Updated Two-Unit
New
For Sale
$165,000
341 S 5th Avenue, Kankakee, IL 60901
Residential Income, Kankakee, IL
Property SizeContact for details
Lot Size0.17 Acres
Days on Market1
Property Features for 341 S 5th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 1
Parking
4
Parking features
Owned
Patio and Porch features
Deck
Exterior features
Balcony
Basement
Unfinished, Full
Elementary school district
111
Middle school district
111
High school district
111
Directions
Court Street East to Washington St, South on Washington to Station St, Turn Right on Station then Left on 5th, House on West side of street
Subdivision
Kankakee
Standard status
Active
APN
161706214017
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3226
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Building Details
Year built
1910
Building materials
Vinyl Siding
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Carnelian Realty Group
(708) 698-1009
Listed By:
Fawad Shahid
(708) 698-1009
Added: Aug 24
Last Checked: Aug 24 at 7:06PM
MLS# 12740729
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.
Investment Insights
Based on property information with market context.
This two-unit duplex includes a recently refreshed first-floor residence and an upper-level unit with more than 15 years of occupancy by the same tenant. Both residences are currently leased. Recent work includes replacement or updating of furnaces, electrical panels, and water heaters. The property also offers a basement, balcony, deck, owned parking, vinyl siding, an asphalt roof, natural-gas heat, and public sewer service.
Built in 1910, the building occupies approximately 0.17 acres at 341 S 5th Avenue in Kankakee, Illinois. The established occupancy history, completed system updates, and two-unit configuration provide a straightforward residential rental asset.
Built in 1910, the building occupies approximately 0.17 acres at 341 S 5th Avenue in Kankakee, Illinois. The established occupancy history, completed system updates, and two-unit configuration provide a straightforward residential rental asset.
Key Highlights
- Two‑unit duplex with both residences currently leased
- First‑floor unit recently updated and occupied by a new tenant
- Second‑floor unit has more than 15 years of tenant occupancy
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,511
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Both units are leased, with recent updates to the first-floor unit and major mechanical systems.
Where is this duplex located?
The property is located at 341 S 5th Avenue Kankakee, IL.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Two‑unit duplex with both residences currently leased; First‑floor unit recently updated and occupied by a new tenant; Second‑floor unit has more than 15 years of tenant occupancy
