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$ 474,900
Est. payment | /mo
8 Beds
4 Baths
$ 474,900
Est. payment | /mo
8 Beds
4 Baths
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12479149
Bedrooms 8
Year Built 1950
Annual Tax Amount $6,152
Tax Year 2024
Lot Dimensions 75x100
Property Sub-Type Two to Four Units
Property Description
***6 UNITS*** Nestled in a prime Kankakee, Illinois, location near Interstate 57, this offering includes two buildings with a total of six CONDO-style units, all updated and currently occupied by month-to-month renters. Each two-bedroom, one-bath unit has been refreshed with new flooring, fresh paint, modern light fixtures, updated countertops, and refinished cabinets. The exterior includes durable vinyl siding with vinyl windows, and both buildings share a convenient parking lot. In terms of utilities, tenants cover their own electric, gas, and water, while the landlord handles sewer and garbage expenses. The rental mix is diverse, with four long-term tenants paying between 800/1200, and two additional units renting at 1,100 and 1,180. Notably, the property consists of a four-unit building and a separate two-unit building, which must be sold together. Altogether, this well-maintained multi-unit package offers a fantastic investment opportunity with a strong rental history and a prime location.
Location
State IL
County Kankakee
Area Kankakee
Rooms
Basement Crawl Space
Interior
Heating Natural Gas
Fireplace N
Building
Dwelling Type Two to Four Units
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding
New Construction false
Schools
School District 111 , 111, 111
Others
Ownership Fee Simple
Special Listing Condition None
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Paul Kirkpatrick of Exclusive Realtors
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Brandy Graves
Broker-Associate | Lic# 475175567