Updated Quadplex with
For Sale
Contact for pricing
Pending
543 S 3rd Avenue, Kankakee, IL 60901
Four renovated apartments include an unfinished basement and dedicated parking areas.
Property SizeContact for details
Days on Market81
Property Features for 543 S 3rd Avenue
General Information
Standard status
Pending
Total Parking Spaces
6
Property subtype
Multifamily
Zoning
MULTI
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Building Details
Year Built
1960
Buildings
1
Listing Agency:
Realty of America, LLC
Listed By:
Antony Toledo · License #475204731
Source:
Crexi
Added: Jul 30
Changed: Oct 15
Last Checked: Oct 16 at 6:37AM
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 Realty of America, LLC
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Investment Insights
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This MULTI-zoned quadplex, built in 1960, contains four comparable apartments. Each unit offers two bedrooms, one bathroom, and approximately 800 square feet, with updates and rehabilitation completed throughout. All equipment is electric, including the heaters and water heaters, and tenants are responsible for their electric service. An unfinished basement provides space for a potential laundry room.
Parking includes two spaces at the rear, four spaces at the front, and a 1.5-car garage that can provide additional income potential. The property is in downtown Kankakee, within walking distance of grocery stores, gas stations, parks, museums, and the library. The Kankakee Riverfront project is described as steps away.
Parking includes two spaces at the rear, four spaces at the front, and a 1.5-car garage that can provide additional income potential. The property is in downtown Kankakee, within walking distance of grocery stores, gas stations, parks, museums, and the library. The Kankakee Riverfront project is described as steps away.
Key Highlights
- Four similar 2 bed, 1 bath units at 800sqft/unit
- Units have been updated and rehabbed
- Unfinished basement with opportunity for a laundry room
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,276
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Four renovated apartments include an unfinished basement and dedicated parking areas.
Where is this quadplex located?
The property is located at 543 S 3rd Avenue Kankakee, IL.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Four similar 2 bed, 1 bath units at 800sqft/unit; Units have been updated and rehabbed; Unfinished basement with opportunity for a laundry room
