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    Kankakee, IL Multifamily Properties for Sale

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    Kankakee Two-Unit Investment Opportunity
    $45,000

    Kankakee Two-Unit Investment Opportunity

    427 S Chicago Avenue, Kankakee, IL 60901

    2600 sq ft two-unit property near downtown Kankakee.

    • New roof to be installed before the end of March.
    • Large 2600 sq ft two‑unit property with rehab potential.
    • Each unit has 3 generously sized bedrooms.
    • Full basement offers opportunity to add shared laundry for additional income.
    • Excellent location close to downtown Kankakee amenities (restaurants, library, City Hall, etc.).
    Updated: Jan 24
    View details
    Kankakee Multifamily Property For Sale
    $200,000

    Kankakee Multifamily Property For Sale

    357 S ROSEWOOD Avenue, Kankakee, IL 60901

    Well-maintained two-unit property in Kankakee, Illinois.

    • Well‑maintained 2‑unit property, ideal for investors or owner‑occupants.
    • Potential for rental income.
    • Garage parking included.
    • Natural Gas, Forced Air heating.
    • Public Water and Sewer.
    Updated: Mar 30
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    Four-Unit Multifamily Investment Opportunity
    $350,000

    Four-Unit Multifamily Investment Opportunity

    Four-unit property built in the 1970s with strong rental income.

    1585 W Station Street, Kankakee, IL 60901
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    Mixed-Use Income Property For Sale
    $249,900
    5,200 SF

    Mixed-Use Income Property For Sale

    Mixed-use property with commercial and residential units, ample parking.

    793 N 5th Avenue, Kankakee, IL 60901
    View details
    Based on your search, we've compiled 71 Potential Opportunities for your consideration. Besides 4 Active listings in Kankakee, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 59 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Explore Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Updated Multi-Unit in Chicago Heights
    $370,000
    0.08 Acres

    Updated Multi-Unit in Chicago Heights

    Well-maintained four-unit property with updated interiors and modern amenities.

    489 Hickory Street, Chicago Heights, IL 60411
    View details
    Historic Queen Anne Victorian Triplex
    $275,000

    Historic Queen Anne Victorian Triplex

    Legal 3-flat in Chicago Heights' Historic District.

    51 W 21st Street, Chicago Heights, IL 60411
    View details
    Mixed-Use Retail & Apartment Building
    $1,350,000
    12,800 SF

    Mixed-Use Retail & Apartment Building

    Mixed-use property in Manteno's central commercial area.

    49-63 N Main St, Manteno, IL 60950
    View details
    Maple Crest Manor Home
    Contact for pricing

    Maple Crest Manor Home

    Two-bedroom home in a 55+ community.

    150 Maple Lane, Manteno, IL 60950
    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    University Park Developable Land
    Contact for pricing
    3.20 Acres

    University Park Developable Land

    3.2 acres with 24 concrete housing pads in University Park.

    976 Mesa Court, University Park, IL 60484
    View details
    Vacant Lot in Gated Community
    Contact for pricing
    0.12 Acres

    Vacant Lot in Gated Community

    Vacant lot in gated community with many amenities for seasonal living.

    2795 E 28th Lot 1205 Road, Seneca, IL 61360
    View details
    Grocery Store and Mobile Park
    $950,000
    7.00 Acres

    Grocery Store and Mobile Park

    Value-add opportunity: grocery store and mobile home park.

    5209 Massachusetts Avenue, Indianapolis, IN 46218
    View details
    Residential Land in Aurora, Indiana
    $34,900
    0.59 Acres

    Residential Land in Aurora, Indiana

    Over 1/2 acre residential land with city utilities.

    12124 Stewart Street lot: 4, Aurora, IN 47001
    View details

    Explore Off-Market Properties in Kankakee, IL

    Consider similar Off-Market properties in Kankakee, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1100 Jeffery St

    1100 Jeffery St

    APARTMENT HOUSE (5+ UNITS) • 4.53 Acres
    Value Estimation
    $5,210,000
    1100 Jeffery St, Kankakee, IL 60901-4680
    View details
    564 Indiana Ave

    564 Indiana Ave

    APARTMENT HOUSE (5+ UNITS)
    Value Estimation by Request
    564 Indiana Ave, Kankakee, IL 60901-2430
    View details
    675 Entrance Ave

