Kankakee, IL Multifamily Homes & Duplexes for Sale
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$149,999
- 6 Beds
- 2 Baths
312 S Evergreen Ave Unit 314, Kankakee, IL 60901
312 S Evergreen Ave Unit 314, Kankakee, IL 60901 -
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$95,000
- 3 Beds
- 2 Baths
322 W Merchant St Unit 324, Kankakee, IL 60901
322 W Merchant St Unit 324, Kankakee, IL 60901 -
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$169,000
- 4 Beds
- 4 Baths
310 W Merchant St Unit 316, Kankakee, IL 60901
310 W Merchant St Unit 316, Kankakee, IL 60901 -
$120,000
- 2 Beds
- 2 Baths
346 W Hickory St Unit 348, Kankakee, IL 60901
346 W Hickory St Unit 348, Kankakee, IL 60901 -
$194,900
- 4 Beds
- 4 Baths
341 S Harrison Ave, Kankakee, IL 60901
341 S Harrison Ave, Kankakee, IL 60901 -
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$160,000
- 6 Beds
- 3 Baths
273 S 3rd Ave Unit 275, Kankakee, IL 60901
273 S 3rd Ave Unit 275, Kankakee, IL 60901 -
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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
On average, homes in Kankakee, IL sell after 35 days on the market compared to the national average of 47 days. The average sale price for homes in Kankakee, IL over the last 12 months is $168,191, up 3% from the average home sale price over the previous 12 months.
Home Trends
In Kankakee, there are currently 13 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $95,000 to $420,000, there's a range to accomodate every budget. As of April, 2025 the median home price in Kankakee is $165,000, while the average sale price is $168,191, offering insights into the local housing market. On average, multi-family homes spend 35 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Kankakee, IL.