Kankakee IL Real Estate &

25 Properties Found

Sort Results:
1–25 of 25 properties displayed
Refine Property Search
Page 1 of 1    Prev | Next
Beds:
6
Baths:
2.00
Sq.Ft.:
n/a
Status:
NEW LISTING
MLS#:
12732557
Type:
Multi-Family
Year built:
1900
A broker reciprocity listing Courtesy: Coldwell Banker Realty 815-933-9700
View additional info

ADDITIONAL INFORMATION

Perfect INVESTMENT opportunity! RARE side by side two unit offering 3 beds & 1 bath on each side, and every unit comes with its own separate private basement complete with washer and dryer and plenty of room for storage. There is no shared space between units! The expenses stay clean and predictable because tenants cover their own gas, electric, and water while the owner is responsible for sewer only. Each side runs on its own furnace and water heater, with a new central air added to unit 275 in 2025. Property has new roof (2026), and the damaged siding is already scheduled for replacement before closing. Unit 275 has been refreshed with new flooring, a new kitchen countertop, an updated bathroom, and fresh paint, and the stove and refrigerator stay. The opposite side is rented month to month at a rent well below market, which means the upside is sitting there waiting for the next owner to claim it. Rent roll available upon request. Minutes from Downtown Kankakee, restaurants, shops, and gas. Sold as-is. Live in one side and let the other help carry the payment, or run both and let them work for you!

Beds:
6
Baths:
2.00
Sq.Ft.:
n/a
Status:
Active
MLS#:
12727256
Type:
Multi-Family
Lot size:
0.11 Acres
Year built:
1903
A broker reciprocity listing Courtesy: Exclusive Realtors 708-792-7244
View additional info

ADDITIONAL INFORMATION

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.

Beds:
4
Baths:
2.00
Sq.Ft.:
n/a
Status:
Active
MLS#:
12727334
Type:
Multi-Family
A broker reciprocity listing Courtesy: Exclusive Realtors 708-792-7244
View additional info

ADDITIONAL INFORMATION

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.

Beds:
4
Baths:
2.00
Sq.Ft.:
n/a
Status:
Active
MLS#:
12680184
Type:
Multi-Family
A broker reciprocity listing Courtesy: Styken Real Estate and Property Management 815-781-8060
View additional info

ADDITIONAL INFORMATION

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.

Beds:
4
Baths:
2.00
Sq.Ft.:
n/a
Status:
Active
MLS#:
12709177
Type:
Multi-Family
A broker reciprocity listing Courtesy: Realty of America, LLC 708-788-1900
View additional info

ADDITIONAL INFORMATION

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.

Beds:
7
Baths:
4.00
Sq.Ft.:
n/a
Status:
Active
MLS#:
12709162
Type:
Multi-Family
Year built:
1972
A broker reciprocity listing Courtesy: Realty of America, LLC 708-788-1900
View additional info

ADDITIONAL INFORMATION

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, new roof 2026!

Beds:
5
Baths:
3.00
Sq.Ft.:
n/a
Status:
Active
MLS#:
12705987
Type:
Multi-Family
A broker reciprocity listing Courtesy: Realty of America, LLC 708-788-1900
View additional info

ADDITIONAL INFORMATION

STUNNING FULLY RENOVATED LEGAL 2-UNIT PROPERTY! Everything has been beautifully updated from top to bottom. Major improvements include new A/C condensers, electrical, plumbing, windows, siding, flooring, doors, light fixtures, fresh paint, updated kitchens and bathrooms, and more. Each spacious unit features 2 bedrooms and 2 full bathrooms, including a private en-suite bath in the primary bedroom. Both units offer modern kitchens with new white cabinetry, countertops and stainless steel appliances, along with bright and spacious living areas. The property also features a full unfinished basement offering abundant storage space. Perfect for an owner-occupant looking to live in one unit while generating rental income from the other, or for an investor seeking a beautifully renovated, move-in-ready property. A rare turnkey opportunity-schedule your showing today!

Beds:
4
Baths:
4.00
Sq.Ft.:
n/a
Status:
Active
MLS#:
12705117
Type:
Multi-Family
Year built:
1920
A broker reciprocity listing Courtesy: Green Real Estate 815-953-2751
View additional info

ADDITIONAL INFORMATION

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.

Beds:
5
Baths:
2.00
Sq.Ft.:
n/a
Status:
Active
MLS#:
12704913
Type:
Multi-Family
Year built:
1980
A broker reciprocity listing Courtesy: Green Real Estate 815-953-2751
View additional info

ADDITIONAL INFORMATION

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.