    675 Entrance Ave

    APARTMENT HOUSE (5+ UNITS) • 0.24 Acres
    Value Estimation
    $585,000
    675 Entrance Ave, Kankakee, IL 60901-2365
    View details
    924 Willow St

    924 Willow St

    APARTMENT HOUSE (5+ UNITS) • 0.33 Acres
    Value Estimation
    $1,380,000
    924 Willow St, Kankakee, IL 60901-2572
    View details
    163 Rosewood Ave

    163 Rosewood Ave

    APARTMENT HOUSE (5+ UNITS) • 0.17 Acres
    Value Estimation
    $1,380,000
    163 Rosewood Ave, Kankakee, IL 60901-4170
    View details
    1525 Risser St

    1525 Risser St

    APARTMENT HOUSE (5+ UNITS) • 0.20 Acres
    Value Estimation by Request
    1525 Risser St, Kankakee, IL 60901-4471
    View details
    450 Dearborn Ave

    450 Dearborn Ave

    APARTMENT HOUSE (5+ UNITS) • 0.25 Acres
    Value Estimation by Request
    450 Dearborn Ave, Kankakee, IL 60901-5157
    View details
    390 Walnut St

    390 Walnut St

    APARTMENT HOUSE (5+ UNITS) • 0.17 Acres
    Value Estimation
    $700,000
    390 Walnut St, Kankakee, IL 60901-4975
    View details
    751 5th Ave

    751 5th Ave

    APARTMENT HOUSE (5+ UNITS) • 1.68 Acres
    Value Estimation
    $1,900,000
    751 5th Ave, Kankakee, IL 60901-2268
    View details
    1745 Duane Blvd

    1745 Duane Blvd

    APARTMENT HOUSE (5+ UNITS)
    Value Estimation
    $800,000
    1745 Duane Blvd, Kankakee, IL 60901-5754
    View details
    250 Entrance Ave

    250 Entrance Ave

    APARTMENT HOUSE (5+ UNITS) • 0.46 Acres
    Value Estimation
    $830,000
    250 Entrance Ave, Kankakee, IL 60901-3669
    View details
    2200 Ct St

    2200 Ct St

    APARTMENT HOUSE (5+ UNITS) • 2.17 Acres
    Value Estimation
    $5,000,000
    2200 Ct St, Kankakee, IL 60901-2829
    View details
    1002 Hickory St

    1002 Hickory St

    APARTMENT HOUSE (5+ UNITS) • 0.22 Acres
    Value Estimation by Request
    1002 Hickory St, Kankakee, IL 60901-3435
    View details
    755 Nelson Ave

    755 Nelson Ave

    APARTMENT HOUSE (5+ UNITS) • 0.50 Acres
    Value Estimation
    $1,760,000
    755 Nelson Ave, Kankakee, IL 60901-5686
    View details
    720 Nelson Ave

    720 Nelson Ave

    APARTMENT HOUSE (5+ UNITS)
    Value Estimation
    $1,750,000
    720 Nelson Ave, Kankakee, IL 60901-5656
    View details
    780 Nelson Ave

    780 Nelson Ave

    APARTMENT HOUSE (5+ UNITS)
    Value Estimation
    $1,750,000
    780 Nelson Ave, Kankakee, IL 60901-5663
    View details
    941 Riv Dr

    941 Riv Dr

    APARTMENT HOUSE (5+ UNITS)
    Value Estimation
    $2,600,000
    941 Riv Dr, Kankakee, IL 60901-2279
    View details
    512 Chicago Ave

    512 Chicago Ave

    APARTMENT HOUSE (5+ UNITS) • 0.17 Acres
    Value Estimation by Request
    512 Chicago Ave, Kankakee, IL 60901-5271
    View details
    575 Oak St

    575 Oak St

    APARTMENT HOUSE (5+ UNITS) • 0.33 Acres
    Value Estimation by Request
    575 Oak St, Kankakee, IL 60901-4060
    View details
    247 Chicago Ave

    247 Chicago Ave

    APARTMENT HOUSE (5+ UNITS) • 0.17 Acres
    Value Estimation by Request
    247 Chicago Ave, Kankakee, IL 60901-4065
    View details

    Kankakee, IL Multifamily Properties Investment Opportunities Market Analysis

    Explore 63 multifamily properties for sale in Kankakee, IL, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 737,659 square feet of properties for sale, with an estimated market value of $25,090,000.

    Sale prices for multifamily properties in Kankakee, IL start at $130,000, averaging $836,333, and reaching up to $5,430,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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