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    Kankakee, IL Residential Income Properties for Sale

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    Bradley, IL Bourbonnais, IL St Anne, IL Chebanse, IL Manteno, IL Momence, IL Martinton, IL Pembroke Township, IL
    13 properties
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    8-Unit Apartment Building
    Updated: Oct 1
    8-Unit Apartment Building

    1525 E Risser Street, Kankakee, IL 60901

    $469,900
    0.20 AC lot
    Eight apartments: four one‑bedroom units and four two‑bedroom units
    Fully rented property
    Recent updates to the parking lot, boiler, water heaters, and roof
    Coin‑operated laundry room on site
    0.1975 acres; zoned MULTI
    View details
    Updated Two-Unit Duplex
    Updated: Aug 24
    Updated Two-Unit Duplex

    341 S 5th Avenue, Kankakee, IL 60901

    $160,000
    0.17 AC lot
    Two‑unit duplex with both residences currently leased
    First‑floor unit recently updated and occupied by a new tenant
    Second‑floor unit has more than 15 years of tenant occupancy
    Updated furnaces, electrical panels, and water heaters
    0.17‑acre lot with owned parking, basement, balcony, and deck
    View details
    Mixed-Use Property with Central Air
    Mixed-Use Property with Central Air

    242 W Jeffery Street, Kankakee, IL 60901

    $560,000
    0.30 AC lot

    Combination commercial and residential property with central air conditioning in Kankakee.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Six-Bedroom Duplex
    Six-Bedroom Duplex

    427 S Chicago Avenue, Kankakee, IL 60901

    $45,000
    2,600 sqft

    Two residential units offer three bedrooms apiece, plus a full basement and natural gas service.

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    Mixed-Use Property with Outdoor Venue
    Mixed-Use Property with Outdoor Venue

    5896 State RT 17 Hwy, Kankakee, IL 60901

    $425,000
    3,500 sqft 0.39 AC lot

    Two apartments accompany an established hospitality layout with kitchen, bar, seating, and entertainment areas.

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    Duplex With Detached Garage
    Duplex With Detached Garage

    1095-1097 E Merchant Street, Kankakee, IL 60901

    $185,000

    Updated two-unit property with separate laundry facilities, porches, and public utilities.

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    Duplex with Commercial Zoning
    Duplex with Commercial Zoning

    1020 E Court Street, Kankakee, IL 60901

    $130,000

    Both apartments include separate living, dining, and kitchen areas with tenant-paid electric.

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    Residential Income Property with City Utilities
    Residential Income Property with City Utilities

    1945 S SCHUYLER AVE, Kankakee, IL 60901

    Contact for pricing
    113,256 sqft

    City water and city sewer serve the property, with tenants directly billed for all utilities.

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    Duplex Property With Private Yards
    Duplex Property With Private Yards

    1115 N Schuyler Ave, Kankakee, IL 60901

    $349,900

    Two separately configured residences provide distinct outdoor areas, parking, and household amenities.

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    Residential Income Property with Balcony
    Residential Income Property with Balcony

    341 S 5th Avenue, Kankakee, IL 60901

    $165,000

    An unfinished full basement adds utility space to this traditional residential property.

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    Remodeled Two-Unit Duplex
    Remodeled Two-Unit Duplex

    1338 E Chestnut St, Kankakee, IL 60901

    $160,000

    Updated interiors and building systems create two contemporary rental units with flexible owner-occupant potential.

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    Residential Income Property with Garage
    Residential Income Property with Garage

    1179 S Schuyler Avenue, Kankakee, IL 60901

    $139,900

    Includes a detached garage, full unfinished basement, and natural gas and electric service.

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    Updated Quadplex with Garage
    Updated Quadplex with Garage

    543 S 3rd Avenue, Kankakee, IL 60901

    Contact for pricing

    Four renovated apartments include an unfinished basement and dedicated parking areas.

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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 13 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.

    Mixed-Use Retail & Apartment Building
    Mixed-Use Retail & Apartment Building

    49-63 N Main St, Manteno, IL 60950

    $1,250,000
    12,983 sqft 0.29 AC lot

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

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    Duplex with Two Detached Garages
    Duplex with Two Detached Garages

    197 N Cleveland Avenue, Bradley, IL 60915

    $229,900

    Two separate residences with detached garages and basements, offering a turnkey setup with existing renters.

