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Kankakee, IL

Apartment Building

Kankakee, IL Apartment Buildings for Sale

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Bradley, IL Bourbonnais, IL St Anne, IL Manteno, IL Chebanse, IL Bonfield, IL Custer Park, IL Momence, IL

Multi-Unit Residential Income Property

Updated: Jun 20

Multi-Unit Residential Income Property

2405 E Court Street, Kankakee, IL 60901

$300,000

1.75 AC lot

Commercial income site on the frontage road off IL Rt 17, yards from the north/south entrances to IL Rt 57
Includes a large home with 3 units plus 2 single‑family houses, a 2‑car garage, and a trailer
South home along the Rt 17 frontage road includes 3 apartments (700/month per unit x 3) plus a 2‑car garage (150/month)
Trailer is currently rented for $900 per month; north house is gutted and could be rented for $1,200
If all 7 units are rented, potential income is about $66,600 per year (per listing remarks)

Apartment Income Building

Updated: Jul 13

Apartment Income Building

605 North Dearborn Avenue, Kankakee, IL 60901

$259,000

Multifamily apartment building for sale at 605 North Dearborn Avenue in Kankakee, Illinois
Year built: 1912

Partially Rehabbed Apartment Complex

Partially Rehabbed Apartment Complex

2755 Cooper Dr, Kankakee, IL 60901

Contact for pricing

52-unit apartment complex with half of units rehabbed and half currently leased.

Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 70 Potential Opportunities for your consideration. Besides 3 Active listings in Kankakee, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 59 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Mixed-Use Retail & Apartment Building

Mixed-Use Retail & Apartment Building

49-63 N Main St, Manteno, IL 60950

$1,250,000

12,800 sqft 0.29 AC lot

Mixed-use property in Manteno's central commercial area.

Seven-Unit Multifamily Building

Seven-Unit Multifamily Building

209-215 East Marsile Street, Bourbonnais, IL 60914

$550,000

11,700 sqft

Seven-unit multifamily property in Bourbonnais, IL, located across from Olivet and near local shopping and dining.

Fully Leased Multifamily Building

Fully Leased Multifamily Building

1331 Potomac Place, Bourbonnais, IL 60914

Contact for pricing

Apartment building with nine units, including eight one-bedroom and one two-bedroom, with tenants paying utilities.

Multifamily Investment Property in Manteno, IL

Multifamily Investment Property in Manteno, IL

382 N Birch Street, Manteno, IL 60950

$875,000

Well-maintained 8-unit multifamily property with updated features.

Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Prime Development Land, Springfield MO

Prime Development Land, Springfield MO

N West Bypass, Springfield, MO 65802

$2,850,000

29.20 AC lot

29.2 acres of retail-zoned land for mixed-use development.

Asheville Development Opportunity: 5.94 Acres

Asheville Development Opportunity: 5.94 Acres

215 N Bear Creek Road, Asheville, NC 28806

$2,500,000

5.94 AC lot

5.94-acre parcel zoned RM6, ideal for multi-family development.

Greenville Development Opportunity: 1.33 Acres

Greenville Development Opportunity: 1.33 Acres

71 Salters Road, Greenville, SC 29607

$699,900

1.33 AC lot

1.33 acre parcel suitable for multi-family development near downtown.

Land Near Shepherd University

Land Near Shepherd University

8285 MARTINSBURG Pike, Shepherdstown, WV 25443

$650,000

3.70 AC lot

Prime land near Shepherd University with development potential.

