Property profile

1945 Schuyler Ave Kankakee, IL 60901

OFF-MARKET
Commercial land
Property ID
US28-3968332
1.55 ac lot
Trust Owned 2-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional mixed-use property, located at 1945 S Schuyler Avenue in Kankakee, Illinois, presents a lucrative investment opportunity. The property encompasses approximately three acres of land and currently features twenty mobile homes. All units are vacant, providing a unique chance for a buyer to renovate and reposition the property to maximize its income potential. The current asking price of $849,000 reflects an "as-is" sale, acknowledging the need for renovations and tenant acquisition. The seller anticipates a significant increase in value upon completion of renovations and occupancy. This presents a compelling opportunity for an investor seeking a hands-on project with substantial upside. The property's size and location in Kankakee offer significant potential for future growth and returns. The vacant status of the mobile homes allows for complete control over renovations and tenant selection, enabling the creation of a high-performing income-generating asset. This is a rare chance to acquire a substantial property in a desirable location at a competitive price point. The potential for increased value after renovations makes this an attractive investment for those seeking a project with significant return potential. The property is being sold "as-is" in its current condition, allowing for flexibility in renovation plans and tenant acquisition strategies. This presents a unique opportunity to create a thriving mobile home park in a strategic location.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 1.55 ac (67,369 SF)
APN 16-17-07-401-009
UPID US28-3968332

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1945 Schuyler Ave Kankakee, IL 60901-8331
Kankakee metro Census 12500 KANKAKEE-BRADLEY, IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2024
1 recorded transaction
2024
$100,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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