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    Kankakee, IL
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    Kankakee, IL Triplexes for Sale

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    Bradley, IL Bourbonnais, IL Aroma Park, IL
    Value-Add Triplex in Kankakee
    $160,000
    Value-Add Triplex in Kankakee

    491 S Chicago Avenue, Kankakee, IL 60901

    Triplex with seller financing and value-add opportunity in Kankakee.
    • Triplex at 491 S Chicago Ave, Kankee (CASH ONLY per seller remarks), with one habitable unit and two additional units needing interior completion
    • Over $50,000 in recent upgrades already completed, with remaining work including appliances, wall finishing, and flooring for the 2 unfinished units
    • Built in 1920 with vinyl siding and a slate roof
    • Heating includes forced air plus electric and natural gas options
    • Public water and public sewer (Public Sewer)
    Updated: Feb 5
    View details
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Kankakee, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Income-Producing Triplex in Kentland, IN
    $375,000
    0.40 Acres
    Income-Producing Triplex in Kentland, IN

    Well-maintained, fully occupied triplex offering immediate income potential.

    211 W Railroad Street, Kentland, IN 47951

    View details
    Historic Queen Anne Victorian Triplex
    $275,000
    0.35 Acres
    Historic Queen Anne Victorian Triplex

    Legal 3-flat in Chicago Heights' Historic District.

    51 W 21st Street, Chicago Heights, IL 60411

    View details
    Three-Unit Building in Chicago Heights
    $175,000
    0.14 Acres
    Three-Unit Building in Chicago Heights

    Fully rented three-unit building, a great investment opportunity.

    154 E 22nd Street, Chicago Heights, IL 60411

    View details
    Income-Producing Triplex Investment Opportunity
    $375,000
    Income-Producing Triplex Investment Opportunity

    Well-maintained, fully occupied triplex in high-demand rental market.

    211 W Railroad Street, Kentland, IN 47951

    View details

    Kankakee, IL Triplexes Investment Opportunities Market Analysis

    Explore 1 triplexes for sale in Kankakee, IL on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $160,000.

    Sale prices for three-family homes in Kankakee, IL start at $160,000, averaging $160,000, and reaching up to $160,000 — 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

    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 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 $160K

    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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