Courtesy: Wirtz Real Estate Group Inc.
708-516-3050
This unique investment opportunity features three separate homes situated on a stunning 2.41-acre lot with breathtaking views of the Kankakee River and Island View Marina. Whether you're an investor looking for rental income or a visionary ready to build your dream estate, this property offers endless potential. Home #1 features vaulted ceilings, a spacious living room, an updated kitchen with white cabinetry and stainless steel appliances, a large family room, 3 bedrooms, 1 full bath, and a 2-car attached garage. Home #2 offers 2 bedrooms, 1 full bath, and a 1-car garage, perfect for extended family or rental income. Home #3 includes a 2-car garage and is currently gutted-ready for your finishing touches or complete customization. With ample space, serene river views, and flexible use potential, this property is ideal for redevelopment or as a multi-unit income generator. Imagine the possibilities-live in one, rent the others, or start fresh and build your dream home in this peaceful, scenic setting. Don't miss your chance to own a one-of-a-kind property with riverfront charm and investment appeal.
Courtesy: Keller Williams Preferred Rlty
708-798-1111
Looking for an investment property? Currently occupied, tenants are in process of vacating. Live in one unit and collect steady cash every month. Check out this Craftsman woodwork inspired multi family home with 2 units. Each unit features 3 generous sized bedrooms, a full bath, kitchen, living & dining rooms with mostly original hardwood flooring and built-in storage units. There is a full unfinished basement, a blank canvas for your creative ideas and an enclosed porch off the back of the home. This one won't be on the market long!
Courtesy: First Midwest Realty LLC
630-257-3030
**Unleash Investment Potential with a 3 unit CASH FLOW property** This well maintained 3-unit property is primed for immediate returns. Boasting a fully remodeled 2-bedroom unit and individual utilities for each of the three units (separate central air, furnace, and water heater), this is a hassle-free investment opportunity. Enjoy peace of mind with a new roof installed in 2017 and AC units upgraded in 2014. The location is unmatched, directly adjacent to a free city lot with ample parking and nestled in a sought-after neighborhood near restaurants, shopping, and vibrant downtown events. Capitalize on the future with its proximity (15 minutes!) to the new Gotion electric vehicle battery facility in Manteno, projected to employ over 2,500 people! Too many upgrades to list - details available in the attached documents. **This is a must-see for serious investors seeking a performing property!**
Courtesy: Green Real Estate
815-953-2751
Located on the corner of River Street, this well-maintained duplex offers an excellent investment opportunity in a desirable rental area. Each two-story unit provides ample living space, making it ideal for attracting long-term tenants. Property Highlights: Two-story units for added privacy and functionality Both units are vacant - easy to show and ready for new tenants Strong rental potential - estimated rent of 900 per unit Prime location - minutes from downtown Kankakee Close to shops, restaurants, and public transportation
Courtesy: Choice Realty Group Inc.
773-353-9177
Two homes with 3 units on one large lot. First home includes 2 units: 1st floor - 4 Rooms, 2 bed with unfinished basement & 1 car garage. Upper unit is 3 room, 1 bed. Additional home is a 1 story cottage with basement, 4 rooms and 2 bedrooms. Live in one and rent the other out. Near Kankakee River, hospitals and park. Show and sell.
Courtesy: McColly Bennett Real Estate
815-929-9381
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!
Courtesy: Exclusive Realtors
708-792-7244
Great opportunity to own a 3-unit building right next to the hospital in Kankakee! The exterior features a newer roof with plenty of life, vinyl siding, and off-street parking. This building has a single 2-bedroom unit renting for 950 per month while the other units are both 1 bedroom renting for 750 and 625 per month. Tenants pay for electricity and the landlord pays for water, sewer, and garbage averaging right at 250 per month. Don't miss your opportunity for passive income schedule your showing today!
Courtesy: Village Realty Inc
708-478-1212
Prime 3-Unit Investment Opportunity in West Kankakee Unlock the potential of this exceptional 3-unit property, perfectly situated in the heart of West Kankakee. Meticulously maintained and recently enhanced in 2024, this income-producing gem boasts modern upgrades including energy-efficient new windows, new garage doors, updated electrical breaker panels, and a fresh exterior paint job that boosts its curb appeal. Property Highlights: Three distinct units, each featuring private front and back entrances for ultimate accessibility. Every unit comes with its own 1-car garage plus additional off-street parking for tenants or guests. In-unit laundry hook-ups provide added convenience and value. Separate mechanicals and utilities for each unit ensure simplicity and efficiency. This versatile property is a rare find in West Kankakee, blending modern updates with strong investment potential. Don't wait-schedule your showing today and seize this opportunity!
Courtesy: Village Realty Inc
708-478-1212
Well-maintained, all-brick duplex ranch featuring two spacious units. Each side offers 3 bedrooms and 1 bathroom with shared laundry. Recent upgrades include a new roof and windows in 2023, plus a fully renovated kitchen in one unit in 2024. Fully leased, providing immediate rental income. Don't miss this turnkey investment opportunity!
Courtesy: Village Realty Inc
708-478-1212
Discover a fantastic investment opportunity with this well-maintained 2-unit building. Each of the two spacious units features 2 bedrooms and 1 bathroom. A standout feature of this property is the large, oversized detached garage, currently rented out for additional income that boosts your cash flow. Brand new front 2 story porch installed in 2024. Don't miss out on this meticulously cared-for property with multiple revenue streams-schedule your showing today!
Courtesy: McColly Bennett Real Estate
815-929-9381
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!
Courtesy: McColly Bennett Real Estate
815-929-9381
Kankakee - Two unit home for sale. Each one bedroom/one bathroom. Newly rehabbed and move-in ready! Great income potential with this property! Both units have basements, great for extra storage. Also a 1 car garage on site! Call today!
Courtesy: McColly Bennett Real Estate
815-929-9381
KANKAKEE - 3 UNIT PROPERTY FOR SALE - There is a two flat home with an additional unit above the detached garage. The home has a two bedroom/1 bath unit downstairs, and a one bedroom/1bathroom unit upstairs. The garage has a 2 bedroom/1 bathroom unit above the garage. Great income potential on this newly rehabbed, move-in ready property! Call today!
Courtesy: Ultimate Realty Brokerage Svs
815-954-6467
Nice 4 unit building in good condition with separate addresses and separate exterior entrances for lower level. Unit contains 4 -1 bedroom unit's with $2150.00 rent role. Building has a basement for utilities. On site and street parking available.
Courtesy: Century 21 Circle
708-957-1199
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.
Courtesy: Keller Williams ONEChicago
312-216-2422
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!
Courtesy: McColly Bennett Real Estate
815-929-9381
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!
Courtesy: McColly Bennett Real Estate
815-929-9381
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!
Courtesy: Green Real Estate
815-953-2751
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.
Courtesy: Real Broker, LLC
217-960-8605
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!
Kankakee is located in Illinois. 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.
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.
