Why Live in Kankakee
Kankakee, located 60 miles south of downtown Chicago, offers a small-town atmosphere with access to the Kankakee River and numerous parks. The Kankakee Valley Park District boasts over 30 parks, including riverfront locations with boat launch access, and facilities like the Ice Valley Centre Ice Arena for public skating and hockey. The Riverview Historic District features homes from the late 1800s and early 1900s, including two Frank Lloyd Wright-designed houses, with no stringent renovation rules. Downtown Kankakee hosts the farmers’ market from May to October and the Merchant Street MusicFest in July. Schuyler Avenue is lined with locally owned businesses, boutiques, and restaurants, while larger chain stores are found at Meadowview Shopping Center and Riverstone Plaza. Public transportation is provided by the River Valley Metro Mass Transit District, with Amtrak service to Chicago and Champaign. The Greater Kankakee Airport serves general aviation needs, and Midway International Airport is 50 miles away. Homes in Kankakee are predominantly built from the 1950s onward, with median prices well below the national average.
Home Trends in Kankakee, IL
On average, homes in Kankakee, IL sell after 37 days on the market compared to the national average of 50 days. The median sale price for homes in Kankakee, IL over the last 12 months is $165,000, up 4% from the median home sale price over the previous 12 months.
Median Sale Price
$165,000
Median Single Family Sale Price
$160,450
Median 2 Bedroom Sale Price
$66,000
Median 1 Bedroom Sale Price
$54,000
Average Price Per Sq Ft
$115
Number of Homes for Sale
73
Last 12 months Home Sales
346
Median List Price
$165,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
4%