"Rare Two-Unit Investment Opportunity in Chebanse" Don't miss this hard-to-find two-unit property in Kankakee County, offering existing rental income and additional upside potential. The property features two separate 1-bedroom units, with one unit on the main level and one upstairs. The upper unit is currently tenant-occupied, giving an investor the opportunity to step into an income-producing property while improving or leasing the remaining unit. Situated on a generous corner lot approximately 60 x 200 per assessor, the property also offers a large yard, detached garage, and unfinished cellar for additional storage. With limited multi-unit inventory in the Chebanse area, this property could be an excellent addition to a rental portfolio or a potential owner-occupant investment for a buyer looking to live in one unit while generating income from the other. Property will not qualify for traditional FHA
New
$160,000
397 W Chebanse Ave, Chebanse, IL 60922
2beds
--sqft
Multi Family
Built in ----
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Large yardDetached garage
- --
- 150
- views
- 5
- saves
Zillow last checked:
Listing updated:
Listed by:
Zaneta Sanders, ABR,CRB,SRES,SRS (815)304-5384,
Z Realty Group
Source: MRED as distributed by MLS GRID,MLS#: 12758554
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Natural Gas, Electric
Features
- Basement: Unfinished,Cellar,Exterior Entry,Partial
Property
Parking
- Total spaces: 8
- Parking features: Yes, Garage Owned, Detached, Garage
- Garage spaces: 2
Lot
- Size: 0.28 Acres
- Dimensions: 60x200
Details
- Parcel number: 132411402023
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
Condition
- New construction: No
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Chebanse
Financial & listing details
- Tax assessed value: $127,446
- Annual tax amount: $3,104
- Date on market: 9/14/2026
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/14/2026 | Listed for sale | $160,000+73% |
Source: My State MLS #11979598 Report a problem | ||
| 10/9/2008 | Sold | $92,500 |
Source:  MRED as distributed by MLS GRID #08206595 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,871 +5.9% | $42,482 +10.2% |
| 2023 | $2,711 +8% | $38,533 +6.3% |
| 2022 | $2,510 +2.9% | $36,266 +6.7% |
| 2021 | $2,438 +6.6% | $33,973 +6.3% |
| 2020 | $2,287 +6.5% | $31,974 +6.5% |
| 2019 | $2,147 +2.7% | $30,022 +1.5% |
| 2018 | $2,090 | $29,578 +2.3% |
| 2017 | $2,090 +9% | $28,927 +3.8% |
| 2016 | $1,918 +4.5% | $27,881 +4.5% |
| 2015 | $1,836 | $26,681 +3% |
| 2014 | $1,836 | $25,904 -1.7% |
| 2013 | -- | $26,365 -13.5% |
| 2012 | -- | $30,478 |
| 2011 | -- | $30,478 -1.1% |
| 2009 | $2,029 -15% | $30,804 |
| 2008 | $2,386 | $30,804 +21.6% |
| 2002 | -- | $25,335 -17.9% |
| 2001 | -- | $30,860 +8% |
| 2000 | -- | $28,574 |
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: 60922
Nearby schools
Schools provided by the listing agent
- District: 4
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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