32-Unit Multifamily
For Sale
$2,240,000
Pending
751-757 North 5th Avenue, Kankakee, IL 60901
32 residential units feature 2 bed/1 bath layouts in a fully electric building with upgraded electric panels.
Property SizeContact for details
Days on Market210
Property Features for 751-757 North 5th Avenue
General Information
Standard status
Pending
Property subtype
Multi Family 5+ / Corridor-Exterior Entrance
Net Operating Income
$181,563
Additional Details
Multifamily Units
32
Taxes and HOA fees
Annual Taxes
$37,794
Building Details
Year Built
1976
Stories
2
Listing Agency:
Horvath & Tremblay IL, LLC
(708) 704-1368
Listed By:
Anthony Spangler · License #475173833
(708) 704-1368
Source:
Compass
Added: Jan 22
Changed: Aug 8
Last Checked: Jul 24 at 12:35PM
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 Horvath & Tremblay IL, LLC
Investment Insights
Based on property information with market context.
This for-sale multifamily property offers 32 units, each configured as 2-bedroom, 1-bath residences. The building is fully electric, and the tenant is responsible for heat and in-unit electric. The landlord is responsible for water, sewer, garbage, and common electric.
The electric panels throughout the property have been recently upgraded, which may support ongoing electrical reliability for the building’s current operating setup.
All units share the same core electrical framework, with tenant-paid heating and in-unit electric, and landlord-paid utilities limited to water, sewer, garbage, and common electric.
The electric panels throughout the property have been recently upgraded, which may support ongoing electrical reliability for the building’s current operating setup.
All units share the same core electrical framework, with tenant-paid heating and in-unit electric, and landlord-paid utilities limited to water, sewer, garbage, and common electric.
Key Highlights
- 32 residential units in a fully electric building (Year built 1976)
- All units feature 2 bed / 1 bath layouts
- Tenants pay heat and in‑unit electric
Property Analytics
Current Use
Lease Details
32
Residential units
Location Intelligence
Trade Area within ½ mile
1,108
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
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Frequently Asked Questions
What type of property is this?
Apartment building - 32 residential units feature 2 bed/1 bath layouts in a fully electric building with upgraded electric panels.
Where is this apartment building located?
The property is located at 751-757 North 5th Avenue Kankakee, IL.
What is the asking price?
The asking price for this property is $2,240,000.
What are key features of this property?
This property features: 32 residential units in a fully electric building (Year built 1976); All units feature 2 bed / 1 bath layouts; Tenants pay heat and in‑unit electric