Beds:
3
Baths:
2.00
Sq.Ft.:
n/a
Status:
Active
MLS#:
12704496
Type:
Multi-Family
Year built:
1908
A broker reciprocity listing Courtesy: Green Real Estate 815-953-2751
View additional info

ADDITIONAL INFORMATION

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.

Beds:
4
Baths:
3.00
Sq.Ft.:
n/a
Status:
Active
MLS#:
12704029
Type:
Multi-Family
Year built:
1910
A broker reciprocity listing Courtesy: Green Real Estate 815-953-2751
View additional info

ADDITIONAL INFORMATION

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.

Beds:
4
Baths:
2.00
Sq.Ft.:
n/a
Status:
Active
MLS#:
12703746
Type:
Multi-Family
Year built:
1980
A broker reciprocity listing Courtesy: Green Real Estate 815-953-2751
View additional info

ADDITIONAL INFORMATION

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.

Beds:
6
Baths:
4.00
Sq.Ft.:
n/a
Status:
Active
MLS#:
12703433
Type:
Multi-Family
Year built:
1980
A broker reciprocity listing Courtesy: Green Real Estate 815-953-2751
View additional info

ADDITIONAL INFORMATION

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.

Beds:
2
Baths:
2.00
Sq.Ft.:
n/a
Status:
Active
MLS#:
12703168
Type:
Multi-Family
Year built:
1920
A broker reciprocity listing Courtesy: Green Real Estate 815-953-2751
View additional info

ADDITIONAL INFORMATION

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!

Beds:
6
Baths:
3.00
Sq.Ft.:
n/a
Status:
Active
MLS#:
12690635
Type:
Multi-Family
Lot size:
1 Acres
Year built:
1950
A broker reciprocity listing Courtesy: Meeker Real Estate Inc 708-418-5908
View additional info

ADDITIONAL INFORMATION

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.

Beds:
4
Baths:
2.00
Sq.Ft.:
n/a
Status:
Active
MLS#:
12672953
Type:
Multi-Family
Year built:
1925
A broker reciprocity listing Courtesy: Green Real Estate 815-953-2751
View additional info

ADDITIONAL INFORMATION

Beds:
4
Baths:
2.00
Sq.Ft.:
n/a
Status:
Active
MLS#:
12680935
Type:
Multi-Family
A broker reciprocity listing Courtesy: Century 21 Circle 708-361-0800
View additional info

ADDITIONAL INFORMATION

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.

Beds:
3
Baths:
3.00
Sq.Ft.:
n/a
Status:
Active
MLS#:
12649319
Type:
Multi-Family
Lot size:
0.17 Acres
Year built:
1905
A broker reciprocity listing Courtesy: Exclusive Realtors 708-792-7244
View additional info

ADDITIONAL INFORMATION

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.

Beds:
4
Baths:
2.00
Sq.Ft.:
n/a
Status:
Active
MLS#:
12647769
Type:
Multi-Family
A broker reciprocity listing Courtesy: Realty of America, LLC 708-788-1900
View additional info

ADDITIONAL INFORMATION

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!

Beds:
7
Baths:
4.00
Sq.Ft.:
n/a
Status:
Active
MLS#:
12647737
Type:
Multi-Family
Year built:
1972
A broker reciprocity listing Courtesy: Realty of America, LLC 708-788-1900
View additional info

ADDITIONAL INFORMATION

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.

Beds:
5
Baths:
2.00
Sq.Ft.:
n/a
Status:
Active
MLS#:
12624227
Type:
Multi-Family
Year built:
1890
A broker reciprocity listing Courtesy: Keller Williams Infinity 630-778-5800
View additional info

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!

Beds:
6
Baths:
3.00
Sq.Ft.:
n/a
Status:
Active
MLS#:
12610981
Type:
Multi-Family
Lot size:
0.08 Acres
Year built:
1895
A broker reciprocity listing Courtesy: Green Real Estate 815-953-2751
View additional info

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 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.

Beds:
6
Baths:
2.00
Sq.Ft.:
n/a
Status:
Active
MLS#:
12604856
Type:
Multi-Family
Year built:
1900
A broker reciprocity listing Courtesy: eXp Realty 888-574-9405
View additional info

ADDITIONAL INFORMATION

Don't miss this well-maintained 2-unit property in the heart of Kankakee! Whether you're an investor looking to expand your portfolio or an owner occupant seeking rental income, this versatile property offers strong potential. For any questions reach out to the listing agent

Beds:
4
Baths:
4.00
Sq.Ft.:
n/a
Status:
Active
MLS#:
12603519
Type:
Multi-Family
Year built:
1910
A broker reciprocity listing Courtesy: Ultimate Realty Brokerage Svs 815-954-6467
View additional info

ADDITIONAL INFORMATION

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 $2400.00 rent role. Building has a basement for utilities. On site and street parking available.

