This exceptional investment property in desirable Kankakee, Illinois, strategically positioned just off Schuyler near the local farmers market and within walking distance to the river, presents a compelling opportunity for local investors. The well-maintained three-unit building features two spacious one-bedroom apartments, one on the main floor and one on the upper level, alongside an efficient studio unit with charming loft space, all currently occupied by reliable long-term tenants providing steady, consistent income at 550 dollars monthly for the efficiency unit, 600 dollars for the upper one-bedroom, and 900 dollars for the main floor one-bedroom, with tenants responsible for gas and electric while the landlord maintains water, sewer, and garbage services. The property boasts superior curb appeal with updated Dutch lap vinyl siding and a durable architectural roof, featuring wrapped windows and soffits ensuring the new owner will not have to paint the windows or soffits during the rental relicensing process upon sale, while the practical basement exterior access ensures convenient maintenance without disrupting tenant occupancy, and the property offers street parking with additional parking spaces in the back for tenants. Schedule your showing today. 24hr notice needed.
72 days
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448
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Zillow last checked:
Listing updated:
Listed by:
Paul Kirkpatrick815-405-2964,
Exclusive Realtors
Source: MRED as distributed by MLS GRID,MLS#: 12649319
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 3
Bathrooms: 3
Full bathrooms: 3
Heating
Natural Gas, Electric, Forced Air
Features
Windows: Screens
Basement: Unfinished,Exterior Entry,Full
Property
Parking
Total spaces: 4
Parking features: Off Alley, Off Street, Yes, Owned
Features
Patio & porch: Porch
Exterior features: Balcony
Lot
Size: 7,405 Square Feet
Dimensions: 50X150
Details
Additional structures: None
Parcel number: 16170531100400
Zoning: MULTI
Special conditions: None
Construction
Type & style
Home type: MultiFamily
Architectural style: Traditional
Property subtype: Multi Family
Materials
Vinyl Siding
Foundation: Block, Stone
Roof: Asphalt
Condition
New construction: No
Year built: 1905
Utilities & green energy
Sewer: Public Sewer
Water: Public
Community & HOA
Community
Features: Park, Curbs, Sidewalks, Street Lights, Street Paved
Location
Region: Kankakee
Financial & listing details
Tax assessed value: $76,767
Annual tax amount: $3,025
Date on market: 5/18/2026
Ownership: Fee Simple
Estimated market value
Zestimate®
$132,800
Estimated sales range
$126,000 - $139,000
Rent Zestimate®
$1,235/mo
Price history
Date
Event
Price
7/23/2026
Price change
$134,900-3.6%
Source: MRED as distributed by MLS GRID #12649319Report a problem
7/6/2026
Price change
$139,900-5.1%
Source: MRED as distributed by MLS GRID #12649319Report a problem
6/19/2026
Price change
$147,400-1.7%
Source: MRED as distributed by MLS GRID #12649319Report a problem
5/18/2026
Listed for sale
$149,900+30.3%
Source: MRED as distributed by MLS GRID #12649319Report a problem
4/1/2022
Sold
$115,000
Source: MRED as distributed by MLS GRID #11326713Report a problem
2/21/2022
Contingent
$115,000
Source: MRED as distributed by MLS GRID #11326713Report a problem
2/17/2022
Listed for sale
$115,000+144.7%
Source: MRED as distributed by MLS GRID #11326713Report a problem
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
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.
See how much you could borrow to make a competitive offer.
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.