Welcome to downtown Kankakee! Great opportunity in for the experienced investor looking to add cashflow to his investment, or for the first time buyer looking to house-hack! Walking distance from every amenity one could desire. Including grocery stores, gas stations, parks, museums, library, the list could go on! The Kankakee Riverfront project will be steps away! The building includes 4 similar units: 2 bed 1 bath, 800sqft/units. The building also has an unfinished basement with the opportunity for a laundry room. 2 Parking spots in the rear, 4 Parking spots in the front, and a 1.5 car garage for additional income. Tenants responsible for electric -all equipment is electric! (Heaters and water heaters!) Units have all been updated and rehabbed! All you need to do is is start collecting that cashflow!
New
$290,000
543 S 3rd Ave, Kankakee, IL 60901
8beds
--sqft
Multi Family
Built in 1960
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 1 day |
- 222 |
- 7 |
Zillow last checked:
Listing updated:
Listed by:
Antony Toledo 815-325-5012,
Realty of America, LLC
Source: MRED as distributed by MLS GRID,MLS#: 12710105
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Electric
Appliances
- Included: Multiple Water Heaters, Electric Water Heater
Features
- Basement: Unfinished,Partial
Property
Parking
- Total spaces: 5.5
- Parking features: No Garage, Yes, Garage Owned, Detached, Off Street, Owned, Garage
- Garage spaces: 1.5
Lot
- Size: 7,405 Square Feet
- Dimensions: 50x150
- Features: None
Details
- Additional structures: None
- Parcel number: 16170622201700
- Zoning: MULTI
- Special conditions: List Broker Must Accompany
- Other equipment: Ceiling Fan(s)
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding, Brick
- Foundation: Concrete Perimeter
Condition
- New construction: No
- Year built: 1960
- Major remodel year: 2026
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Security: Carbon Monoxide Detector(s)
Location
- Region: Kankakee
Financial & listing details
- Tax assessed value: $92,895
- Annual tax amount: $3,892
- Date on market: 8/18/2026
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/18/2026 | Listed for sale | $290,000+58.5% |
Source:  MRED as distributed by MLS GRID #12710105 Report a problem | ||
| 8/16/2026 | Listed for rent | $1,100 |
Source: Zillow Rentals Report a problem | ||
| 7/18/2026 | Listing removed | $1,100 |
Source: Zillow Rentals Report a problem | ||
| 7/1/2026 | Listed for rent | $1,100-8.3% |
Source: Zillow Rentals Report a problem | ||
| 6/2/2026 | Listing removed | $1,200 |
Source: Zillow Rentals Report a problem | ||
| 5/17/2026 | Listed for rent | $1,200 |
Source: Zillow Rentals Report a problem | ||
| 9/22/2025 | Listing removed | $1,200 |
Source: Zillow Rentals Report a problem | ||
| 8/3/2025 | Listed for rent | $1,200 |
Source: Zillow Rentals Report a problem | ||
| 8/29/2024 | Sold | $183,000+103.3% |
Source: Public Record Report a problem | ||
| 12/29/2016 | Sold | $90,000-28% |
Source: MRED as distributed by MLS GRID #09194011 Report a problem | ||
| 4/13/2016 | Listing removed | $125,000 |
Source: Baird & Warner #09176308 Report a problem | ||
| 3/30/2016 | Price change | $125,000-82.3% |
Source: Baird & Warner #09176308 Report a problem | ||
| 3/29/2016 | Listed for sale | $706,000+430.8% |
Source: Baird & Warner #09176308 Report a problem | ||
| 9/29/2006 | Sold | $133,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,661 +3.8% | $30,965 +12.3% |
| 2023 | $3,527 +7.5% | $27,585 +14.3% |
| 2022 | $3,281 +5.9% | $24,144 +10.5% |
| 2021 | $3,097 +7.8% | $21,850 +11.3% |
| 2020 | $2,873 +4.9% | $19,640 +7.5% |
| 2019 | $2,738 -7.3% | $18,270 +8% |
| 2018 | $2,952 | $16,917 +2.2% |
| 2017 | $2,952 +6.7% | $16,545 +2% |
| 2016 | $2,767 +3.5% | $16,221 -2% |
| 2015 | $2,673 | $16,552 -20% |
| 2014 | $2,673 | $20,689 -18.4% |
| 2013 | -- | $25,355 -4.5% |
| 2012 | -- | $26,553 -28% |
| 2011 | -- | $36,872 -16% |
| 2009 | $5,017 +7.7% | $43,912 |
| 2008 | $4,658 | $43,912 +36.5% |
| 2002 | -- | $32,165 +2.4% |
| 2001 | -- | $31,404 |
| 2000 | -- | $31,404 |
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: 0.8 mi
- 4/10Kankakee Junior High SchoolGrades: 7-8Distance: 2 mi
- 4/10Kankakee High SchoolGrades: 9-12Distance: 1.1 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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