Off-Market Properties in Kankakee, IL

Consider similar Off-Market properties in Kankakee, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

APARTMENT HOUSE (5+ UNITS)

390 Walnut St, Kankakee, IL 60901-4975

$800,000

Estimated value

0.17 AC lot

1100 Jeffery St

APARTMENT HOUSE (5+ UNITS)

1100 Jeffery St, Kankakee, IL 60901-4680

$5,210,000

Estimated value

4.53 AC lot

564 Indiana Ave

APARTMENT HOUSE (5+ UNITS)

564 Indiana Ave, Kankakee, IL 60901-2430

Value Estimation by Request

675 Entrance Ave

APARTMENT HOUSE (5+ UNITS)

675 Entrance Ave, Kankakee, IL 60901-2365

$585,000

Estimated value

0.24 AC lot

APARTMENT HOUSE (5+ UNITS)

924 Willow St, Kankakee, IL 60901-2572

$1,380,000

Estimated value

0.33 AC lot

163 Rosewood Ave

APARTMENT HOUSE (5+ UNITS)

163 Rosewood Ave, Kankakee, IL 60901-4170

$1,380,000

Estimated value

0.17 AC lot

APARTMENT HOUSE (5+ UNITS)

1525 Risser St, Kankakee, IL 60901-4471

Value Estimation by Request

0.20 AC lot

450 Dearborn Ave

APARTMENT HOUSE (5+ UNITS)

450 Dearborn Ave, Kankakee, IL 60901-5157

Value Estimation by Request

0.25 AC lot

APARTMENT HOUSE (5+ UNITS)

751 5th Ave, Kankakee, IL 60901-2268

$1,900,000

Estimated value

1.68 AC lot

1745 Duane Blvd

APARTMENT HOUSE (5+ UNITS)

1745 Duane Blvd, Kankakee, IL 60901-5754

$800,000

Estimated value

250 Entrance Ave

APARTMENT HOUSE (5+ UNITS)

250 Entrance Ave, Kankakee, IL 60901-3669

$830,000

Estimated value

0.46 AC lot

APARTMENT HOUSE (5+ UNITS)

2200 Ct St, Kankakee, IL 60901-2829

$5,000,000

Estimated value

2.17 AC lot

1002 Hickory St

APARTMENT HOUSE (5+ UNITS)

1002 Hickory St, Kankakee, IL 60901-3435

Value Estimation by Request

0.22 AC lot

APARTMENT HOUSE (5+ UNITS)

755 Nelson Ave, Kankakee, IL 60901-5686

$1,760,000

Estimated value

0.50 AC lot

APARTMENT HOUSE (5+ UNITS)

720 Nelson Ave, Kankakee, IL 60901-5656

$1,750,000

Estimated value

APARTMENT HOUSE (5+ UNITS)

780 Nelson Ave, Kankakee, IL 60901-5663

$1,750,000

Estimated value

APARTMENT HOUSE (5+ UNITS)

941 Riv Dr, Kankakee, IL 60901-2279

$2,600,000

Estimated value

512 Chicago Ave

APARTMENT HOUSE (5+ UNITS)

512 Chicago Ave, Kankakee, IL 60901-5271

Value Estimation by Request

0.17 AC lot

APARTMENT HOUSE (5+ UNITS)

575 Oak St, Kankakee, IL 60901-4060

Value Estimation by Request

0.33 AC lot

247 Chicago Ave

APARTMENT HOUSE (5+ UNITS)

247 Chicago Ave, Kankakee, IL 60901-4065

Value Estimation by Request

0.17 AC lot

210 Tedmark Ct, Unit 280

APARTMENT HOUSE (5+ UNITS)

210 Tedmark Ct, Kankakee, IL 60901-6123

Unit 280

Value Estimation by Request

Kankakee, IL Apartment Buildings Market Trends and Statistics

Explore 62 apartment buildings for sale in Kankakee, IL, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $559,000.

Sale prices for two-family homes in Kankakee, IL start at $0.00, averaging $186,333, and reaching up to $300,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 33K

Population Growth (5Y) -6.4%

Median Household Income $54,557

College Educated 22.6%

High-Yield Neighborhoods for Investment

Identify Kankakee submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
60901	$249.9K

Taxes & Financing

Tax Rate (average for all types) 11.80%

Tax Rate vs County Average 2.50 pp above county avg

Average Loan-to-Value 65.0%

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