491 Chicago Avenue, Kankakee, Illinois 60901
$165,000
|
For Sale
|
|
| Status: | Active |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 6 |
| Baths: | 0 |
| Year Built: | 1920 |
| Property Taxes: | $3,792 |
| Days On Market: | 12 |
| Lot Size: | 0,00 |
Description
Value-Add 3 Unit with Strong Cash Flow Potential - Kankakee Attention investors - this three-unit property at 491 S Chicago Ave, Kankakee, IL offers a prime opportunity to create equity and generate consistent rental income. One unit is currently habitable and rentable, providing immediate income potential, while two additional units need light remodeling - a perfect setup for a value-add investor looking to increase rents and overall property performance. With updates, this building has the potential to become a strong cash-flowing asset. The property features charming architectural details and curb appeal, adding to long-term tenant desirability. Opportunities like this allow investors to renovate strategically, raise rents, and significantly improve returns. Ideal for: Investors seeking a light rehab project. Buyers looking to house hack and build equity. Portfolio landlords wanting forced appreciation potential. Bring your vision and unlock the income potential this classic Kankakee multi-unit offers!
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 1920 | |
| — | |
| — | |
| No | |
| — |
| Kankakee | |
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| — / — | |
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| — | |
| 12562010 | |
| 16170511601900 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 13 May, 2022 | Sold | $40,000 | MRED MLS |
| 16 Sep, 2021 | Under contract | $80,000 | MRED MLS |
| 16 Jun, 2020 | Listed for sale | $80,000 | MRED MLS |
| 5 Feb, 2026 | Listed for sale | $165,000 | MRED MLS |
Room Specifics
Total Bedrooms: 6
Bedrooms Above Ground: 6
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
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Floor Type: —
Dimensions: —
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Full Bathrooms: 4
Bathroom Amenities: —
Bathroom in Basement: —
Rooms: —
Basement Description: —
Other Specifics
| 2 | |
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| — | |
| — | |
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| IRR | |
| — | |
| — | |
| — | |
| — | |
| Not in DB | |
| — | |
| — | |
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| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2022 | $2,980 |
| 2026 | $3,792 |
Contact Agent
Contact Agent
Listing Provided By
Compass
