Kankakee, IL Residential income properties for sale

Kankakee Multifamily Investment Opportunity

$45,000

2,600 SF

Kankakee Multifamily Investment Opportunity

427 S Chicago Ave, Kankakee, IL 60901

Two-unit property near downtown Kankakee, ideal for renovation and rental.

High Rental Income Potential: Massive 2600 sq ft two‑unit property with 3 bedrooms in each unit.
Prime Location: Close proximity to downtown Kankakee amenities.
Value‑Add Opportunity: Full basement offers potential for shared laundry area and increased income.
Investor Special: Opportunity to rehab, reposition, and maximize rental income.
Spacious Layouts: Generously sized bedrooms and spacious room layouts in each unit.

Updated: Feb 7

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$99,999

Kankakee Multi-Family Investment Opportunity

312 S Evergreen Ave, Kankakee, IL 60901

Two-unit multi-family home with Craftsman details and income potential.

Investment opportunity with one unit vacant and one occupied for immediate income.
Multi‑family home with two units, each featuring 3 bedrooms and 1 bathroom.
Original Craftsman woodwork and hardwood flooring throughout the units.
Built‑in storage units in each unit.
Full, unfinished basement offering potential for customization.

Updated: Jan 21

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Mixed-Use Investment Opportunity, Kankakee

$560,000

0.30 Acres

Mixed-Use Investment Opportunity, Kankakee

Mixed-use property in prime location, great investment opportunity.

242 W Jeffery St, Kankakee, IL 60901

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Spacious Mobile Home in Kankakee

Affordable 4-bedroom, 2-bathroom mobile home in well-kept community.

1995 Schuyler Ave, Kankakee, IL 60901

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Explore Opportunities in Nearby Cities

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

$549,900

6,114 SF

Mixed-Use Property with Leased Units

Commercial and residential units with existing leases in place.

465 Mulberry St, Manteno, IL 60950

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Contact for pricing

Maple Crest Manor Home

Two-bedroom home in a 55+ community.

150 Maple Ln, Manteno, IL 60950

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$655,000

0.66 Acres

Auto Body Repair Facility

Auto body repair facility with rental property on high-visibility lot.

525 S Dixie Hwy, Beecher, IL 60401

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$399,000

3.72 Acres

Beecher IL Development Land

3.72 Acres, B-3 Zoning, High Visibility

0 Hunters Dr, Beecher, IL 60401

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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.

440 Dearborn Ave

Multifamily properties • 19,000 SF

Value Estimation by Request

440 Dearborn Ave, Kankakee, IL 60901

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210 Tedmark Ct, Unit 280

APARTMENT HOUSE (5+ UNITS)

Value Estimation by Request

210 Tedmark Ct, Kankakee, IL 60901-6123

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1451 Ct St

APARTMENT HOUSE (5+ UNITS) • 0.36 Acres

Value Estimation by Request

1451 Ct St, Kankakee, IL 60901-4369

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1002 Hickory St

APARTMENT HOUSE (5+ UNITS) • 0.22 Acres

Value Estimation by Request

1002 Hickory St, Kankakee, IL 60901-3435

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315 Wildwood Ave, Unit 323

APARTMENT HOUSE (5+ UNITS) • 0.17 Acres

Value Estimation by Request

315 Wildwood Ave, Kankakee, IL 60901-4167

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1145 Schuyler Ave

APARTMENT HOUSE (5+ UNITS) • 0.17 Acres

Value Estimation by Request

1145 Schuyler Ave, Kankakee, IL 60901-5002

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1200 Oak St

APARTMENT HOUSE (5+ UNITS) • 0.47 Acres

Value Estimation by Request

1200 Oak St, Kankakee, IL 60901-4370

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550 9th Ave

APARTMENT HOUSE (5+ UNITS) • 0.77 Acres

Value Estimation by Request

550 9th Ave, Kankakee, IL 60901-2935

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941 Riv Dr

APARTMENT HOUSE (5+ UNITS)

Value Estimation

$2,600,000

941 Riv Dr, Kankakee, IL 60901-2279

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1100 Jeffery St

APARTMENT HOUSE (5+ UNITS) • 4.53 Acres

Value Estimation

$5,210,000

1100 Jeffery St, Kankakee, IL 60901-4680

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462 Chicago Ave

APARTMENT HOUSE (5+ UNITS) • 0.17 Acres

Value Estimation by Request

462 Chicago Ave, Kankakee, IL 60901-5270

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1745 Duane Blvd

APARTMENT HOUSE (5+ UNITS)

Value Estimation

$800,000

1745 Duane Blvd, Kankakee, IL 60901-5754

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216 Hunter Ave

APARTMENT HOUSE (5+ UNITS) • 0.14 Acres

Value Estimation by Request

216 Hunter Ave, Kankakee, IL 60901-4373

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950 Merchant St

APARTMENT HOUSE (5+ UNITS) • 0.30 Acres

Value Estimation by Request

950 Merchant St, Kankakee, IL 60901-4169

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751 5th Ave

APARTMENT HOUSE (5+ UNITS) • 1.68 Acres

Value Estimation

$1,900,000

751 5th Ave, Kankakee, IL 60901-2268

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1122 Ct St

APARTMENT HOUSE (5+ UNITS) • 0.17 Acres

Value Estimation by Request

1122 Ct St, Kankakee, IL 60901-4265

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584 Chicago Ave

APARTMENT HOUSE (5+ UNITS) • 0.17 Acres

Value Estimation by Request

584 Chicago Ave, Kankakee, IL 60901-5272

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319 5th Ave

APARTMENT HOUSE (5+ UNITS) • 0.17 Acres

Value Estimation by Request

319 5th Ave, Kankakee, IL 60901-3670

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1105 Merchant St

APARTMENT HOUSE (5+ UNITS) • 0.02 Acres

Value Estimation by Request

1105 Merchant St, Kankakee, IL 60901-3467

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890 5th Ave

APARTMENT HOUSE (5+ UNITS) • 0.28 Acres

Value Estimation by Request

890 5th Ave, Kankakee, IL 60901-2212

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Kankakee, IL Residential Income Properties Investment Opportunities Market Analysis

Explore 63 residential income properties for sale in Kankakee, IL, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 750,727 square feet of properties for sale, with an estimated market value of $25,650,000.

Sale prices for residential income properties in Kankakee, IL start at $130,000, averaging $827,419, 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.

Kankakee, IL Residential Income Properties for Sale

Kankakee Multifamily Investment Opportunity

Two-unit property near downtown Kankakee, ideal for renovation and rental.

Kankakee Multi-Family Investment Opportunity

Two-unit multi-family home with Craftsman details and income potential.