242 W Jeffery Street, Kankakee, IL 60901

Building Details

Year built

1950

Floors in Building

2

Number of units

7

Listing agent Diego Pizano Show Phone

Listing office eXp Realty i***@expreatly.net 939 W. North Ave., Chicago, IL Show Phone

Listing date Jan 3, 2026

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MLS# 12540003

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Overview

This for-sale mixed-use property combines commercial and residential components in a single asset. The listing is presented as an income-generating opportunity, and it is identified as a unique mixed-use property suitable for buyers looking for diversified on-site income sources.

The property is located at 242 W Jeffery Street in Kankakee, Illinois 60901, within Kankakee County. The site size is listed at 0.298 acres. Additional building details, unit count, and commercial configuration are not provided in the available information, so prospective buyers should request further materials from the listing agent.

Given the mix of commercial and residential use, this property may fit buyers seeking a mixed-use structure with both income streams under one ownership. Its small lot footprint suggests a compact site, and the asset’s mixed-use nature can be attractive for tenants and operators looking for a property that supports both uses. Interested parties should verify current layouts, occupancy, and lease terms through the seller and confirm all due diligence items before proceeding.

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Kankakee

County

Kankakee

State

Illinois

Longitude

-87.8707872

Latitude

41.1054835

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FAQs

What type of property is this?

Mixed-use property - For sale mixed-use asset combining commercial space and residential income potential on a 0.298-acre lot.

Where is this mixed-use property located?

The property is located at 242 W Jeffery Street Kankakee, IL.

What is the asking price?

The asking price for this property is $560,000.

What are key features of this property?

This property features: Income‑generating asset; Mixed‑use property (commercial & residential); Prime location