427 S Chicago AVE Kankakee, IL 60901 Open Sat 12PM-2PM

UPDATED: 01/24/2026 10:14 PM ON MARKET: 1 days on market

$45,000

6 Beds2 Baths

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12548086

Bedrooms 6

Year Built 1906

Tax Year 2024

Lot Dimensions 50x145

Property Sub-Type Two to Four Units

Property Description

Investor Special - Opportunity in the Heart of Kankakee! Massive 2600 sq ft two-unit property offering a rare opportunity for real estate investors looking to rehab, reposition, and maximize rental income. Each unit features 3 generously sized bedrooms with spacious room layouts, providing strong potential for future long-term tenants once renovated. The full basement offers an excellent opportunity to add a shared laundry area, creating an additional income stream and increasing overall property value. Located close to downtown Kankakee, this property is within close proximity to restaurants, gas stations, the public library, Kankakee Farmers Market, City Hall, the courthouse, attorney offices, and numerous other downtown amenities-making it a highly desirable location for future renters. This property is ideal for those looking to renovate, rent, and build long-term wealth in a centrally located area. Bring your contractor and your vision-opportunities like this don't come around often. This property is being sold in AS IS condition.