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    Kankakee, IL
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    Kankakee, IL Apartment Buildings for Sale

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    Bradley, IL Bourbonnais, IL Aroma Park, IL
    Mixed-Use Income Property For Sale
    $249,900
    5,200 SF

    Mixed-Use Income Property For Sale

    793 N 5th Avenue, Kankakee, IL 60901

    Mixed-use property with commercial and residential units, ample parking.

    • 12% Cap Rate: Enjoy a high return on investment, showcasing strong profitability.
    • Mixed‑Use Property: Benefit from diversified income streams with commercial and residential units.
    • Fully Occupied: Immediate income generation, eliminating vacancy concerns.
    • High Traffic Location: Excellent visibility for commercial tenants with approximately 10,000 vehicles per day.
    • Ample Parking: Sufficient parking space available for both tenants and customers.
    Updated: Jun 11, 2024
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    Based on your search, we've compiled 68 Potential Opportunities for your consideration. Besides 1 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.

    Peotone Multifamily Property For Sale
    $775,000
    0.30 Acres

    Peotone Multifamily Property For Sale

    Multifamily property available in Peotone, Illinois.

    536 Schroeder Avenue, Peotone, IL 60468
    View details
    Multifamily Investment Property in Manteno, IL
    $875,000

    Multifamily Investment Property in Manteno, IL

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

    382 N Birch Street, Manteno, IL 60950
    View details
    Mixed-Use Retail & Apartment Building
    $1,350,000
    12,800 SF

    Mixed-Use Retail & Apartment Building

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

    49-63 N Main St, Manteno, IL 60950
    View details
    Peotone Commercial Land Opportunity
    $449,900
    146,793 SF

    Peotone Commercial Land Opportunity

    3.5 acres with existing structures, ideal for commercial development.

    28429 South Route 50, Peotone, IL 60468
    View details

    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
    $2,850,000
    29.20 Acres

    Prime Development Land, Springfield MO

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

    N West Bypass, Springfield, MO 65802
    View details
    Asheville Development Opportunity: 5.94 Acres
    $2,500,000
    5.94 Acres

    Asheville Development Opportunity: 5.94 Acres

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

    215 N Bear Creek Road, Asheville, NC 28806
    View details
    Greenville Development Opportunity: 1.33 Acres
    $699,900
    1.33 Acres

    Greenville Development Opportunity: 1.33 Acres

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

    71 Salters Road, Greenville, SC 29607
    View details
    Land Near Shepherd University
    $650,000
    3.70 Acres

    Land Near Shepherd University

    Prime land near Shepherd University with development potential.

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443
    View details

    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.

    390 Walnut St
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.17 Acres
    Estimated value
    $800,000

    390 Walnut St, Kankakee, IL 60901-4975

    View details
    1100 Jeffery St
    APARTMENT HOUSE (5+ UNITS)
    Lot: 4.53 Acres
    Estimated value
    $5,210,000

    1100 Jeffery St, Kankakee, IL 60901-4680

    View details
    564 Indiana Ave
    APARTMENT HOUSE (5+ UNITS)
    Value Estimation by Request

    564 Indiana Ave, Kankakee, IL 60901-2430

    View details
    675 Entrance Ave
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.24 Acres
    Estimated value
    $585,000

    675 Entrance Ave, Kankakee, IL 60901-2365

    View details
    924 Willow St
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.33 Acres
    Estimated value
    $1,380,000

    924 Willow St, Kankakee, IL 60901-2572

    View details
    163 Rosewood Ave
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.17 Acres
    Estimated value
    $1,380,000

    163 Rosewood Ave, Kankakee, IL 60901-4170

    View details
    1525 Risser St
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.20 Acres
    Value Estimation by Request

    1525 Risser St, Kankakee, IL 60901-4471

    View details
    450 Dearborn Ave
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.25 Acres
    Value Estimation by Request

    450 Dearborn Ave, Kankakee, IL 60901-5157

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    751 5th Ave
    APARTMENT HOUSE (5+ UNITS)
    Lot: 1.68 Acres
    Estimated value
    $1,900,000

    751 5th Ave, Kankakee, IL 60901-2268

    View details
    1745 Duane Blvd
    APARTMENT HOUSE (5+ UNITS)
    Estimated value
    $800,000

    1745 Duane Blvd, Kankakee, IL 60901-5754

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    250 Entrance Ave
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.46 Acres
    Estimated value
    $830,000

    250 Entrance Ave, Kankakee, IL 60901-3669

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    2200 Ct St
    APARTMENT HOUSE (5+ UNITS)
    Lot: 2.17 Acres
    Estimated value
    $5,000,000

    2200 Ct St, Kankakee, IL 60901-2829

    View details
    1002 Hickory St
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.22 Acres
    Value Estimation by Request

    1002 Hickory St, Kankakee, IL 60901-3435

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    755 Nelson Ave
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.50 Acres
    Estimated value
    $1,760,000

    755 Nelson Ave, Kankakee, IL 60901-5686

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    720 Nelson Ave
    APARTMENT HOUSE (5+ UNITS)
    Estimated value
    $1,750,000

    720 Nelson Ave, Kankakee, IL 60901-5656

    View details
    780 Nelson Ave
    APARTMENT HOUSE (5+ UNITS)
    Estimated value
    $1,750,000

    780 Nelson Ave, Kankakee, IL 60901-5663

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    941 Riv Dr
    APARTMENT HOUSE (5+ UNITS)
    Estimated value
    $2,600,000

    941 Riv Dr, Kankakee, IL 60901-2279

    View details
    512 Chicago Ave
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.17 Acres
    Value Estimation by Request

    512 Chicago Ave, Kankakee, IL 60901-5271

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    575 Oak St
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.33 Acres
    Value Estimation by Request

    575 Oak St, Kankakee, IL 60901-4060

    View details
    247 Chicago Ave
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.17 Acres
    Value Estimation by Request

    247 Chicago Ave, Kankakee, IL 60901-4065

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    210 Tedmark Ct, Unit 280
    APARTMENT HOUSE (5+ UNITS)
    Value Estimation by Request
    Unit 280

    210 Tedmark Ct, Kankakee, IL 60901-6123

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    319 5th Ave
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.17 Acres
    Value Estimation by Request

    319 5th Ave, Kankakee, IL 60901-3670

    View details
    1260 Merchant St
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.15 Acres
    Value Estimation by Request

    1260 Merchant St, Kankakee, IL 60901-4273

    View details

    Kankakee, IL Apartment Buildings Investment Opportunities Market Analysis

    Explore 60 apartment buildings for sale in Kankakee, IL on our real estate platform. These investment opportunities span a total of 5,200 square feet of properties for sale, with an estimated market value of $249,900.

    Sale prices for two-family homes in Kankakee, IL start at $249,900, averaging $249,900, and reaching up to $249,900 — 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 Strategic Investment

    Identify Kankakee submarkets with the highest inventory density on the market and evaluate the median 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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