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Partially Rehabbed Apartment Complex
For Sale
Contact for pricing
Pending

2755 Cooper Dr, Kankakee, IL 60901

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

Property SizeContact for details
Days on Market148

Property Features for 2755 Cooper Dr

General Information

Standard status Pending
Property subtype Multifamily
Occupancy 50%

Additional Details

Multifamily Units 52

Building Details

Tenancy Multi
Listing Agency: McColly Bennett Real Estate Bourbonnais
Listed By: Jay Buck Tamblyn · License #IL 475131086
Source: Crexi
Added: Apr 11 Changed: Sep 2 Last Checked: Sep 3 at 2:36AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of McColly Bennett Real Estate Bourbonnais

Investment Insights

Based on property information with market context.

This 52-unit apartment complex is being offered for sale and is currently split between completed rehabilitation work and occupied units. Public remarks indicate that approximately 50% of the units are rehabbed and approximately 50% are leased, providing a mix of in-place tenancy and ongoing improvements.

The property is located at 2755 Cooper Dr in Kankakee, Illinois. Financial information is available upon request.

The offering is presented as residential income property and includes a total unit count of 52, with the rehab and leasing status serving as key current considerations for buyers evaluating the overall scope and timing of completion.

Key Highlights

  • 52‑unit apartment complex in Kankakee for sale
  • 50% of units are currently rehabbed
  • 50% of units are currently leased

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Law Firm Hair Salon (Bike/Boat/Book/etc) Store Nail Salon Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

52
Residential units
50%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

74
Businesses Nearby

Demographics for 60901, IL

33,628
Population
15,357
Households
2.2
Avg Household Size
39
Median Age
16%
College-Educated
86%
High-School Grad
97.3 sq mi
ZIP Area
346
Density / Sq Mi
$54,557
Median Household Income
$36,244
Median Earnings
$1,020
Median Rent
$143,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - 52-unit apartment complex with half of units rehabbed and half currently leased.
Where is this apartment building located?
The property is located at 2755 Cooper Dr Kankakee, IL.
What are key features of this property?
This property features: 52‑unit apartment complex in Kankakee for sale; 50% of units are currently rehabbed; 50% of units are currently leased
(815) 929-9381 Call to check price and availability
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