Kankakee, IL Multifamily Properties for Sale

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Bradley, IL Bourbonnais, IL Aroma Park, IL

Updated: May 4

Remodeled Duplex in Kankakee

1095-1097 E Merchant Street, Kankakee, IL 60901

$195,000

Remodeled 2‑unit multi‑family building with a 3‑bedroom, 1‑bath unit and a 2‑bedroom, 1‑bath unit
Each unit includes its own laundry facilities
Separate front and back porches for each apartment
Detached 2‑car garage with sidewalk access
Heating: natural gas; roof: asphalt; exterior: vinyl siding

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Updated: Mar 30

Kankakee Two-Unit Multifamily Property

357 S ROSEWOOD Avenue, Kankakee, IL 60901

$190,000

Well‑maintained 2‑unit property in Kankakee
Built in 1900 with vinyl siding exterior
Natural gas forced‑air heating
Public water and public sewer service
Garage parking available

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Four-Unit Multifamily Investment Opportunity

1585 W Station Street, Kankakee, IL 60901

$350,000

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

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Mixed-Use Income Property For Sale

793 N 5th Avenue, Kankakee, IL 60901

$249,900

5,200 sqft

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

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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.

Opportunities in Nearby Cities

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

Peotone Multifamily Property For Sale

536 Schroeder Avenue, Peotone, IL 60468

$775,000

0.30 AC lot

Multifamily property available in Peotone, Illinois.

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Mixed-Use Retail & Apartment Building

49-63 N Main St, Manteno, IL 60950

$1,350,000

12,800 sqft

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

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Multifamily Investment Property in Manteno, IL

382 N Birch Street, Manteno, IL 60950

$875,000

Well-maintained 8-unit multifamily property with updated features.

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Peotone Commercial Land Opportunity

28429 South Route 50, Peotone, IL 60468

$449,900

146,793 sqft · 3.50 AC lot

3.5 acres with existing structures, ideal for commercial development.

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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

976 Mesa Court, University Park, IL 60484

Contact for pricing

3.20 AC lot

3.2 acres with 24 concrete housing pads in University Park.

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Wooded Homesite in Wheatfield, Indiana

4418 Oakland Court, Wheatfield, IN 46392

Contact for pricing

0.57 AC lot

Spacious, wooded 0.57-acre lot in established neighborhood.

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Land For Sale, Lakemoor, IL

27 Oyster Bay, Lakemoor, IL 60051

Contact for pricing

0.12 AC lot

Commercial land available in Lakemoor, Illinois.

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Commercial Land Development Parcel

17039 Hillside Lane, Jerseyville, IL 62052

$70,000

2.10 AC lot

Roughly two acres off Route 67 with utilities in place and an existing concrete pad for flexible development uses.

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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.

APARTMENT HOUSE (5+ UNITS)

390 Walnut St, Kankakee, IL 60901-4975

$800,000

Estimated value

0.17 AC lot

View details

APARTMENT HOUSE (5+ UNITS)

1100 Jeffery St, Kankakee, IL 60901-4680

$5,210,000

Estimated value

4.53 AC lot

View details

APARTMENT HOUSE (5+ UNITS)

564 Indiana Ave, Kankakee, IL 60901-2430

Value Estimation by Request

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APARTMENT HOUSE (5+ UNITS)

675 Entrance Ave, Kankakee, IL 60901-2365

$585,000

Estimated value

0.24 AC lot

View details

APARTMENT HOUSE (5+ UNITS)

924 Willow St, Kankakee, IL 60901-2572

$1,380,000

Estimated value

0.33 AC lot

View details

APARTMENT HOUSE (5+ UNITS)

163 Rosewood Ave, Kankakee, IL 60901-4170

$1,380,000

Estimated value

0.17 AC lot

View details

APARTMENT HOUSE (5+ UNITS)

1525 Risser St, Kankakee, IL 60901-4471

Value Estimation by Request

0.20 AC lot

View details

APARTMENT HOUSE (5+ UNITS)

450 Dearborn Ave, Kankakee, IL 60901-5157

Value Estimation by Request

0.25 AC lot

View details

APARTMENT HOUSE (5+ UNITS)

751 5th Ave, Kankakee, IL 60901-2268

$1,900,000

Estimated value

1.68 AC lot

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APARTMENT HOUSE (5+ UNITS)

1745 Duane Blvd, Kankakee, IL 60901-5754

$800,000

Estimated value

View details

APARTMENT HOUSE (5+ UNITS)

