265 S Washington Avenue Kankakee, IL $ 155,000
265 S Washington Avenue
$ 155,000
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265 S Washington Avenue

Kankakee, IL, 60901
$ 155,000
Bedrooms6 Baths2.0

Monthly Estimate*

$ 954

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Multi-Family Home for sale in Kankakee, IL

for $155,000 with 6 bedrooms and 2 full baths. This home was built in 1910.

Opportunities like this don't come around often. This solid two-unit property in the heart of Kankakee is the definition of a true income-producing asset-already generating nearly $3,000 per month in rental income. Whether you're looking to expand your portfolio or secure a strong cash-flowing investment from day one, this property checks all the boxes. Both units are well-positioned to provide consistent returns, making it an ideal addition for both seasoned investors and those just getting started. The current ownership has maintained the property and is offering it strictly due to relocation, creating a rare chance to step into a performing asset without the typical startup headaches. This is the kind of deal investors wait for-stable, proven, and ready to go. Located in a convenient area with strong rental demand, this property offers the perfect blend of cash flow and long-term upside. Call today to schedule your private showing-48-hour notice required. Serious inquiries only. Buyers must be pre-approved or provide proof of funds prior to showing.

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Multi-Family Contingent

Price

$ 155,000

Bedrooms

6

Full Bath

2

Property Type

Multi-Family

Taxes

$ 2,775

Style

Year Built

1910

Town/City

Kankakee

County/Region

Kankakee

MLS | Web ID

12604531

Features
General
Sewer Public Sewer
Heating Natural Gas
Possession Negotiable
Zoning MULTI
Construction Materials Vinyl Siding
Year Built 1910
Township Kankakee
Tax Year 2024
Ownership Fee Simple
County Kankakee
New Construction N
Property Type Residential Income Two to Four Units
Contingency Financing
Total Rooms 12
Status Contingent
Directions E Court to S. Washington
City Kankakee
High School District 111
MLS Area Kankakee
Tax Annual Amount 2775.26
Standard Status Active Under Contract
Middle/Junior School District 111
Elementary School District 111
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Interior
Basement Unfinished Full
Total Bedrooms 6
Total Baths 2
Bedrooms Possible 6
Full Baths Building 2
Half Baths Building 0
Total Number of Units 2
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Exterior
Water Source Public
Total Parking 0
Lot Dimensions 40X111X45X110
Waterfront Y/N N
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* Excluded Features
List By
Village Realty, Inc

Broker

roryhertzberg@outlook.com;roryadmin@gmail.com

Email

Affordability Calculator

$1,186
Per Month
80%
20%
0%
Monthly Principal & Interest
$954
Monthly Property Taxes
$231
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
3/31/2026$155,000 Listed Price

Map


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265 S Washington Avenue, Kankakee, IL, 60901 is a Multi-Family Home for sale at $155,000. 265 S Washington Avenue has 6 bedrooms, 2.0 baths, and was built in 1910. The property's zip code is 60901 which is in Kankakee, IL