Fantastic investment opportunity! This affordable and well-maintained 2-unit property is a rare find, with tenants in place for over 10 and 15 years, providing stable, long-term rental income. The home has been meticulously cared for, minimizing maintenance concerns. Whether you're looking to expand your portfolio or start your investment journey, this property offers immediate cash flow with reliable tenants and a solid foundation. Updated Furnaces, electrical panels and water heaters.
Closed
$105,000
341 S 5th Ave, Kankakee, IL 60901
3beds
--sqft
Multi Family
Built in 1910
-- sqft lot
$109,300 Zestimate®
$--/sqft
$1,326 Estimated rent
Home value
$109,300
$87,000 - $137,000
$1,326/mo
Zestimate® history
Owner options
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$1,326/mo
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$1,326/mo
Rent Zestimate®
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$639/mo
Est. payment
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$639/mo
Est. payment
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Updated furnacesWater heatersElectrical panels
Zillow last checked:
Listing updated:
Listed by:
Monica Pizano 815-671-6209,
RE/MAX Prestige Homes
Bought with:
Fawad Shahid, ABR,SFR
Carnelian Realty Group
Source: MRED as distributed by MLS GRID,MLS#: 12384373
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Natural Gas
Features
- Basement: Unfinished,Full
Property
Parking
- Total spaces: 4
- Parking features: Unassigned, Off Street, Yes
Lot
- Size: 7,500 Square Feet
- Dimensions: 50X150
Details
- Parcel number: 16170621401700
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Foundation: Stone
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1910
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Kankakee
Financial & listing details
- Tax assessed value: $76,983
- Annual tax amount: $3,033
- Date on market: 6/6/2025
- Listing terms: Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 11/24/2025 | Sold | $105,000-8.7% |
Source:  MRED as distributed by MLS GRID #12384373 Report a problem | ||
| 11/21/2025 | Pending sale | $115,000 |
Source: MRED as distributed by MLS GRID #12384373 Report a problem | ||
| 10/30/2025 | Contingent | $115,000 |
Source: MRED as distributed by MLS GRID #12384373 Report a problem | ||
| 9/5/2025 | Price change | $115,000-3.4% |
Source: MRED as distributed by MLS GRID #12384373 Report a problem | ||
| 8/7/2025 | Price change | $119,000-4.8% |
Source: MRED as distributed by MLS GRID #12384373 Report a problem | ||
| 7/16/2025 | Price change | $125,000-3.8% |
Source: MRED as distributed by MLS GRID #12384373 Report a problem | ||
| 6/6/2025 | Listed for sale | $130,000+36.8% |
Source: MRED as distributed by MLS GRID #12384373 Report a problem | ||
| 11/27/2024 | Sold | $95,000 |
Source: MRED as distributed by MLS GRID #12185330 Report a problem | ||
| 10/21/2024 | Contingent | $95,000 |
Source: MRED as distributed by MLS GRID #12185330 Report a problem | ||
| 10/17/2024 | Listed for sale | $95,000 |
Source: MRED as distributed by MLS GRID #12185330 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,034 +3.8% | $25,661 +12.3% |
| 2023 | $2,923 +7.5% | $22,860 +14.2% |
| 2022 | $2,719 +5.9% | $20,009 +10.5% |
| 2021 | $2,566 +7.8% | $18,108 +11.2% |
| 2020 | $2,381 +4.9% | $16,277 +7.5% |
| 2019 | $2,269 -7.3% | $15,142 +8% |
| 2018 | $2,447 | $14,020 +2.3% |
| 2017 | $2,447 +6.7% | $13,711 +2% |
| 2016 | $2,293 +3.5% | $13,442 -2% |
| 2015 | $2,215 | $13,716 |
| 2014 | $2,215 | $13,716 -13.6% |
| 2013 | -- | $15,875 -4.5% |
| 2012 | -- | $16,625 -20.9% |
| 2011 | -- | $21,012 -16.4% |
| 2009 | $2,873 +7.7% | $25,146 |
| 2008 | $2,668 | $25,146 +34.4% |
| 2002 | -- | $18,704 +1.5% |
| 2001 | -- | $18,435 |
| 2000 | -- | $18,435 |
Find assessor info on the county website
Neighborhood: 60901
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Nearby schools
GreatSchools rating
- 3/10John Kennedy Middle Grade SchoolGrades: 2-6Distance: 0.8 mi
- 4/10Kankakee Junior High SchoolGrades: 7-8Distance: 2.1 mi
- 4/10Kankakee High SchoolGrades: 9-12Distance: 1.2 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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- Illinois
- Kankakee County
- Kankakee
- 60901
- 341 S 5th Ave
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