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4-Unit Apartment Building
For Sale
$499,999

241 S Small Ave, Kankakee, IL 60901

Updated interiors, building systems, and appliances support the property’s residential rental or owner-occupant use.

Property SizeContact for details
Days on Market13

Property Features for 241 S Small Ave

General Information

Standard status Active
Property subtype Residential Income

Additional Details

Multifamily Units 4

Taxes and HOA fees

Annual Taxes $7,798

Building Details

Year Renovated 2025
Buildings 1
Listing Agency: The Joudeh Group
Listed By: Maha Joudeh, SFR · License #475160468
Source: Exprealty
Added: Oct 14 Changed: Oct 26 Last Checked: Oct 24 at 11:31PM

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 The Joudeh Group

Rey
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Investment Insights

Based on property information with market context.

This four-unit apartment property underwent a comprehensive renovation in 2025, including replacement of its plumbing, mechanical systems, and electrical components. Each residence has renovated interiors with wood flooring and updated finishes, and all appliances were replaced in 2025. The roof was completed in 2026.

The property is described as close to shops and a school. Its four-unit configuration and recent work across the building systems and individual residences are central features for rental use or owner occupancy.

Key Highlights

  • Four‑unit apartment building
  • Plumbing, mechanical systems, electrical, interiors, and appliances updated in 2025
  • Roof completed in 2026

Property Analytics

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Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

797
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
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Quadplex - Updated interiors, building systems, and appliances support the property’s residential rental or owner-occupant use.
Where is this quadplex located?
The property is located at 241 S Small Ave Kankakee, IL.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: Four‑unit apartment building; Plumbing, mechanical systems, electrical, interiors, and appliances updated in 2025; Roof completed in 2026
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