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    Property profile & analytics
    OFF-MARKET
    Commercial land

    1945 Schuyler Ave, Kankakee, IL 60901-8331

    1.55 ac lot
    Trust Owned 2-yr Hold Absentee Owner Free & Clear
    Property ID
    US28-3968332
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Equity Trust Capital LLC · 2 yrs held
    Equity Trust Capital LLC
    since 2024
    1 recorded transaction
    2024
    $100,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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