793 N 5th Avenue Kankakee, IL ^$ 249,900

793 N 5th Avenue

^$ 249,900

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793 N 5th Avenue

Kankakee, IL, 60901

^$ 249,900

Bedrooms-- Baths-- Sq 5,200

793 N 5th Avenue, Kankakee, IL 60901 - Image 1

793 N 5th Avenue, Kankakee, IL 60901 - Image 2

Property for Rent in Kankakee, IL

for $249,900. This 5,200 square foot property was built in 1943 on a lot size of 0.170432.

FOR SALE - KANKAKEE - 6 UNIT MIXED USE INCOME PRODUCING PROPERTY - 2 commercial units on the first floor and 4 apartments on 2nd floor. Ample parking in side and back of building. Apartments have private interior entry. Almost 10,000 Vehicles per day at your doorstep! Zoned C- 2 -Commercial. Fully occupied, listed at a 12 cap rate! Great investment property, call today!

Rental Contingent

Price

^$ 249,900

Taxes

^$ 6,629

Style

Commercial

Lot Size

0.170432

Year Built

1943

Town/City

Kankakee

County/Region

Kankakee

MLS | Web ID

12079831

Features

General

Cooling Partial

Roof Membrane

Zoning COMMR

Construction Materials Brick

Year Built 1943

Electric Circuit Breakers

Tenant Pays Varies by Tenant

Stories Count 2

Property Subtype Mixed Use

Tax Year 2024

Current Use Commercial

Gross Income 52500

County Kankakee

Net Operating Income 29820

Operating Expense 20055

Insurance Expense 0

Property Type Commercial Sale Mixed Use

Contingency Attorney/Inspection

Possible Use Commercial

Status Contingent

Directions US-45 S/US-52 E/Kennedy Dr to N 5th Ave. Property on SW corner of 5th and Williams.

City Kankakee

Number Of Units Total 6

MLS Area Kankakee

Lot Size Square Feet 7424

Tax Annual Amount 6629.58

Electric Expense 0

Fuel Expense 0

Trash Expense 0

Water Sewer Expense 0

Additional Parcels Y/N N

Lease Type Modified Gross

Standard Status Active Under Contract

Cap Rate 12

Exterior

Building Area Total 5200

Lot Dimensions 70X153X70X114

Frontage Type City Street

* Excluded Features

List By

Mccolly Bennett Real Estate

Broker

bucktamblyn@mccolly.com

Nearby

Trends
Schools

About Kankakee, IL

25,835 Population

-8% Since 2002

^$35,173 Median Income

35.04 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
6/12/2024	$249,900		Listed Price

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793 N 5th Avenue, Kankakee, IL, 60901 is a Property for Rent at $249,900 with 5,200 sqft and a lot size of 0.170432. 793 N 5th Avenue was built in 1943. The property's zip code is 60901 which is in Kankakee, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Data is updated as of 1/28/2026.

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793 N 5th Avenue

Property for Rent in Kankakee, IL

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