491 S Chicago Avenue Kankakee, IL ^$ 160,000

491 S Chicago Avenue

^$ 160,000

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491 S Chicago Avenue

Kankakee, IL, 60901

^$ 160,000

Bedrooms6 Baths4.0 Sq 3,000

Monthly Estimate*

^$ 985

491 S Chicago Avenue, Kankakee, IL 60901 - Image 1

491 S Chicago Avenue, Kankakee, IL 60901 - Image 2

491 S Chicago Avenue, Kankakee, IL 60901 - Image 3

491 S Chicago Avenue, Kankakee, IL 60901 - Image 4

491 S Chicago Avenue, Kankakee, IL 60901 - Image 5

491 S Chicago Avenue, Kankakee, IL 60901 - Image 6

491 S Chicago Avenue, Kankakee, IL 60901 - Image 7

491 S Chicago Avenue, Kankakee, IL 60901 - Image 8

491 S Chicago Avenue, Kankakee, IL 60901 - Image 9

Multi-Family Home for sale in Kankakee, IL

for $160,000 with 6 bedrooms and 4 full baths. This 3,000 square foot home was built in 1920.

ValueAdd Triplex With Seller Financing - 491 S Chicago Ave, Kankakee Cash preferred for $100K down, seller carry first, and quick close. Already priced to sell. Seller has other interests and is ready to move this property. Value supported by a recent appraisal. All offers and credit types considered. This triplex offers a strong valueadd opportunity with over $50,000 in recent upgrades already completed, providing builtin equity for the next owner. The property has a solid rental history and currently includes one habitable unit. The remaining two units need interior completion, including appliances, wall finishing, and flooring-allowing the new owner to choose the design and finishes. Once completed, the property is wellpositioned for rental demand in the Kankakee market.

Multi-Family Active

Price

^$ 160,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 3,792

Style

Year Built

1920

Town/City

Kankakee

County/Region

Kankakee

MLS | Web ID

12562010

Features

General

Sewer Public Sewer

Heating Natural Gas Electric Forced Air

Possession Closing

Roof Slate

Zoning MULTI

Garage Spaces 2

Construction Materials Vinyl Siding

Year Built 1920

Township Kankakee

Tax Year 2024

Ownership Fee Simple

Gross Income 11400

Community Features Curbs Sidewalks Street Lights Street Paved

County Kankakee

New Construction N

Property Type Residential Income Two to Four Units

Total Rooms 16

Status Active

Directions River Street to S. Chicago North one block

City Kankakee

High School District 111

MLS Area Kankakee

Tax Annual Amount 3792.34

Additional Parcels Y/N N

Standard Status Active

Middle/Junior School District 111

Elementary School District 111

Interior

Basement Partially Finished Unfinished Full

Total Bedrooms 6

Total Baths 4

Bedrooms Possible 6

Full Baths Building 4

Half Baths Building 0

Total Number of Units 3

Exterior

Parking Features Yes Garage Owned Attached Off Street Driveway Owned Garage

Lot Features Corner Lot

Water Source Public

Total Parking 6

Foundation Details Concrete Perimeter

Lot Dimensions IRR

Waterfront Y/N N

* Excluded Features

List By

Compass

Broker

veskliros@gmail.com;Vasia.Skliros@Compass.com

Affordability Calculator

$1,301

Per Month

Monthly Principal & Interest: $985
Monthly Property Taxes: $316
Monthly Home Insurance: --

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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

Multi-family listings in Kankakee, IL

Average List Price ^$640,767

Percent of Sale Price 300%

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.

566955 Elementary School

566932 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/13/2026	$160,000	-3.03%	Price Down
2/5/2026	$165,000		Listed Price

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491 S Chicago Avenue, Kankakee, IL, 60901 is a Multi-Family Home for sale at $160,000 with 3,000 sqft. 491 S Chicago Avenue has 6 bedrooms, 4.0 baths, and was built in 1920. 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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Data is updated as of 4/23/2026.

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491 S Chicago Avenue

Multi-Family Home for sale in Kankakee, IL

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