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12-Unit Apartment Building
For Sale
$939,120

163 North Rosewood Avenue, Kankakee, IL 60901

Renovated multifamily property with refreshed kitchens, bathrooms, flooring, windows, and roof.

Property SizeContact for details
Days on Market232

Property Features for 163 North Rosewood Avenue

General Information

Standard status Active
Property subtype Multi Family 5+ / Corridor-Interior Entrance
Net Operating Income $67,640

Units

Unit Mix 8 x 1BR/1BA, 4 x 2BR/1BA
Multifamily Units 12

Taxes and HOA fees

Annual Taxes $12,040

Building Details

Year Built 1975
Buildings 1
Stories 2
Listing Agency: Horvath & Tremblay IL, LLC
Listed By: Thomas Shanley · License #475207055
Source: Compass
Added: Jan 16 Changed: Aug 31 Last Checked: Aug 30 at 1:48AM

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 Horvath & Tremblay IL, LLC

Investment Insights

Based on property information with market context.

This 12-unit apartment building at 163 North Rosewood Avenue includes eight one-bedroom, one-bath residences and four two-bedroom, one-bath residences. The property was built in 1975 and has undergone renovation across the unit interiors and major building components.

Updates include kitchens and bathrooms, flooring, windows, and the roof. The unit mix combines predominantly one-bedroom residences with a smaller group of two-bedroom apartments within the same multifamily asset.

Key Highlights

  • 12‑unit apartment building at 163 North Rosewood Avenue, Kankakee, IL 60901
  • Unit mix includes eight one‑bedroom/one‑bath units and four two‑bedroom/one‑bath units
  • Renovations include updated kitchens and bathrooms

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Dental Office Accounting Firm Computer & Electronic Repair (Bike/Boat/Book/etc) Store Cafe & Coffee Shop

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

12
Residential units

Location Intelligence

Trade Area within ½ mile

965
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 - Renovated multifamily property with refreshed kitchens, bathrooms, flooring, windows, and roof.
Where is this apartment building located?
The property is located at 163 North Rosewood Avenue Kankakee, IL.
What is the asking price?
The asking price for this property is $939,120.
What are key features of this property?
This property features: 12‑unit apartment building at 163 North Rosewood Avenue, Kankakee, IL 60901; Unit mix includes eight one‑bedroom/one‑bath units and four two‑bedroom/one‑bath units; Renovations include updated kitchens and bathrooms
More about this property
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