Beds:
6
Baths:
2.00
Sq.Ft.:
n/a
Status:
Active
MLS#:
12558710
Type:
Multi-Family
Year built:
1900
A broker reciprocity listing Courtesy: Coldwell Banker Realty 815-933-9700
View additional info

ADDITIONAL INFORMATION

GREAT INVESTMENT OPPORTUNITY IN KANKAKEE FOR 2 UNIT! DOWNSTAIRS IS RENTED. Fully renovated in 2025, this two-unit property offers two ample sized 3-bedroom, 1-bath units designed with open-concept living which supports both relaxation and everyday comfort. The main-level unit features a comfortable living and open dining room, which flows into the kitchen making the area the preferred family entertainment spot! The upper-level unit offers a relaxed yet open-plan layout as well. The unrestricted kitchen opens directly to a light-filled comfortable living area. Both units include well-appointed bathrooms with neutral, cohesive finishes. 2025 renovations include new drywall, fresh interior paint, updated electrical and plumbing, refined modern lighting, and continuous laminate and waterproof vinyl plank flooring throughout. Updated generous sized kitchens and baths with large windows throughout enhance the open, airy feel of each unit. Additional improvements include a partially replaced roof, select new windows, new rear foundation section, a full unfinished basement for storage or utility use, and a detached one-car garage. Call for an appointment today! MONTH TO MONTH LEASE.

Refine Property Search
Page 1 of 1    Prev | Next
1–25 of 25 properties displayed
Andrea D. Conner, License 471020674, Xome Inc., License 478026347, [email protected], 844-400-XOME (9663), 750 Highway 121 Bypass, Ste 100, Lewisville, TX 75067


© 2026 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

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.

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.

Kankakee Map

Kankakee Real Estate Market Conditions

  • Median sales price

    $210,250
    15.4%
    change since last quarter
  • # Active listings

    176
    30-day change

Kankakee Schools and Demographics

Education near Kankakee, IL

City County
High School Graduates 78.32 89.54
College Degree - 2 year 6.46 9.8
College Degree - 4 year 13.4 20.75
Graduate Degree 4.14 5.91
Expenditures per Student 18,117 18,117
Students per Teacher 14.4 14.4

Elementary Schools near Kankakee, IL

Grades Students P/T Ratio ZIP
Alan B Shepard Elementary School KG - 04 468 16.1 60914
Aroma Park Primary School KG - 03 194 17.6 60910
Bradley East Elementary School PK - 02 665 18 60915
Bradley West Elementary School 03 - 05 453 13.7 60915
Chebanse Elementary School KG - 04 389 15 60922
Edison Primary School KG - 03 212 18.4 60901
John Kennedy Middle Grade School 03 - 06 640 17.4 60901
King Middle Grade School 03 - 06 528 17.3 60901
Lafayette Primary School KG - 03 201 20.1 60901
Lincoln Cultural Center-Montessori Elementary KG - 08 325 16.2 60901
Mark Twain Primary School PK - 03 378 22.2 60901
Noel Levasseur Elementary School 01 - 04 340 15.7 60914
Proegler School PK - PK 321 15.3 60901
Robert Frost Elem School PK - KG 247 22.1 60914
Shabbona Elementary School 01 - 04 299 14.8 60914
St. George Elementary School KG - 08 468 17.2 60914
Steuben Elementary School KG - 03 297 13.3 60901
Taft Primary School KG - 03 460 18.5 60901

Middle Schools near Kankakee, IL

Grades Students P/T Ratio ZIP
Bourbonnais Upper Grade Center 07 - 08 551 15.5 60914
Bradley Central Middle School 06 - 08 471 13.5 60915
Kankakee Junior High School 07 - 08 726 13.6 60901
Liberty Intermediate School 05 - 06 520 17.5 60914
Limestone Middle School 05 - 08 561 15.6 60901

High Schools near Kankakee, IL

Grades Students P/T Ratio ZIP
Bradley-Bourbonnais C High School 09 - 12 2,042 17.6 60915
Kankakee High School 09 - 12 1,085 12.1 60901

Ungraded Schools near Kankakee, IL

Grades Students P/T Ratio ZIP
* Salt School 09 - 12 85 14.2 60901
I Kan Regional Alternatve Att Center 06 - 12 50 10 60901
Impact Program 06 - 12 26 4.3 60901
Kankakee Area Co-op Day School 04 - 12 6 1.3 60901

Demographics near Kankakee, IL

City County
Neighborhood Type Suburban
Population 24,903 108,104
Population Density 1,659 160
Median Age 35.9 38.5
People per Household 2.5 2.6
Median Household Income 38,869 61,664
Average Income per Capita 21,134 30,203

Real estate near Kankakee