Courtesy: Realty of America, LLC
708-788-1900
Whether you're looking for your first investment property or want to live in one unit while collecting rent from the other, this one makes sense! Brick 2-flat with two spacious 2 bedroom units, full basement with tenant laundry area for the first floor unit and extra storage space through the walk-up attic access in the second floor unit. This property also includes an additional lot behind the building with separate PIN. Great starter home or first property to start your portfolio! Sold As is.
Courtesy: PAK Home Realty
708-417-4983
INVESTMENT OPPORTUNITY! Great opportunity to add a 4-unit multifamily property to your real estate portfolio. Located at 2830 Cranbrook St in Kankakee, this property features four spacious units, each offering 2 bedrooms, 1 full bathroom, a living room, kitchen, and dedicated utility room. With a consistent 2-bedroom layout throughout all four units, this property offers excellent income-producing potential for an investor looking to expand their portfolio. Whether you're an experienced investor or looking to get started in multifamily real estate, this property provides multiple streams of rental income under one roof. Don't miss the opportunity to own a 4-unit property with a functional and desirable unit mix. Schedule your private showing today and explore the possibilities! KANKAKEE - 4 UNIT - ALL 2 BEDROOM/1 BATHROOM UNITS. All brick building, in "Good" condition. Great income producing property on the far East side of Kankakee near I-57 and main thoroughfares! New Roof (2026) Great investment.
Courtesy: Keri Hir
708-560-1282
Bring your tools and vision to this diamond in the rough. Situated on a manageable 4,750 sq. ft. lot in Kankakee, this property is the perfect canvas for your next total remodel, fix-and-flip, or rental portfolio addition.Located in an established neighborhood with quick access to Route 17 and downtown, the site offers excellent upside potential for the right buyer. Property is sold strictly as-is-don't miss this blank-slate opportunity!
Courtesy: Carnelian Realty Group
708-698-1009
Excellent investment opportunity! This well-maintained two-unit property offers a great combination of stable rental income, recent improvements, and long-term investment potential. Whether you are an experienced investor looking to expand your portfolio or a first-time investor searching for a property with immediate cash flow, this is an opportunity worth considering. Both units are currently rented, allowing the new owner to begin collecting rental income from day one. The second-floor unit has been occupied by a long-term tenant for over 15 years, providing an impressive history of stability and consistent occupancy. The first-floor unit has been recently updated and is now occupied by a new tenant, offering a fresh rental start while benefiting from the property's recent improvements. The property has been well cared for and maintained, with several important mechanical and electrical updates already completed. Recent improvements include updated furnaces, electrical panels, and water heaters, helping provide peace of mind and reducing the likelihood of immediate major capital expenses. The recently updated first-floor unit adds additional appeal and value to the property, while the established long-term tenancy in the second-floor unit provides a strong rental history. Having both units occupied makes this property particularly attractive to investors seeking an income-producing asset without the uncertainty and expense of extended vacancy periods. This property offers an excellent opportunity to acquire a turnkey, income-producing two-unit building with established rental history, recent updates, and reliable occupancy. With both units currently leased and major systems already updated, this property is well positioned for continued rental income and long-term appreciation.
Courtesy: Realty of America, LLC
708-788-1900
Welcome to downtown Kankakee! Great opportunity in for the experienced investor looking to add cashflow to his investment, or for the first time buyer looking to house-hack! Walking distance from every amenity one could desire. Including grocery stores, gas stations, parks, museums, library, the list could go on! The Kankakee Riverfront project will be steps away! The building includes 4 similar units: 2 bed 1 bath, 800sqft/units. The building also has an unfinished basement with the opportunity for a laundry room. 2 Parking spots in the rear, 4 Parking spots in the front, and a 1.5 car garage for additional income. Tenants responsible for electric -all equipment is electric! (Heaters and water heaters!) Units have all been updated and rehabbed! All you need to do is is start collecting that cashflow!
Courtesy: Exclusive Realtors
708-792-7244
This solid two unit investment property offers exceptional income potential, with each spacious three bedroom unit boasting over thirteen hundred square feet of living space. Durable vinyl siding and vinyl windows complement a roof less than five years old, while a large attic presents exciting potential for conversion into a third unit. Utilities are separately metered, with tenants responsible for all costs except sewer, water, and garbage, and current rents of twelve hundred dollars per unit with matching security deposits make this a turnkey opportunity for any investor. Ideally located near the local farmers market and the river, this property combines strong cash flow with genuine long term upside. Don't miss your chance to add this promising investment to your portfolio.
