13

Kankakee, IL Multifamily Homes & Duplexes for Sale

Section Image
  • /60

    $420,000

    • 5 Beds
    • 2 Baths

    2697 River Rd, Kankakee, IL 60901

    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

    Kimberly Wirtz Wirtz Real Estate Group Inc.

    2697 River Rd, Kankakee, IL 60901
  • /5

    $149,999

    • 6 Beds
    • 2 Baths

    312 S Evergreen Ave Unit 314, Kankakee, IL 60901

    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

    Frank Montro Keller Williams Preferred Rlty

    312 S Evergreen Ave Unit 314, Kankakee, IL 60901
  • /29

    $169,900

    • 4 Beds
    • 3 Baths

    357 E Hickory St, Kankakee, IL 60901

    **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

    Richard Harnik First Midwest Realty LLC

    357 E Hickory St, Kankakee, IL 60901
  • /12

    $149,900

    • 4 Beds
    • 3 Baths

    331 S 4th Ave, Kankakee, IL 60901

    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

    Paul Kirkpatrick Exclusive Realtors

    331 S 4th Ave, Kankakee, IL 60901
  • /4

    $95,000

    • 3 Beds
    • 2 Baths

    322 W Merchant St Unit 324, Kankakee, IL 60901

    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,

    Buck Tamblyn McColly Bennett Real Estate

    322 W Merchant St Unit 324, Kankakee, IL 60901
  • /8

    $135,000

    • 4 Beds
    • 2 Baths

    144 N 4th Ave, Kankakee, IL 60901

    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

    Dustin Kooy Village Realty Inc

    144 N 4th Ave, Kankakee, IL 60901
  • /7

    $169,000

    • 4 Beds
    • 4 Baths

    310 W Merchant St Unit 316, Kankakee, IL 60901

    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

    Buck Tamblyn McColly Bennett Real Estate

    310 W Merchant St Unit 316, Kankakee, IL 60901
  • /17

    $120,000

    • 2 Beds
    • 2 Baths

    346 W Hickory St Unit 348, Kankakee, IL 60901

    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!

    Buck Tamblyn McColly Bennett Real Estate

    346 W Hickory St Unit 348, Kankakee, IL 60901
  • /13

    $194,900

    • 4 Beds
    • 4 Baths

    341 S Harrison Ave, Kankakee, IL 60901

    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.

    Frank Tripodi Ultimate Realty Brokerage Svs

    341 S Harrison Ave, Kankakee, IL 60901
  • /5

    $105,000

    • 4 Beds
    • 2 Baths

    1020 E Court St, Kankakee, IL 60901

    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.

    Debby Little Century 21 Circle

    1020 E Court St, Kankakee, IL 60901
  • /12

    $160,000

    • 6 Beds
    • 3 Baths

    273 S 3rd Ave Unit 275, Kankakee, IL 60901

    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

    Isaiah Green Green Real Estate

    273 S 3rd Ave Unit 275, Kankakee, IL 60901
  • /19

    $150,000

    • 3 Beds
    • 2 Baths

    481 N Adams St, Kankakee, IL 60901

    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!

    Jennifer Martinez Real Broker, LLC

    481 N Adams St, Kankakee, IL 60901
  • /2

    $95,000

    • 3 Beds
    • 2 Baths

    653 E River St, Kankakee, IL 60901

    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!

    Buck Tamblyn McColly Bennett Real Estate

    653 E River St, Kankakee, IL 60901

About Kankakee

Just outside the Chicago suburbs, 60 miles south of downtown, is the city of Kankakee. Though outside of the metropolitan area of Chicago, the town of just over 24,000 serves as a respite from the big city and the suburbs. “Kankakee is like small-town living by comparison,” says Berry McCracken, a real estate agent with Coldwell Banker Realty. “One of the draws to the area is access to the Kankakee River and the number of parks on the water.”

The Kankakee Valley Park District has over 30 parks in the city, including about a dozen on the rive ...

Home Trends in Kankakee, IL

Home Trends

Median Price (12 Mo)
$161,400
Median Single Family Price
$163,500
Median Townhouse Price
$225,000
Median 2 Bedroom Price
$64,000
Median 1 Bedroom Price
$54,000
Average Price Per Sq Ft
$113
Number of Homes for Sale
54
Last 12 months Home Sales
380
Months of Supply
1.70
Median List Price
$165,000
Median Discount From 1st List Price
2%
Median Home Sale Price YoY Change
2%
How to Buy a Home How to Finance a Home How to Sell a Home