427 S Chicago Avenue Kankakee, IL $ 45,000
427 S Chicago Avenue
$ 45,000
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Open House 1/31 12pm - 2pm
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427 S Chicago Avenue

Kankakee, IL, 60901
$ 45,000
Bedrooms6 Baths2.0 Sq 2,630

Monthly Estimate*

$ 277

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Multi-Family Home for sale in Kankakee, IL

for $45,000 with 6 bedrooms and 2 full baths. This 2,630 square foot home was built in 1906.

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.

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Open House

1/31/2026 12:00 PM - 2:00 PM
2/1/2026 12:00 PM - 2:00 PM
427 S Chicago Avenue Kankakee, IL
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm

Multi-Family Active

Price

$ 45,000

Bedrooms

6

Full Bath

2

Property Type

Multi-Family

Taxes

$ 0

Style

Year Built

1906

Town/City

Kankakee

County/Region

Kankakee

MLS | Web ID

12548086

Features
General
Sewer Public Sewer
Heating Natural Gas
Possession Closing
Construction Materials Aluminum Siding
Year Built 1906
Township Kankakee
Tax Year 2024
Ownership Fee Simple
County Kankakee
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 14
Status New
Directions Court St to Chicago Go South 4 blocks. Home is on the West side of the street.
City Kankakee
High School District 111
MLS Area Kankakee
Tax Annual Amount 0
Standard Status Active
Middle/Junior School District 111
Elementary School District 111
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Interior
Basement Unfinished Full
Total Bedrooms 6
Room Type Foyer
Total Baths 2
Bedrooms Possible 6
Full Baths Building 2
Half Baths Building 0
Total Number of Units 2
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Exterior
Parking Features Yes
Water Source Public
Total Parking 4
Lot Dimensions 50x145
Waterfront Y/N N
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* Excluded Features
List By
Re/Max Prestige Homes

Broker

monicapizanocasas@gmail.com

Email

Affordability Calculator

$277
Per Month
100%
0%
0%
Monthly Principal & Interest
$277
Monthly Property Taxes
--
Monthly 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
566955 Elementary School
566932 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/24/2026$45,000 Listed Price

Map


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427 S Chicago Avenue, Kankakee, IL, 60901 is a Multi-Family Home for sale at $45,000 with 2,630 sqft. 427 S Chicago Avenue has 6 bedrooms, 2.0 baths, and was built in 1906. The property's zip code is 60901 which is in Kankakee, IL