Courtesy: Exclusive Realtors
708-792-7244
This two unit corner lot property at 1179 South Schuyler offers a well maintained investment with updates completed within the last three years to both 2 bedroom, 1 bath units. The bottom unit is leased at 1,000 dollars per month on a year lease, while the top unit currently rents month to month at 800 dollars and will soon turn over, presenting an opportunity to reset terms and add water and sewer responsibility for the incoming tenant. The building features a flat roof just three and a half years old, along with durable vinyl siding and vinyl windows, electric heat upstairs, and forced air heat downstairs, all on separate electric meters. Each unit boasts its own private front porch, offering a shaded and peaceful spot to relax. A single car garage, accessible from both the front and alley, is not currently used by either tenant and offers additional rental income potential as storage space, and an adjacent extra lot is available to bundle with the sale for even more flexibility. Within walking distance to the local farmers market and close to the upcoming river project, this property combines strong cash flow with genuine long term upside, making it a solid addition to any investment portfolio.
Courtesy: Styken Real Estate and Property Management
815-781-8060
Forget outdated duplexes with endless repair lists-this one has already had the work done. Completely transformed in 2025, this two-unit property delivers the modern finishes today's tenants are looking for while giving investors the confidence of a recently renovated asset. Each spacious 2-bedroom, 1-bath unit has been thoughtfully updated with luxury vinyl plank flooring, plush new carpeting, stylish custom soft close cabinetry, sleek granite countertops, and brand-new appliances. The main-floor unit offers an open-concept kitchen and living area with generously sized bedrooms and impressive closet space, while the upper unit mirrors the same fresh, contemporary design, creating two highly desirable rental opportunities. From the brand-new front porch, new HVAC, electrical, breakers, updated plumbing, new roof, siding, newer vinyl windows, to the move-in-ready interiors, every detail has been refreshed so you can focus on building your portfolio instead of planning renovations. Whether you're an experienced investor looking for your next cash-flowing property or a first-time buyer interested in living in one unit while you rent the other, this duplex offers flexibility, style, and long-term value. Two remodeled units. One smart investment. Countless possibilities.
Courtesy: Realty of America, LLC
708-788-1900
Whether you're looking for your first investment property or want to live in one unit while collecting rent from the other, this one makes sense! Brick 2-flat with two spacious 2 bedroom units, full basement with tenant laundry area for the first floor unit and extra storage space through the walk-up attic access in the second floor unit. This property also includes an additional lot behind the building with separate PIN. Great starter home or first property to start your portfolio! Sold As is.
Courtesy: Coldwell Banker Realty
815-933-9700
Unique multi-unit property on a nearly one-acre lot with the feel of two separate homes, each offering its own yard and outdoor space. Unit 1 is a ranch-style home with 2 bedrooms, 1.5 baths, and a flexible bonus room that could be used as a dining room, office, playroom, or potential third bedroom. Features include in-unit laundry, basement access, a covered patio, fenced yard, pool, storage room, shed, 2.5-car garage, and electronic gated parking. The shed and storage room are designated for and accessed by Unit 1. Unit 2 offers 4 bedrooms, 2 full baths, a living room, family room, eat-in kitchen, covered patio, large fenced yard, and off-street parking. The unit is currently occupied by long-term tenants. Major exterior improvements, including new siding, roof, gutters, downspouts, soffit, fencing, and select brick repairs, are underway or scheduled for completion in the coming weeks. Please excuse any construction activity during showings. Originally comprised of four city lots, the property offers flexibility and could potentially be converted into a 6-bedroom, 3.5-bath single-family home. An $8,000 Minnesota Fats pool table located in the basement is included with the sale.
Courtesy: Green Real Estate
815-953-2751
Exceptional investment opportunity at 220 1/2 S Entrance Ave! This well-maintained four-unit property offers immediate income potential and is an excellent addition to any investment portfolio.
Courtesy: Green Real Estate
815-953-2751
Welcome to 768 N Indiana Ave in Kankakee! This well-maintained two-unit property offers a great opportunity for investors or owner-occupants looking to generate rental income. Featuring a practical layout with two separate units, this property provides flexibility and strong potential.
Courtesy: Green Real Estate
815-953-2751
Excellent opportunity to own a fully renovated 2-unit property that's ready for tenants or owner occupancy. Whether you're looking to expand your rental portfolio or live in one unit while renting the other, this property offers flexibility and strong income potential.
