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Six-Bedroom Duplex
For Sale
$45,000

427 S Chicago Avenue, Kankakee, IL 60901

Two residential units offer three bedrooms apiece, plus a full basement and natural gas service.

Property Size2,600 SF
Price / SF$17.31
Days on Market49

Property Features for 427 S Chicago Avenue

General Information

Standard status Active
Size 2,600 SF
Property subtype Multi-Family

Units

Unit Mix 2 x 3BR
Multifamily Units 2

Amenities

Natural Gas

Building Details

Year Built 1906
Listing Agency: RE/MAX Prestige Homes
Listed By: Monica Pizano · License #471021493
Source: Kw
Added: Jul 17 Changed: Sep 2 Last Checked: Sep 3 at 5:15AM

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 RE/MAX Prestige Homes

Investment Insights

Based on property information with market context.

Built in 1906, this 2,600-square-foot duplex contains two residential units with three bedrooms in each unit. The property also includes a full basement and natural gas service. It is being offered in AS IS condition, with a roof replacement approved and scheduled before the end of March.

The property is located at 427 S Chicago Avenue in Kankakee, near downtown amenities including restaurants, gas stations, the public library, Kankakee Farmers Market, City Hall, the courthouse, and attorney offices. The basement provides space identified for a shared laundry area, subject to the buyer’s plans and execution.

Key Highlights

  • 2,600‑square‑foot duplex with two residential units
  • Each unit includes 3 bedrooms
  • Full basement included

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Bakery Real Estate Agency Computer & Electronic Repair (Bike/Boat/Book/etc) Store Accounting Firm Locksmith

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

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,154
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?
Duplex - Two residential units offer three bedrooms apiece, plus a full basement and natural gas service.
Where is this duplex located?
The property is located at 427 S Chicago Avenue Kankakee, IL.
What is the asking price?
The asking price for this property is $45,000.
What are key features of this property?
This property features: 2,600‑square‑foot duplex with two residential units; Each unit includes 3 bedrooms; Full basement included
More about this property
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