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!
Active
Price cut: $10K (7/22)
$185,000
1095-1097 E Merchant St, Kankakee, IL 60901
5beds
--sqft
Multi Family
Built in 1890
-- sqft lot
$181,400 Zestimate®
$--/sqft
$-- HOA
What's special
Modern finishesThoughtful upgradesComfortable living spaces
- 124 days
- 282
- 27
Zillow last checked:
Listing updated:
Listed by:
Leda Quiaro, CNC,SRS (630)638-4272,
Keller Williams Infinity
Source: MRED as distributed by MLS GRID,MLS#: 12624227
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Natural Gas
Features
- Basement: Unfinished,Full
Property
Parking
- Total spaces: 2
- Parking features: Yes, Garage Owned, Detached, Garage
- Garage spaces: 2
Lot
- Size: 8,178 Square Feet
- Dimensions: 58X141
Details
- Parcel number: 16170520201900
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1890
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Sidewalks, Street Lights, Street Paved
Location
- Region: Kankakee
Financial & listing details
- Annual tax amount: $2,423
- Date on market: 5/4/2026
- Ownership: Fee Simple
Estimated market value
$181,400
$172,000 - $190,000
$1,329/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/22/2026 | Price change | $185,000-5.1% |
Source: | ||
| 5/4/2026 | Listed for sale | $195,000 |
Source: | ||
| 10/2/2025 | Listing removed | $195,000 |
Source: | ||
| 9/3/2025 | Listed for sale | $195,000-15.2% |
Source: | ||
| 4/11/2025 | Listing removed | $230,000 |
Source: | ||
| 11/25/2024 | Listed for sale | $230,000+360% |
Source: | ||
| 3/8/2024 | Sold | $50,000-23.1% |
Source: | ||
| 2/23/2024 | Contingent | $65,000 |
Source: | ||
| 2/3/2024 | Listed for sale | $65,000 |
Source: | ||
| 1/3/2024 | Pending sale | $65,000 |
Source: | ||
| 10/17/2023 | Price change | $65,000-7.1% |
Source: | ||
| 7/24/2023 | Price change | $70,000-11.4% |
Source: | ||
| 4/24/2023 | Listed for sale | $79,000 |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 60901
Nearby schools
Schools provided by the listing agent
- District: 111
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.