Courtesy: Green Real Estate
815-953-2751
Welcome to 464 S Harrison Ave, a beautifully updated property offering an excellent opportunity for investors or owner-occupants. This well-maintained two-unit property features two spacious units, each offering comfortable living areas, two bedrooms, and one full bathroom.
Courtesy: Green Real Estate
815-953-2751
Don't miss this great opportunity to add a solid investment property to your portfolio, it's an attractive option for investors looking to expand their holdings or first-time buyers seeking an income-producing property.
Courtesy: Green Real Estate
815-953-2751
Attention investors! This solid 2-unit property offers an excellent opportunity to generate rental income. Whether you're looking to add to your portfolio or start investing in multifamily real estate, this property has strong potential. Schedule your showing today!
Courtesy: Green Real Estate
815-953-2751
Whether you're looking to expand your investment portfolio or purchase your first multifamily property, it offers strong rental potential. This property presents an opportunity to generate immediate rental income with long-term appreciation potential. Add value through strategic rent growth and operational efficiencies while benefiting from a market with attractive entry pricing.
Courtesy: Green Real Estate
815-953-2751
Great Investment Opportunity in Kankakee! This well-positioned 2-flat duplex offers a fantastic opportunity for investors looking to expand their portfolio or owner-occupants seeking rental income potential. Featuring two separate units, this property provides flexibility and the opportunity to generate steady cash flow.
Courtesy: Meeker Real Estate Inc
708-418-5908
3-unit property situated on approximately one acre in unincorporated Limestone Township. Originally built in 1950 and thoughtfully renovated, this property blends modern finishes with the charm of country living while remaining just minutes from town. Enjoy a spacious setting with room to relax, entertain, or expand. 2 units rented, one vacant.
Courtesy: Century 21 Circle
708-361-0800
Beautiful 2 flat building. Also zoned for commerical, Wow! Fully rented. Each unit has Living Room, Dining Room, Kitchen, 2 Bedrooms and 1 Bath. Newer roof, new porches, new gutters and downspouts. Bathrooms updated. Each tenant pays their own electric bill. Owner pays water, garbage removal and NICOR bill. Sold AS-Is but in terrific condition.
Courtesy: Exclusive Realtors
708-792-7244
This exceptional investment property in desirable Kankakee, Illinois, strategically positioned just off Schuyler near the local farmers market and within walking distance to the river, presents a compelling opportunity for local investors. The well-maintained three-unit building features two spacious one-bedroom apartments, one on the main floor and one on the upper level, alongside an efficient studio unit with charming loft space, all currently occupied by reliable long-term tenants providing steady, consistent income at 550 dollars monthly for the efficiency unit, 600 dollars for the upper one-bedroom, and 900 dollars for the main floor one-bedroom, with tenants responsible for gas and electric while the landlord maintains water, sewer, and garbage services. The property boasts superior curb appeal with updated Dutch lap vinyl siding and a durable architectural roof, featuring wrapped windows and soffits ensuring the new owner will not have to paint the windows or soffits during the rental relicensing process upon sale, while the practical basement exterior access ensures convenient maintenance without disrupting tenant occupancy, and the property offers street parking with additional parking spaces in the back for tenants. Schedule your showing today. 24hr notice needed.
Courtesy: Realty of America, LLC
708-788-1900
Whether you're looking for your first investment property or want to live in one unit while collecting rent from the other, this one makes sense! Brick 2-flat with two spacious 2 bedroom units, full basement with tenant laundry area for the first floor unit and extra storage space through the walk-up attic access in the second floor unit. This property also includes an additional lot behind the building with separate PIN. Great starter home or first property to start your portfolio!
Courtesy: Realty of America, LLC
708-788-1900
Spacious 4-unit investment opportunity featuring three 2-bedroom units and one 1-bedroom unit. All tenants are currently on month-to-month leases, offering flexibility for investors or owner-occupants! Perfect for a seasoned investor looking to add to their portfolio or a starter investor wanting to live in one unit while renting out the other three. Property is conveniently located near shopping, dining, and everyday amenities. Recent improvements include a brand-new parking lot and driveway completed in 2024.
Courtesy: Keller Williams Infinity
630-778-5800
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!
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 950/month 275 S 3rd Ave, Unit 1: Rented at 850/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 2,590 in monthly rent right from the start! The interior photos are of Units 2 and 3, taken prior to the tenants moving in.
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.