250 Entrance Ave, Kankakee, IL 60901-3669

$830,000

Estimated value

0.46 AC lot

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APARTMENT HOUSE (5+ UNITS)

2200 Ct St, Kankakee, IL 60901-2829

$5,000,000

Estimated value

2.17 AC lot

View details

APARTMENT HOUSE (5+ UNITS)

1002 Hickory St, Kankakee, IL 60901-3435

Value Estimation by Request

0.22 AC lot

View details

APARTMENT HOUSE (5+ UNITS)

755 Nelson Ave, Kankakee, IL 60901-5686

$1,760,000

Estimated value

0.50 AC lot

View details

APARTMENT HOUSE (5+ UNITS)

720 Nelson Ave, Kankakee, IL 60901-5656

$1,750,000

Estimated value

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APARTMENT HOUSE (5+ UNITS)

780 Nelson Ave, Kankakee, IL 60901-5663

$1,750,000

Estimated value

View details

APARTMENT HOUSE (5+ UNITS)

941 Riv Dr, Kankakee, IL 60901-2279

$2,600,000

Estimated value

View details

APARTMENT HOUSE (5+ UNITS)

512 Chicago Ave, Kankakee, IL 60901-5271

Value Estimation by Request

0.17 AC lot

View details

APARTMENT HOUSE (5+ UNITS)

575 Oak St, Kankakee, IL 60901-4060

Value Estimation by Request

0.33 AC lot

View details

APARTMENT HOUSE (5+ UNITS)

247 Chicago Ave, Kankakee, IL 60901-4065

Value Estimation by Request

0.17 AC lot

View details

Kankakee, IL Multifamily Properties Market Trends and Statistics

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 5,200 square feet of properties for sale, with an estimated market value of $249,900.

Sale prices for multifamily properties in Kankakee, IL start at $249,900, averaging $249,900, and reaching up to $249,900 — 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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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 33K

Population Growth (5Y) -6.4%

Median Household Income $54,557

College Educated 22.6%

High-Yield Neighborhoods for Investment

Identify Kankakee submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
60901	$246.2K

Taxes & Financing

Tax Rate (average for all types) 11.80%

Tax Rate vs County Average 2.50 pp above county avg

Average Loan-to-Value 65.0%

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Reach out if you need assistance with Realmo tools or have questions about your listings

Kankakee, IL Multifamily Properties for Sale

1095-1097 E Merchant Street, Kankakee, IL 60901

357 S ROSEWOOD Avenue, Kankakee, IL 60901

1585 W Station Street, Kankakee, IL 60901

793 N 5th Avenue, Kankakee, IL 60901

Opportunities in Nearby Cities

536 Schroeder Avenue, Peotone, IL 60468

49-63 N Main St, Manteno, IL 60950

382 N Birch Street, Manteno, IL 60950

28429 South Route 50, Peotone, IL 60468

Potential Development Sites for Consideration

976 Mesa Court, University Park, IL 60484

4418 Oakland Court, Wheatfield, IN 46392

27 Oyster Bay, Lakemoor, IL 60051

17039 Hillside Lane, Jerseyville, IL 62052

Off-Market Properties in Kankakee, IL

390 Walnut St, Kankakee, IL 60901-4975

1100 Jeffery St, Kankakee, IL 60901-4680

564 Indiana Ave, Kankakee, IL 60901-2430

675 Entrance Ave, Kankakee, IL 60901-2365

924 Willow St, Kankakee, IL 60901-2572

163 Rosewood Ave, Kankakee, IL 60901-4170

1525 Risser St, Kankakee, IL 60901-4471

450 Dearborn Ave, Kankakee, IL 60901-5157

751 5th Ave, Kankakee, IL 60901-2268

1745 Duane Blvd, Kankakee, IL 60901-5754

250 Entrance Ave, Kankakee, IL 60901-3669

2200 Ct St, Kankakee, IL 60901-2829

1002 Hickory St, Kankakee, IL 60901-3435

755 Nelson Ave, Kankakee, IL 60901-5686

720 Nelson Ave, Kankakee, IL 60901-5656

780 Nelson Ave, Kankakee, IL 60901-5663

941 Riv Dr, Kankakee, IL 60901-2279

512 Chicago Ave, Kankakee, IL 60901-5271

575 Oak St, Kankakee, IL 60901-4060

247 Chicago Ave, Kankakee, IL 60901-4065

Kankakee, IL Multifamily Properties Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

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