242 W Jeffery Street Kankakee, IL ^$ 560,000

242 W Jeffery Street

^$ 560,000

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242 W Jeffery Street

Kankakee, IL, 60901

^$ 560,000

Bedrooms-- Baths--

Monthly Estimate*

^$ 3,448

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Commercial Property for sale in Kankakee, IL

for $560,000. This building was built in 1950 on a lot size of 0.29798.

GREAT INVESTMENT OPPORTUNITY IN KANKAKEE!! THIS UNIQUE MIXED USED PROPERTY IS A GEM! KEY HIGHLIGHTS: (COMMERCIAL & RESIDENTIAL), INCOME GENERATING ASSET, PRIME LOCATION. REACH OUT TO LISTING AGENT FOR MORE INFORMATION

Commercial Active

Price

^$ 560,000

Property Type

Commercial

Taxes

^$ 12,846

Style

Automotive

Lot Size

0.29798

Year Built

1950

Town/City

Kankakee

County/Region

Kankakee

MLS | Web ID

12540003

Features

General

Cooling Central Air

Year Built 1950

Electric Circuit Breakers

Stories Count 2

Tax Year 2023

Current Use Automotive

Gross Income 84000

County Kankakee

Insurance Expense 0

Property Type Commercial Sale Mixed Use

Status Active

Directions STRAIGHT ON WASHIGNTON AVE THEN TAKE A RIGHT ON W JEFFERY ST PROPERTY WILL BE ON YOUR LEFT

City Kankakee

Number Of Units Total 7

MLS Area Kankakee

Lot Size Square Feet 12980

Tax Annual Amount 12846

Electric Expense 0

Fuel Expense 0

Trash Expense 0

Water Sewer Expense 0

Additional Parcels Y/N Y

Standard Status Active

Exterior

Lot Dimensions 150X130

* Excluded Features

List By

Exp Realty

Broker

diegop.properties@gmail.com

Affordability Calculator

$4,519

Per Month

Monthly Principal & Interest: $3,448
Monthly Property Taxes: $1,071
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

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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Nearby

Trends
Schools

Commerical listings in Kankakee, IL

Average List Price ^$477,823

Percent of Sale Price 15%

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
1/3/2026	$560,000		Listed Price

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242 W Jeffery Street, Kankakee, IL, 60901 is a Commercial Property for sale at $560,000 with a lot size of 0.29798. 242 W Jeffery Street was built in 1950. 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.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 1/17/2026.

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242 W Jeffery Street

Commercial Property for sale in Kankakee, IL

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