1945 Schuyler Ave Kankakee, IL 60901-8331

Property Details for 1945 Schuyler Ave

Lot size

1.55 lot acres

Property type

Commercial land

APN

16-17-07-401-009

APU

161707401009

Description

This exceptional mixed-use property, located at 1945 S Schuyler Avenue in Kankakee, Illinois, presents a lucrative investment opportunity. The property encompasses approximately three acres of land and currently features twenty mobile homes. All units are vacant, providing a unique chance for a buyer to renovate and reposition the property to maximize its income potential. The current asking price of $849,000 reflects an "as-is" sale, acknowledging the need for renovations and tenant acquisition. The seller anticipates a significant increase in value upon completion of renovations and occupancy. This presents a compelling opportunity for an investor seeking a hands-on project with substantial upside. The property's size and location in Kankakee offer significant potential for future growth and returns. The vacant status of the mobile homes allows for complete control over renovations and tenant selection, enabling the creation of a high-performing income-generating asset. This is a rare chance to acquire a substantial property in a desirable location at a competitive price point. The potential for increased value after renovations makes this an attractive investment for those seeking a project with significant return potential. The property is being sold "as-is" in its current condition, allowing for flexibility in renovation plans and tenant acquisition strategies. This presents a unique opportunity to create a thriving mobile home park in a strategic location.

Location Insight

City

Kankakee

County

Kankakee

State

Illinois

Longitude

-87.8707

Latitude

41.0974

CBSA code

28100

CBSA name

KANKAKEE-BRADLEY, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments