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.
Contingent
$160,000
273 S 3rd Ave, Kankakee, IL 60901
6beds
--sqft
Multi Family
Built in 1895
-- sqft lot
$154,600 Zestimate®
$--/sqft
$-- HOA
What's special
- 135 days |
- 8 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Isaiah Green 815-953-2751,
Green Real Estate
Source: MRED as distributed by MLS GRID,MLS#: 12610981
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Natural Gas
Features
- Basement: Unfinished,Full
Property
Lot
- Size: 3,484 Square Feet
- Dimensions: 25 X 150
Details
- Parcel number: 16093233502600
- Zoning: MULTI
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
Condition
- New construction: No
- Year built: 1895
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Kankakee
Financial & listing details
- Tax assessed value: $79,626
- Annual tax amount: $3,023
- Date on market: 4/6/2026
- Ownership: Fee Simple
Estimated market value
$154,600
$147,000 - $162,000
$1,418/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/20/2026 | Listing removed | $160,000 |
Source:  MRED as distributed by MLS GRID #12610981 Report a problem | ||
| 5/5/2026 | Contingent | $160,000 |
Source: MRED as distributed by MLS GRID #12610981 Report a problem | ||
| 4/6/2026 | Listed for sale | $160,000 |
Source: MRED as distributed by MLS GRID #12610981 Report a problem | ||
| 11/10/2025 | Listing removed | $160,000 |
Source: MRED as distributed by MLS GRID #12207145 Report a problem | ||
| 2/14/2025 | Listed for sale | $160,000 |
Source: MRED as distributed by MLS GRID #12207145 Report a problem | ||
| 11/16/2024 | Contingent | $160,000 |
Source: MRED as distributed by MLS GRID #12207145 Report a problem | ||
| 11/9/2024 | Listed for sale | $160,000+113.3% |
Source: MRED as distributed by MLS GRID #12207145 Report a problem | ||
| 7/13/2018 | Sold | $75,000 |
Source: MRED as distributed by MLS GRID #09764348 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,138 +3.8% | $26,542 +12.2% |
| 2023 | $3,024 +7.5% | $23,646 +14.2% |
| 2022 | $2,813 +5.9% | $20,697 +10.5% |
| 2021 | $2,655 +7.8% | $18,731 +11.3% |
| 2020 | $2,463 +4.9% | $16,836 +7.5% |
| 2019 | $2,347 -7.3% | $15,662 +8% |
| 2018 | $2,531 | $14,502 +2.2% |
| 2017 | $2,531 +6.7% | $14,183 +2% |
| 2016 | $2,372 +3.5% | $13,905 -2% |
| 2015 | $2,291 | $14,189 |
| 2014 | $2,291 | $14,189 -18.4% |
| 2013 | -- | $17,388 -4.5% |
| 2012 | -- | $18,210 -22.4% |
| 2011 | -- | $23,469 -18% |
| 2009 | $3,270 +7.7% | $28,621 |
| 2008 | $3,036 | $28,621 +4.8% |
| 2002 | -- | $27,310 +3.6% |
| 2001 | -- | $26,354 |
| 2000 | -- | $26,354 |
Find assessor info on the county website
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
GreatSchools rating
- 3/10John Kennedy Middle Grade SchoolGrades: 2-6Distance: 0.9 mi
- 4/10Kankakee Junior High SchoolGrades: 7-8Distance: 1.9 mi
- 4/10Kankakee High SchoolGrades: 9-12Distance: 1.3 mi
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.
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A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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