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    Kankakee, IL
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    Kankakee, IL Residential Income Properties for Sale

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    Bradley, IL Bourbonnais, IL Aroma Park, IL
    6 results
    Remodeled Duplex in Kankakee
    $195,000

    Remodeled Duplex in Kankakee

    1095-1097 E Merchant Street, Kankakee, IL 60901

    Remodeled two-unit building with strong rental income potential.

    • Strong cash flow potential from rental income.
    • Remodeled 2‑unit building ideal for investors or multi‑family living.
    • Each unit has its own laundry facilities.
    • Spacious units: one 3‑bedroom, 1‑bathroom and one 2‑bedroom, 1‑bathroom.
    • Detached 2‑car garage for parking and storage.
    Updated: May 4
    View details
    Mixed-Use Property in Kankakee, IL
    $560,000
    0.30 Acres

    Mixed-Use Property in Kankakee, IL

    242 W Jeffery Street, Kankakee, IL 60901

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

    • Income‑generating asset
    • Mixed‑use property (commercial & residential)
    • Prime location
    • Great investment opportunity
    • Enjoy central air
    Updated: Jan 3
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    Value-Add Triplex in Kankakee
    $160,000

    Value-Add Triplex in Kankakee

    Triplex with seller financing and value-add opportunity in Kankakee.

    491 S Chicago Avenue, Kankakee, IL 60901
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    Kankakee Multifamily Property For Sale
    $200,000

    Kankakee Multifamily Property For Sale

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

    357 S ROSEWOOD Avenue, Kankakee, IL 60901
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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 77 Potential Opportunities for your consideration. Besides 6 Active listings in Kankakee, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 63 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
    $775,000
    0.30 Acres

    Peotone Multifamily Property For Sale

    Multifamily property available in Peotone, Illinois.

    536 Schroeder Avenue, Peotone, IL 60468
    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
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    Peotone Commercial Land Opportunity
    $479,900
    146,793 SF

    Peotone Commercial Land Opportunity

    3.5 acres with existing structures, ideal for commercial development.

    28429 South Route 50, Peotone, IL 60468
    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.

    Residential Lot in Kankakee, IL
    Contact for pricing

    Residential Lot in Kankakee, IL

    Vacant residential lot suitable for building a home or investment property.

    215 N Rosewood Avenue, Kankakee, IL 60901
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    Clifton, IL Land For Sale
    $75,000
    0.71 Acres

    Clifton, IL Land For Sale

    Approximately 0.71 acre lot in Clifton, Illinois.

    175 E 3rd Avenue, Clifton, IL 60927
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    Residential Land in Essex Landing
    $36,000
    1.20 Acres

    Residential Land in Essex Landing

    1.2 acre residential lot in Essex Landing subdivision.

    245 Essex Way lot: 25, Essex, IL 60935
    View details
    Tranquil Semi-Wooded Acreage
    $45,000
    1.20 Acres

    Tranquil Semi-Wooded Acreage

    1.2 acres in Essex Landing subdivision, ready for your dream home.

    211 Norfolk Way lot: 54, Essex, IL 60935
    View details

    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.

    390 Walnut St

    390 Walnut St

    APARTMENT HOUSE (5+ UNITS) • 0.17 Acres
    Value Estimation
    $800,000
    390 Walnut St, Kankakee, IL 60901-4975
    View details
    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
    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

    Kankakee, IL Residential Income Properties Investment Opportunities Market Analysis

    Explore 69 residential income properties for sale in Kankakee, IL, showcased through 6 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 residential income 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

    Multifamily properties 5
    Duplexes 2
    Apartment buildings 1
    Quadplexes 1
    Triplexes 1

    Demographics Overview

    Population 33K
    Population Growth (5Y) -6.4%
    Median Household Income $54,557
    College Educated 22.6%

    High-Yield Neighborhoods for Strategic Investment

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

    Neighborhood Average Price
    60901 $251.4K

    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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