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    3-Bedroom 55+ Corner Lot Mobile Home
    3-Bedroom 55+ Corner Lot Mobile Home

    1151 Ash Ct, Manteno, IL 60950

    $72,500

    Well-maintained 3-bedroom, 2-bath mobile home on a corner lot in an Oak Ridge 55+ community with 2023 roof updates.

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    16-Unit Apartment Building Package
    16-Unit Apartment Building Package

    501-504 N Washington Avenue, Bradley, IL 60915

    Contact for pricing

    Two-story apartment buildings feature private entrances and laundry facilities within each residence.

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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.

    Residential Lot in Kankakee, IL
    Residential Lot in Kankakee, IL

    215 N Rosewood Avenue, Kankakee, IL 60901

    Contact for pricing

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

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    Wooded Homesite in River Crossing
    Wooded Homesite in River Crossing

    1900 Indian Trl, Kankakee, IL 60901

    $99,900
    0.77 AC lot

    Residential homesite with mature trees near Kankakee River.

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    Wooded Lot Near Kankakee River
    Wooded Lot Near Kankakee River

    St Anne, IL 60964

    $30,000
    1.86 AC lot

    1.86-acre wooded lot near Kankakee River in St. Anne.

    View details
    Clifton, IL Land For Sale
    Clifton, IL Land For Sale

    175 E 3rd Avenue, Clifton, IL 60927

    $75,000
    0.71 AC lot

    Approximately 0.71 acre lot in Clifton, Illinois.

    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
    APARTMENT HOUSE (5+ UNITS)

    390 Walnut St, Kankakee, IL 60901-4975

    Estimated value:
    $700,000
    0.17 AC lot
    View details
    1100 Jeffery St
    APARTMENT HOUSE (5+ UNITS)

    1100 Jeffery St, Kankakee, IL 60901-4680

    Estimated value:
    $5,430,000
    4.53 AC lot
    View details
    564 Indiana Ave
    APARTMENT HOUSE (5+ UNITS)

    564 Indiana Ave, Kankakee, IL 60901-2430

    Estimated value:
    $105,000
    View details
    675 Entrance Ave
    APARTMENT HOUSE (5+ UNITS)

    675 Entrance Ave, Kankakee, IL 60901-2365

    Estimated value:
    $600,000
    0.24 AC lot
    View details
    924 Willow St
    APARTMENT HOUSE (5+ UNITS)

    924 Willow St, Kankakee, IL 60901-2572

    Estimated value:
    $1,445,000
    0.33 AC lot
    View details
    163 Rosewood Ave
    APARTMENT HOUSE (5+ UNITS)

    163 Rosewood Ave, Kankakee, IL 60901-4170

    Estimated value:
    $1,445,000
    0.17 AC lot
    View details
    1525 Risser St
    APARTMENT HOUSE (5+ UNITS)

    1525 Risser St, Kankakee, IL 60901-4471

    Estimated value:
    $375,000
    0.20 AC lot
    View details
    450 Dearborn Ave
    APARTMENT HOUSE (5+ UNITS)

    450 Dearborn Ave, Kankakee, IL 60901-5157

    Estimated value:
    $300,000
    0.25 AC lot
    View details
    751 5th Ave
    APARTMENT HOUSE (5+ UNITS)

    751 5th Ave, Kankakee, IL 60901-2268

    Estimated value:
    $1,900,000
    1.68 AC lot
    View details
    1745 Duane Blvd
    APARTMENT HOUSE (5+ UNITS)

    1745 Duane Blvd, Kankakee, IL 60901-5754

    Estimated value:
    $800,000
    View details
    250 Entrance Ave
    APARTMENT HOUSE (5+ UNITS)

    250 Entrance Ave, Kankakee, IL 60901-3669

    Estimated value:
    $830,000
    0.46 AC lot
    View details

    Kankakee, IL Residential Income Properties Market Trends and Statistics

    Explore 72 residential income properties for sale in Kankakee, IL, showcased through 13 active listings on our real estate platform. These investment opportunities span a total of 119,356 square feet of properties for sale, with an estimated market value of $2,789,700.

    Sale prices for residential income properties in Kankakee, IL start at $45,000, averaging $253,609, and reaching up to $560,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Multifamily properties 11
    Duplexes 6
    Apartment buildings 2
    Mobile home & RV parks 1
    Quadplexes 1

    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 $218.3K

    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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