GREAT INVESTMENT OPPORTUNITY IN KANKAKEE FOR 2 UNIT! DOWNSTAIRS IS RENTED. Fully renovated in 2025, this two-unit property offers two ample sized 3-bedroom, 1-bath units designed with open-concept living which supports both relaxation and everyday comfort. The main-level unit features a comfortable living and open dining room, which flows into the kitchen making the area the preferred family entertainment spot! The upper-level unit offers a relaxed yet open-plan layout as well. The unrestricted kitchen opens directly to a light-filled comfortable living area. Both units include well-appointed bathrooms with neutral, cohesive finishes. 2025 renovations include new drywall, fresh interior paint, updated electrical and plumbing, refined modern lighting, and continuous laminate and waterproof vinyl plank flooring throughout. Updated generous sized kitchens and baths with large windows throughout enhance the open, airy feel of each unit. Additional improvements include a partially replaced roof, select new windows, new rear foundation section, a full unfinished basement for storage or utility use, and a detached one-car garage. Call for an appointment today! MONTH TO MONTH LEASE.
Active
$191,000
505 S Chicago Ave, Kankakee, IL 60901
6beds
--sqft
Multi Family
Built in 1900
-- sqft lot
$185,300 Zestimate®
$--/sqft
$-- HOA
What's special
Refined modern lightingNew rear foundation sectionOpen-concept livingRelaxed yet open-plan layoutDetached one-car garageNew drywallSelect new windows
- 146 days |
- 325 |
- 35 |
Zillow last checked:
Listing updated:
Listed by:
Brenda Ervin 815-685-0106,
Coldwell Banker Realty
Source: MRED as distributed by MLS GRID,MLS#: 12558710
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Baseboard
Features
- Basement: Unfinished,Full
Property
Parking
- Total spaces: 5
- Parking features: Yes, Garage Owned, Detached, Off Street, Driveway, Owned, Garage
- Garage spaces: 1
- Has uncovered spaces: Yes
Lot
- Size: 4,250 Square Feet
- Dimensions: 50 X 85
- Features: Corner Lot
Details
- Parcel number: 16170512301200
- Zoning: MULTI
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Foundation: Concrete Perimeter
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Curbs, Sidewalks, Street Lights, Street Paved
Location
- Region: Kankakee
Financial & listing details
- Tax assessed value: $77,952
- Annual tax amount: $3,088
- Date on market: 2/11/2026
- Ownership: Fee Simple
Estimated market value
$185,300
$176,000 - $195,000
$1,369/mo
Price history
| Date | Event | Price |
|---|---|---|
| 2/11/2026 | Listed for sale | $191,000+1173.3% |
Source:  MRED as distributed by MLS GRID #12558710 Report a problem | ||
| 3/13/2023 | Sold | $15,000-16.7% |
Source: MRED as distributed by MLS GRID #10748513 Report a problem | ||
| 1/10/2023 | Pending sale | $18,000 |
Source: MRED as distributed by MLS GRID #10748513 Report a problem | ||
| 12/31/2022 | Price change | $18,000-35.7% |
Source: MRED as distributed by MLS GRID #10748513 Report a problem | ||
| 7/14/2022 | Price change | $28,000-12.5% |
Source: MRED as distributed by MLS GRID #10748513 Report a problem | ||
| 5/4/2022 | Price change | $32,000-15.8% |
Source: MRED as distributed by MLS GRID #10748513 Report a problem | ||
| 11/30/2021 | Listed for sale | $38,000 |
Source: MRED as distributed by MLS GRID #10748513 Report a problem | ||
| 1/19/2021 | Listing removed | -- |
Source:  MRED as distributed by MLS GRID Report a problem | ||
| 6/16/2020 | Listed for sale | $38,000 |
Source: Coldwell Banker Realty #10748513 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,089 +3.8% | $25,984 +12.3% |
| 2023 | $2,977 +7.5% | $23,148 +14.2% |
| 2022 | $2,770 +5.9% | $20,261 +10.5% |
| 2021 | $2,615 +7.8% | $18,335 +11.2% |
| 2020 | $2,427 +4.9% | $16,481 +7.5% |
| 2019 | $2,313 -7.2% | $15,331 +8% |
| 2018 | $2,491 | $14,196 +2.2% |
| 2017 | $2,491 +6.7% | $13,884 +2% |
| 2016 | $2,336 +3.5% | $13,612 -2% |
| 2015 | $2,257 | $13,890 |
| 2014 | $2,257 | $13,890 -4% |
| 2013 | -- | $14,469 -4.5% |
| 2012 | -- | $15,154 -22.2% |
| 2011 | -- | $19,468 -21.3% |
| 2009 | $2,848 -0.5% | $24,751 |
| 2008 | $2,861 | $24,751 +79.1% |
| 2002 | -- | $13,820 -3.5% |
| 2001 | -- | $14,325 |
| 2000 | -- | $14,325 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 60901
Nearby schools
GreatSchools rating
- 2/10Steuben Elementary SchoolGrades: PK-3Distance: 0.3 mi
- 4/10Kankakee Junior High SchoolGrades: 7-8Distance: 1.4 mi
- 4/10Kankakee High SchoolGrades: 9-12Distance: 1.5 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.
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.
- Illinois
- Kankakee County
- Kankakee
- 60901
- 505 S Chicago Ave
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