additional info
Courtesy: McColly Bennett Real Estate
815-929-9381
ADDITIONAL INFORMATION
KANKAKEE - 2 UNIT APARTMENT BUILDING - Excellent income producing property. 1 - 1 bedroom/1 bathroom unit and 1 - 2 bedroom/1 bathroom unit 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, #12183734, and#12195146 for other property details. Near Downtown Kankakee, Farmers Market and Financial District of Kankakee. Great opportunity! Call Today!
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 4
- Year built:
- 1900
- Baths:
- 3.00
- MLS#:
- 12102471
View additional info
Courtesy: Realty Executives Success
630-553-8400
ADDITIONAL INFORMATION
Great investment opportunity with $26,700 in gross income annually. New tenant in the refreshed 2 bedroom apartment, which just received new carpet and paint! New carpet going into one of the occupied 1 bedroom units in July. Separate central air, furnace and water heaters for all 3 units. Tenants pay their own gas and electric. New roof July 2017. 2 new A/C units in 2014.1 new furnace in 2018. No parking on site but property is next to a large free city lot with ample parking. Great location near restaurants, stores and downtown events such as seasonal farmer's market. 15 minutes from the new Gotion electric vehicle battery facility in Manteno set to employ over 2,500 people! Take advantage of this opportunity today!
© 2025 Midwest Real Estate Data LLC. All rights reserved. Listings courtesy of MRED MLS as distributed by MLS GRID, based on information submitted to the MLS GRID as of {{last updated}}.. 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. 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 [email protected]. 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.
Kankakee Real Estate
The median home value in Kankakee, IL is $170,000. This is higher than the county median home value of $168,800. The national median home value is $338,100. The average price of homes sold in Kankakee, IL is $170,000. Approximately 40.51% of Kankakee homes are owned, compared to 42.5% rented, while 16.99% are vacant. Kankakee real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Kankakee real estate agent to arrange a tour today!
Kankakee, Illinois has a population of 24,903. Kankakee is less family-centric than the surrounding county with 22.15% of the households containing married families with children. The county average for households married with children is 27.32%.
The median household income in Kankakee, Illinois is $38,869. The median household income for the surrounding county is $61,664 compared to the national median of $69,021. The median age of people living in Kankakee is 35.9 years.
Kankakee Weather
The average high temperature in July is 84.3 degrees, with an average low temperature in January of 15.6 degrees. The average rainfall is approximately 38.5 inches per year, with 23.8 inches of snow per year.