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221 S Small Avenue Kankakee, IL $ 390,000
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$ 390,000 Get more info
221 S Small Avenue
$ 390,000
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Recently Listed
Open House 5/16 12am - 2pm
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221 S Small Avenue

Kankakee, IL, 60901
$ 390,000
Bedrooms7 Baths4.0

Monthly Estimate*

$ 2,401

221 S Small Avenue, Kankakee, IL 60901 - Image 1
221 S Small Avenue, Kankakee, IL 60901 - Image 2
221 S Small Avenue, Kankakee, IL 60901 - Image 3
221 S Small Avenue, Kankakee, IL 60901 - Image 4
221 S Small Avenue, Kankakee, IL 60901 - Image 5
221 S Small Avenue, Kankakee, IL 60901 - Image 6

Multi-Family Home for sale in Kankakee, IL

for $390,000 with 7 bedrooms and 4 full baths. This home was built in 1972.

Spacious 4-unit investment opportunity featuring three 2-bedroom units and one 1-bedroom unit. All tenants are currently on month-to-month leases, offering flexibility for investors or owner-occupants! Perfect for a seasoned investor looking to add to their portfolio or a starter investor wanting to live in one unit while renting out the other three. Property is conveniently located near shopping, dining, and everyday amenities. Recent improvements include a brand-new parking lot and driveway completed in 2024.

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Open House

5/16/2026 12:00 AM - 2:00 PM
221 S Small 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

$ 390,000

Bedrooms

7

Full Bath

4

Property Type

Multi-Family

Taxes

$ 7,798

Style

Year Built

1972

Town/City

Kankakee

County/Region

Kankakee

MLS | Web ID

12647737
Features
General
Sewer Public Sewer
Heating Electric
Possession Closing
Construction Materials Brick
Year Built 1972
Township Kankakee
Tax Year 2025
Ownership Fee Simple
Gross Income 49800
County Kankakee
Net Operating Income 18197
Insurance Expense 2600
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 20
Status New
Directions Head West on W Court Street Turn Left on Small Ave Turn Right into the Property
City Kankakee
High School District 111
MLS Area Kankakee
Tax Annual Amount 7798.54
Electric Expense 2160
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 4680
Standard Status Active
Middle/Junior School District 111
Elementary School District 111
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Interior
Basement Finished Partial
Total Bedrooms 7
Total Baths 4
Bedrooms Possible 7
Full Baths Building 4
Half Baths Building 0
Total Number of Units 4
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Exterior
Parking Features Yes Owned
Water Source Private
Total Parking 8
Lot Dimensions 80X160
Waterfront Y/N N
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* Excluded Features
List By
Realty Of America, Llc

Broker

nayelisells@outlook.com

Email

Affordability Calculator

$3,051
Per Month
79%
21%
0%
Monthly Principal & Interest
$2,401
Monthly Property Taxes
$650
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
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/14/2026$390,000 Listed Price

Map

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221 S Small Avenue, Kankakee, IL, 60901 is a Multi-Family Home for sale at $390,000. 221 S Small Avenue has 7 bedrooms, 4.0 baths, and was built in 1972. The property's zip code is 60901 which is in Kankakee, IL

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