427 Chicago Avenue, Kankakee, Illinois 60901
$45,000
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For Sale
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| Status: | Active |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 6 |
| Baths: | 0 |
| Year Built: | 1906 |
| Property Taxes: | $0 |
| Days On Market: | 24 |
| Lot Size: | 0,00 |
Description
Investor Special - Opportunity in the Heart of Kankakee! Massive 2600 sq ft two-unit property offering a rare opportunity for real estate investors looking to rehab, reposition, and maximize rental income. Each unit features 3 generously sized bedrooms with spacious room layouts, providing strong potential for future long-term tenants once renovated. The full basement offers an excellent opportunity to add a shared laundry area, creating an additional income stream and increasing overall property value. Located close to downtown Kankakee, this property is within close proximity to restaurants, gas stations, the public library, Kankakee Farmers Market, City Hall, the courthouse, attorney offices, and numerous other downtown amenities-making it a highly desirable location for future renters. This property is ideal for those looking to renovate, rent, and build long-term wealth in a centrally located area. A new roof has been approved and will be replaced before the end of March. Bring your contractor and your vision-opportunities like this don't come around often. This property is being sold in AS IS condition.
Property Specifics
| Multi-unit | |
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| 1906 | |
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| No | |
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| Kankakee | |
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| — / — | |
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| 12548086 | |
| 16170511601300 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 24 Jan, 2026 | Listed for sale | $45,000 | MRED MLS |
Room Specifics
Total Bedrooms: 6
Bedrooms Above Ground: 6
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: —
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Full Bathrooms: 2
Bathroom Amenities: —
Bathroom in Basement: —
Rooms: —
Basement Description: —
Other Specifics
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| 50x145 | |
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| Not in DB | |
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Tax History
| Year | Property Taxes |
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Listing Provided By
RE/MAX Prestige Homes
